19 January 2024 | 7 replies
However, using a self-directed individual retirement account (SDIRA) or an e-QRP (enhanced qualified retirement plan) for real estate investments comes with certain complexities and considerations.
25 October 2024 | 8 replies
To thrive in real estate investing, you must maintain a firm grip on your finances.
21 September 2024 | 9 replies
If you have class C rentals, I like to use Traffic master Grip Strip Water Resistant Luxury Vinyl Plank Flooring.
10 August 2013 | 6 replies
.* If you get to the point where you want to purchase a larger apartment or commercial property and need more cash for the down payment (or enhanced credit support), then partner(s) can enable you to obtain bank financing and purchase a much larger asset.
15 January 2025 | 11 replies
While there's no strict requirement to match the original mortgage terms, reinvesting the full proceeds without financing or using leverage to enhance returns is key.If you don't reinvest the full amount, any shortfall ("boot") will be subject to capital gains tax, and depreciation recapture may apply.This post does not create a CPA-Client relationship.
5 January 2025 | 5 replies
Getting one property and cashflowing it will be a challenge. you can try seller financing but you are still going to be highly levered which just enhances the risk that you are taking on.The best way to grow is to focus on managing your rental, saving money through your W2 and crushing that - if you are a realtor you will make more crushing it as being a realtor than over leveraging real estate - then save for down payment and buy slowly. its not a rush.
10 January 2025 | 2 replies
By reimagining layouts, we improve functionality while enhancing the overall aesthetic.
1 December 2024 | 25 replies
It allows you to get a better grip, and get you started. 10's of more reasons but those are the most important when compared to OOS investing.
9 August 2019 | 103 replies
But, going to college also means you can learn a lot more about subjects that will enhance your knowledge and be useful later in life.
13 January 2025 | 5 replies
., new roofing, foundation repairs)-Cosmetic Enhancements (e.g., new flooring, updated bathroom/kitchen fixtures)-Energy Efficiency Upgrades (e.g., solar panels)-Accessibility Modifications (e.g., ramps, widened doorways)-Luxury Items (e.g., pool)-LandscapingNot Acceptable Renovations:-Commercial Use (e.g., turning a residential property into a commercial property)-Temporary Structures-Non-Residential Buildings (e.g., barns, stables)FHA 203(k)Minimum Down Payment: 3.5%Minimum Credit Score: 620Minimum Loan Amount: $50,000Maximum Loan Amount: $524,225Occupancy Types: Primary Residence ONLYUnit Maximum: 4 UnitsAcceptable Renovations:-Structural Improvements/Reconstruction (e.g., adding rooms, bathrooms)-Cosmetic Enhancements-Eliminate Health and Safety Hazards-Energy Efficiency Improvements-Major Landscaping (e.g., grading, tree removal, adding walkways)Non-Acceptable Renovations:-Luxury Items-Commercial Use-Temporary Structures-Non-Residential BuildingsBoth of these renovation loans are similar in many ways, but the key differences are:1.