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31 January 2025 | 6 replies
Yes, I have been involved with several "mold" properties that still had high mold levels after remediation.
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24 January 2025 | 0 replies
The requirement for a notary to oversee the property transaction further safeguards the investment process, providing both parties with legal protection.4.
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23 January 2025 | 56 replies
I read on Lee Arnold system . com that joining the inner circle gives access to up to 100% financing on residential loans including Property Purchase Price + Closing Costs + Rehab Costs if that amount is 65% of the after repair value (ARV) as determined by a third party appraiser.
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14 January 2025 | 2 replies
We currently accept rent from tenants using a variety of 3rd party apps-Cashapp, Venmo, Zelle but are moving away from accepting payments in our individual names and want to start accepting payments directly to the LLC/business accounts, but LLC accounts do not accept Zelle and there is a fee for using business accounts on Venmo.
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21 January 2025 | 6 replies
Be very careful who you take advice from online, you should get involved with a local attorney and a local realtor.
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12 January 2025 | 13 replies
The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.
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22 January 2025 | 15 replies
One thing you might think of doing is having and promoting your own website to avoid the exhorbitant fees charged by the third party sites such as Expedia, Booking.com and Air BnB.
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27 January 2025 | 12 replies
Because buying a house in excellent condition and then totally changing the layout can be expensive, especially if it's involving load supporting walls.
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20 January 2025 | 10 replies
Without my wife's direct involvement, I think some of our homes would have struggled to stay afloat.
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24 January 2025 | 7 replies
There is so much MORE work involved as opposed to buying a fixer-upper and rehabbing that!