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15 January 2025 | 15 replies
Incidentally this is the perfect scenario where a checkbook IRA is going to be far superior to having to go through the custodian for every transaction.
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9 January 2025 | 10 replies
If you sell the property, a lot of the $107K cost will be eaten up in transaction cost.
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14 January 2025 | 4 replies
It’s temporarily lost its shine because of the slow down in transactions.
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29 January 2025 | 31 replies
I do not recommend paying any upfront fees, unless it's with a large bank that typically requires a good faith deposit on larger transactions.
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15 January 2025 | 5 replies
Even then, the IRS may scrutinize the transaction if it appears the intent was to immediately convert the property into a personal residence.Additionally, if you eventually sell the property after converting it to a primary residence, you may qualify for partial benefits under the Section 121 exclusion for primary residence gains.
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9 January 2025 | 2 replies
Congratulations on your impressive success since 2021—that's quite an achievement to have closed over 100 transactions in such a short time.
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18 January 2025 | 13 replies
They can bring it to open market and facilitate the transaction.
11 January 2025 | 12 replies
That kind of errand is not the sort of thing they are paid to do and our liaison wasn't able to devote enough time to the problem on a daily basis to make it happen which I completely understood but it was still frustrating.
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7 January 2025 | 0 replies
Would like to hire more daily workers to decrease time.
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2 January 2025 | 4 replies
Partnering with an experienced motel operator is a smart idea—it can help bridge the operational knowledge gap and mitigate risks.When evaluating motels, focus on metrics like occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR).