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10 February 2025 | 3 replies
The single biggest advantage of selling your homestead is that you can take all the Cap gain tax free if you have lived in the home as your homestead for 2 of the last 5 years.
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27 January 2025 | 1 reply
It will familiarize you with the basic terminology and benefits.
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22 January 2025 | 5 replies
The seller's LLC pays capital gains tax and depreciation recapture, while the buyer's LLC uses the purchase price as the new cost basis.
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12 January 2025 | 6 replies
To Sum it up, its a good idea if you can exceed the cost of capital (higher rate than your cost of debt) with what you earn on your heloc/debt you pull out and invest.The question is how much gains above is enough to substantiate the risk of your variable interest rate, well thats up to your personal investing criteria.
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2 February 2025 | 4 replies
Since the trust is a disregarded entity, the benefit is bypassing probate, not tax issues or liability concerns.
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19 January 2025 | 47 replies
The reason being they see no benefit and they do not understand it.
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6 February 2025 | 28 replies
Looks better for them and gaining a sale and higher property value gives a larger commission.
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18 January 2025 | 15 replies
I used to cold call, skip trace, send mailers, and don't get me wrong you will get success from it like James above, however as you gain experience you will realize you need deals faster, easier, cheaper, and with more "meat on the bones" and in order to have that you need constant deals flowing through your eco system and that's hard to do with mailers, cold calls, VA's and skip tracing etc.
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16 January 2025 | 2 replies
They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.
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21 January 2025 | 16 replies
I have been fortunate to meet two of those individuals and gained a mentor.