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27 January 2025 | 4 replies
Your "clients" will disproportionately be elderly people who you will be taught to "help" - somehow you convincing them not to take market value by listing their home, or selling it subject-to, is "help".- In between finding these "clients" you "help solve a problem for" (in the language of the gurus), you will be angrily dismissed by hundreds or thousands of people, if you are able to get into contact with them. - In the extremely unlikely event that you get a property under contract, your assignment fee, in many locations, and probably on average, will be less than the commission a licensed broker would have received for selling the property. - You will be at risk of breaking the law, as many states are creating laws that effectively ban wholesaling, and while wholesaling gurus claim that this is not the case, they are either lying or deluded.
8 February 2025 | 89 replies
MOST don't try to trick their clients!
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2 February 2025 | 9 replies
This client chose not to use our services and instead, tried to self-manage their primary.
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6 February 2025 | 10 replies
However, you can defer taxes under §1033 involuntary conversion if you elect to reinvest the proceeds into a similar rental property within two years (three years if the government condemns the property or threatens to do so, and four years for a principal residence in a federally declared disaster area).To reduce taxable gain, consider:Electing §1033 treatment and reinvesting the full $300K into a new rental property to defer taxes completely.Partial reinvestment, where only the portion not reinvested is taxable.Properly documenting all replacement costs and property details to ensure IRS compliance.Using cost segregation on the new property to accelerate depreciation and offset future taxable income.Since the §1033 election must be made, consult a tax professional to ensure compliance and maximize deferral benefits.This post does not create a CPA-Client relationship.
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25 January 2025 | 3 replies
In most case when I have clients putting 25% they will be cash flowing, a lot of that has to do with looking at things a bit differently.
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24 February 2025 | 14 replies
Hello @Patricia Via,Our investment business in Las Vegas has delivered over 530 investment properties to clients worldwide.
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14 February 2025 | 19 replies
There is a 'no seasoning' program that I utilize for the fastest BRRRR clients, but your rate will be slightly better (0.25-0.375%) if you hold out for closing on a refinance after 90 days.
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28 January 2025 | 3 replies
Hi Irene,I had a client that did this with a home and a barndominium next door.
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28 January 2025 | 4 replies
Evan, As a local broker, I’ve assisted many clients with the entity transfer process, often referred to as a "drop and swap."
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22 February 2025 | 13 replies
I’ve seen clients choose a cheaper PM despite warnings, only to deal with poor communication and headaches.