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26 January 2025 | 4 replies
My original plan was to save up for a year and buy my first home.
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1 February 2025 | 51 replies
Sell, get the tax savings while you can.
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17 January 2025 | 6 replies
Ultimately I agree that responsiveness is very much appreciated, but you won't really know that until you start working together with the agent.
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27 January 2025 | 5 replies
It’ll save you headaches later if she tries to escalate things.Document Everything: Take pictures, write down the history of your interactions etcOffer a Transition Plan: Just like my client, I’d recomend offering her a temporary storage option nearby, or even a small rent discount, to show you’re not trying to kick her out - just keeping the property safe and up to code.
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13 February 2025 | 25 replies
It saves me a bunch of money and time.In one of the towns the only hardware stores are Ace and True Value.
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23 January 2025 | 16 replies
Dave’s team saved me from all that.
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21 January 2025 | 40 replies
But from what I have seen it has a lot of useful accounting tools that should make my life significantly easier, and ultimately that's what my intent is.
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13 February 2025 | 8 replies
Me purchasing it and renting it out to her turns it into an investment property thatvallows me to take advantage of all the tax benefits that come with it.She may lose the primary residence mortgage benefits she has, but I think what we achieve with the conversion outweighs the loss.Cashflow would be immediate and allow for quick savings growth for the next purchase.
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17 January 2025 | 1 reply
I'm not sure I would label this result "saving money" for your client, and I'm not sure I would brag about it.
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23 January 2025 | 7 replies
A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!