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20 February 2025 | 3 replies
After you’ve found a few options, review them with your agent.
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6 February 2025 | 5 replies
I reviewed about a dozen options.
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7 February 2025 | 16 replies
@Paige Gardner it depends on the person. hml are my last resource, it's a option for sure. 75% too high for me. that's the game for them, that's how they make its money. don't take it off the table but definitely explore ur options.
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8 February 2025 | 42 replies
Hey Kaleb,If you’re looking at markets out west or down south, those can be great options, but I’d also recommend checking out Detroit.
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10 February 2025 | 1 reply
There's nothing wrong with considering them along with other options, but I would be careful thinking they will get you more bang for your buck or a more honest operator.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.
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4 February 2025 | 4 replies
I also know I can look at ways of borrowing against that equity (HELOC for example) but I also just feel like if I take debt on that property the cashflow goes down, and then if the association also takes the loan it goes down more, and at that point I don't know why it would be a better option than selling before August.
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18 February 2025 | 9 replies
However, you can reduce tax liability by:Converting the flip into a rental for at least a year, allowing for depreciation and potential 1031 exchange benefits when selling.Offsetting gains with deductions, such as accelerating business expenses or using cost segregation for rentals.Using an S-Corp for future flips to lower self-employment taxes while keeping rentals in an LLC for liability protection.Deferring deductions to 2025 if your 2024 taxable income is high.While a 1031 exchange isn’t an option for flips, strategic tax planning can help minimize taxes.This post does not create a CPA-Client relationship.
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31 January 2025 | 22 replies
Hey @Sundone Boutvyseth,Similar to what @Brad Jacobson said, your best option might be a secondary residence loan if you want to STR.
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26 February 2025 | 7 replies
I would start there and think of anything that I could do to stay in the house for a while as it sounds like you would be losing a bit of money with the other options.
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9 February 2025 | 7 replies
VRBO of course has no co-hosting option.