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12 February 2025 | 9 replies
If they don't show up, projects get very delayed and become unprofitable, even costly.
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22 February 2025 | 9 replies
Financing through a personal loan usually offers better rates and lower costs, but using an LLC builds business credit for future investments.
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2 February 2025 | 2 replies
If we see any reduction in interest rates in the near future, we expect the market to become even more active, which would only amplify the already noticeable shift.Jan 1, 2020 to Jan 31, 2025 Mortgage RatesIn summary, while we are still navigating some uncertainties with higher rates, the outlook for the Las Vegas real estate market in 2025 is promising.
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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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18 February 2025 | 12 replies
If your project has limited amenities - don’t comp to fully amenitized assets with a pool / fitness center / carport and garage parking / etc.
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21 February 2025 | 6 replies
And I don't think anyone else will be able to get a loan if you decide to sell it in the future - which obviously impacts its value.Yes, you can do Conventional, FHA, VA, and USDA loans to purchase existing or new manufactured homes.
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21 February 2025 | 12 replies
Not sure if that is the case for you or if you are worried about burnout but if not, I would continue making extra as a nurse which will help with getting you approved based on income for future homes.
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9 February 2025 | 32 replies
I guess I need to change some settings on BiggerPockets to notify me in the future.
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30 January 2025 | 6 replies
In the future, either get your Real Estate License so you have access to the MLS, or make friends with a realtor so they can get you comps to get an ARV.
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27 January 2025 | 5 replies
At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.