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10 April 2024 | 70 replies
Of course this does not work as does not count the remodeling added value which is the simple success key.That is good also for investors you could advice: I would plan a joint venture with them participating to the profit on a certain % (instead of asking a fee upfront), so you would remain with a % of a stable return, while your investor could finance back the money from the property and start over again.
9 April 2024 | 67 replies
Can you jointly qualify with someone to increase your loan amount?
5 April 2024 | 9 replies
I would be straight up and say "I really appreciate the mentorship and guidance along the way but I am now at the point where I would like to take my business to the next level and I wanted to see if you would be interested in a joint venture."
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5 April 2024 | 11 replies
Sort of why I was hoping to build my network out here to get some leads going and help one another by sharing info or a joint deal.
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4 April 2024 | 7 replies
I would start by asking the seller (or agent), "Are you (or your client) willing to entertain a joint venture?"
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5 April 2024 | 9 replies
The deduction for mortgage interest in this case would indeed be $33,750.Regarding your second question about the origination years of the mortgages, the limitation on mortgage interest deductions generally applies to new loans taken out after December 15, 2017, for both single filers and married couples filing jointly.
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4 April 2024 | 15 replies
I've got a few mill in rental properties that I've BRRRR'd here in a Oregon, but most of acquisitions have been creative deal structure or joint ventures when we need to raise capital to get to a 50% LTV for maximized cash flow.
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4 April 2024 | 0 replies
This strategic move paid off handsomely as we were able to command higher rents than initially projected.Here are the key financial details of the deal:Purchase Price: $270,000 (jointly with a partner)Financing: Obtained a commercial bank loan with a 30% down payment, 7% interest rate, and a 20-year amortization period.Initial Rents: $1050 and $1250Current Rents: $1400 and pre-leasing for $1500 (making it a 1% rule deal!)
5 April 2024 | 27 replies
If you've lived in that house 2/5 years as your primary residence, you can also sell it tax free up to $250k single/$500k married-filing-jointly.
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3 April 2024 | 6 replies
Also you can still get the 250k limit even if you don't qualify for the full 500k married filing jointly.