
8 June 2024 | 37 replies
We also have options for non-accredited investors to receive the benefits of owning a loan, but also the tax benefits of not having to pay ordinary income on the interest

6 June 2024 | 7 replies
You need to consult with a lawyer.Best to reach a compromise if you can with the buyer.

8 June 2024 | 1 reply
These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.

9 June 2024 | 36 replies
Probate, tax liens, pre-foreclosure, expired listings, etc.

7 June 2024 | 3 replies
You are causing a $125k tax bill by not selling this property as your primary.
8 June 2024 | 11 replies
My family member struggles to find decent tenants year after year and the constant increases in property taxes are killing her cash flow.

7 June 2024 | 10 replies
Regarding the $80K, if it's your primary residence that could be considered tax free money.

7 June 2024 | 8 replies
Hey Chinmay, Depending on your FICO score, annual taxes, insurance, and property location you should be able to qualify for a DSCR Cash Out loan.

5 June 2024 | 6 replies
I have a background in development consulting and marketing.

7 June 2024 | 1 reply
But you've already paid a truck load of taxes by getting so much for the option.It is possible to sell the property without the deed transferring.