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27 September 2024 | 13 replies
That comes when you've started looking at properties you could actually buy and you start over analyzing because you're afraid to pull the trigger.I experienced this in a different fashion when we bought a property and we were gutting our first kitchen and I didn't want to pull the trigger because I was a little afraid of just ripping everything out and what would actually happen.
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27 September 2024 | 44 replies
Which if you get an LLC with them you are required to either pay a yearly compliance fee ($200) or a monthly office fee which is supposed to include access to their legal and tax advice.
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24 September 2024 | 13 replies
I don't love it, but if I could make a 20% cash on cash return (or the return of your liking), I'd pull the trigger.
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25 September 2024 | 6 replies
Thank you,Nirav Since you already pulled the trigger...and are a limited partner...this means you have the benefits of that (i.e. no liability beyond your investment) in exchange for generally having no ability to vote or have a say in how the investment is managed.
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23 September 2024 | 10 replies
Hey Art, When investing in real estate within a Self-Directed IRA, using leverage can trigger Unrelated Debt-Financed Income (UDFI), which may lead to Unrelated Business Income Tax (UBIT) on the portion of income derived from the leveraged percentage.
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27 September 2024 | 14 replies
I'm a little surprised no one else has mentioned this yet, but if your agent is in compliance with the new rules, they would have had you sign a buyer-broker agreement before showing the house, and I pray before starting negotiations for you.
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25 September 2024 | 14 replies
The two years of residence would tick back from when you lived in the home, which concluded in Sept 2021.The other piece to keep in mind, and again, I don't know where abroad you are living, but I would also consult a tax accountant familiar with the tax laws of that country, and the US tax treaty with that country, to confirm a gain wouldn't be inadvertently triggered for your country of residence.
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27 September 2024 | 40 replies
Often DSCR lenders do not go through the typical compliance required by respa/TRID due to the loan being business purpose. so, it is 100% buyer beware when working with those lenders as the timelines required by TRID of any change in costs or loan amount so not apply.
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23 September 2024 | 20 replies
How have you been in compliance with local laws?
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23 September 2024 | 21 replies
We could have therefore remained in compliance with the rules to only have one FHA loan at a time but not needed to wait so long to refinance after the first year expired because the other person would have been eligible to open a second one.