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9 December 2024 | 2 replies
I'm presented with an investment opportunity so I thought to reach out to BP for insight.Regards,Stanley
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8 December 2024 | 26 replies
However:Capital gains taxes can be minimized through deductions like rehab expenses, holding costs, and agent fees.Alternatively, if you decide to keep the Mooresville house and rent it out, you could potentially defer capital gains taxes through a 1031 exchange, but this only applies to investment properties (not primary residences).
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9 December 2024 | 20 replies
Repair addendums are often far more daunting because the buyer can't afford to take on any deferred maintenance.
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28 November 2024 | 9 replies
Would a DST work to defer taxes on ordinary income from say flipping properties and using the trust to invest in more properties?
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11 December 2024 | 10 replies
Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained
10 December 2024 | 2 replies
Should I present the expenses to all three tenants and ask them to cover the charges?
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2 December 2024 | 11 replies
A QOZ is an economically-distressed community where if certain conditions are met, it may result in deferment of capital gains tax for investors.
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10 December 2024 | 26 replies
The presenter lost me when in the initial free seminar the speaker was talking about how it was easier to foreclose on an owner than to evict a tenant.
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8 December 2024 | 10 replies
Do you really believe the lender snuck in terms knowing you, the "real estate savvy" one was not present"?
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12 December 2024 | 18 replies
As such, they want to repaint, have some deferred maintenance that needs handled in next several years, and therefore pause distributions to LPs, to fund those additional improvements out of operating cash.