Zachary Rosa
1031 or not!
11 January 2025 | 7 replies
You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.
Jason Burkart
Gift money for family or buy a rental for family?
27 January 2025 | 9 replies
It's also possible that inheritance tax will be more aggressive or more lenient in the future.
Shayan Sameer
Seeking Advice on Fix/Flip Property Decision - Rent or Sell
29 January 2025 | 2 replies
Also, is this your only offer, or just the best one so far?
Todd David Crouch
Self Employed or W2??
12 January 2025 | 4 replies
If you have a 2 year work history, and go get a W2 job tomorrow, we could use your base pay right away (as long as it is "guaranteed hours" or considered "full time".
Michael Overall
Utilities and Interest during remodel Basis or year deduction
21 January 2025 | 10 replies
Costs after it’s placed in service are deductible as rental expenses.If you need help tracking these costs or categorizing them for your tax return, consider working with a tax professional or using software that helps you manage rental property expenses.
Jade Frank
Should we sell our house or is it worth renting out
30 January 2025 | 5 replies
I recommend people only sell if (a) you can invest the capital in something that performs better, or (b) it aligns with your goals.
Chris Magistrado
Cybersecurity, Recruiting, or Real Estate?
14 January 2025 | 3 replies
This is the fork where I'm not sure if I'd be good to get some CRE exp and invest in learning about how to review deals for the next 2-3 years, or focus on generating revenue for investment purposes and watch how things are done as a LP.My personality more aligns with networking, reaching out to people, connecting, navigating difficult situations and finding solutions that work.
Chris Steinman
Rent or sale and new location
16 January 2025 | 1 reply
I purchased this before deciding to get in to real estate.I am trying to decide if I should rent the property out or sale it to buy something with long term investment in mind.
Martin Phinney
Moving Out of State - Should I Sell or Rent my House?
28 January 2025 | 9 replies
At that point you can keep the property in Seattle or Sell it down the road if ever needed.
Shawn Questa
'Hi, wait, are you a Wholesaler or a Cash Buyer?'
23 January 2025 | 7 replies
I feel like a Daisy-Chain would muck up my Timeline or even the whole Deal.As long as everything is in writing and I get my Fee, does it matter?