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9 January 2025 | 46 replies
I think some min level of regulation benefits everyone, including wholesalers who currently operate in no man's land.
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21 January 2025 | 59 replies
Side benefits or PM besides free time.
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2 January 2025 | 1 reply
The mortgage would stay under the seller's name.The buyer could then rent out the unit, renovate, etc. to increase cash flow or make more money.But aside from a possible "due on clause" being called by the mortgage company, what's the benefit to the seller?
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3 January 2025 | 7 replies
The owner doesn't really benefit much except for not having to pay a mortgage anymore?
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7 January 2025 | 16 replies
Being able to shuffle leads from MTR to MTR is a huge bonus and you can benefit from the economies of scale faster.
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6 January 2025 | 1 reply
Giving them a financial hand to leave could be to your benefit, but I would keep that in my back pocket until its necessary. 7.
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6 January 2025 | 14 replies
Here are some thoughts I hope help.The benefit of selling now is that as an inherited property you will likely pay no taxes because you inherit it at a stepped-up basis.I'm not a huge fan of buying a house that has lot rent.
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6 January 2025 | 9 replies
I will provide some thoughts on the San Diego purchase- virtually all high LTV mls purchases since rates started to hike have negative cash flow at purchase- historically great appreciation- historically great rent growth but recently flattening- prop 13 is great benefit for long holds- laws keep getting less LL friendly.
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8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.
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9 January 2025 | 43 replies
And if you do upgrade, you get an additional $50 in your wallet.To get access to these benefits, you will have to link your BP Pro account to your Invelo account.