
10 July 2024 | 5 replies
You should know the rules inside out or be working with the professionals that know it.Incorrect moves can result in not only a taxable event to you but to your investors.Based on your most recent response, i do not think you have a good understanding of1) requirements of the QOF(You may need to substantially improve a property)2) How long you need to hold a property before it can be sold to exclude the gain3) Inside basis vs outside basisBest of luck

8 July 2024 | 9 replies
Since it sounds like you have full entitlement under VA, you can do 0% down up to any loan amount you want.

11 July 2024 | 11 replies
@Terra PadgettPaid annually… You have a lot better options I feel than 10% loan taxed at ordinary income and only paid once a year.

11 July 2024 | 9 replies
I don't even agree with cashing out equity on Property A so you can qualify for a loan on Property B.

11 July 2024 | 22 replies
Paying down $500 extra on two loans at the same interest rate is exactly equal to paying down $1,000 extra on one loan.

10 July 2024 | 0 replies
These updates modernized the property, improved its curb appeal, and significantly increased its market value.

8 July 2024 | 4 replies
Hello,I am working on a project for which I wanted to get some information about the Loan Origination process.

12 July 2024 | 7 replies
Simply doesn't make any sense.I have seen these guys typically have a hard money loan of $600k recorded, which translate to about $150/sqft. and that typically would also include their 'GC fee' already.
10 July 2024 | 4 replies
We made several improvements to the property when we got it - a totally new gas line, a totally new water line including all the lines from the street and pex plumbing installed.

11 July 2024 | 4 replies
AND, an even more powerful strategy to implement in today's market is to target homes for sale that have a FHA, VA or USDA loan because these loans are ASSUMABLE!