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21 September 2024 | 3 replies
Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchanging "doc" with "pdf" for more options.Here is an example and explanation: Sample EstoppelSome have a lot of legal jargon but this document does not need to be so detailed.
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19 September 2024 | 6 replies
Cash out refi. 1031 exchange (sell and reposition).
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20 September 2024 | 7 replies
The repercussion of failing to execute a 1031 exchange far exceed the savings you get from negotiating down the agent commission.
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20 September 2024 | 9 replies
I bought it for 247K in 2013 and just sold it for 650K two weeks ago with a 1031 exchange getting out of the partnership to go do our own things.
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21 September 2024 | 16 replies
What are you offering in exchange for the capital?
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18 September 2024 | 4 replies
The 1031 exchange seems daunting but it is not.
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21 September 2024 | 14 replies
I sold one of mine last year to a gentleman from out of state who needed to do a 10:31 exchange, and he ended up just moving his son into the place I would recommend advertising on local and even out of state Facebook groups.
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19 September 2024 | 44 replies
Using strategies like a 1031 exchange allows you to sell and reinvest in another property while deferring taxes, so I often factor this into decisions.For me, it's a combination of interest rates, appreciation, and potential cash flow.
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20 September 2024 | 114 replies
Furnace was 30 years old and there were cracks in the heat exchanger.
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18 September 2024 | 5 replies
Most people will tell you that your second choice can't be done, but the IRS has issued two (2) Private Letter Rulings on point where they did allow the taxpayer to build on property they already owned through a 1031 Exchange.