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4 December 2024 | 8 replies
You can use the 1031 to sell a larger unit that provides better cash flow while minimizing active management.You can either try to cluster those sales together so they close in a way that lets your replacement property be listed on each 45 day period and you close on it within 180 days of the first sale (the first exchange that will expire).Or you could do something like a reverse exchange where your Qi purchases the new property and holds it for you for up to 180 days while you sell all of your properties.
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5 December 2024 | 14 replies
Do you see a big increase in value after holding it for that short of a period?
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2 December 2024 | 10 replies
Periodically checking the realtor.com and zillow "sold" listings in your areas of interest will keep you generally informed on what properties are actually selling for.Feel free to reach out with any questions during your research phase, happy to share some additional stats/info.
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2 December 2024 | 4 replies
If not I don't like this as the payment will sky rocket after the 0% intro period.2.
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2 December 2024 | 34 replies
Banks also won’t loan less than 50k on a home loan period.
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6 December 2024 | 21 replies
I have and we periodically broker deals through Kiavi.
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2 December 2024 | 11 replies
After the property is acquired, during any 30-month period, the additions to the basis need to exceed the adjusted basis at the start of the 30-month period.What is the 50% of gross income test?
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2 December 2024 | 5 replies
He is teaching them to get their personal lives under control, period.
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1 December 2024 | 3 replies
I would love to keep it as a rental but at this time I think it would take too long for the rent values to increase enough to make sense Worst case scenario is I have to hold the home for an extended period if the market decreases short term.
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1 December 2024 | 9 replies
@Michael Anderson If the property had been sold, it would make sense to formally assign the lease and deposit to the new owner and memorialize an agreement to collect and adjust rents after settlement, indemnify the other party for things arising during their respective ownership periods, etc.