
21 May 2024 | 4 replies
I've been searching for a while here on BP but have not found a thread related to my situation:I've been renovating and renting a property for just over 2 years and may be in a position to sell/close in the next 30-60 days.I am trying to cut-off major projects at this time to make a clean break, however we have committed to replacing windows in one of the units (windows are already ordered), with total project lead-time of 45-60 days (windows have been hard to get for the past year).In the event we have a closing date PRIOR to window installation, how should we handle paying the contractor?

23 May 2024 | 9 replies
If I move the business and taxes to the USA through an LLC, would that be a smart move to get funding and better interest rates than Mexico's banks, even though the property is in Mexico?

23 May 2024 | 11 replies
ClairInvesting in a duplex in Lubbock has many ups, like being able to live in one part and rent the other, growing your money, getting more cash, tax perks, and facing fewer times without renters.

23 May 2024 | 1 reply
They may need to access cash or move to a more suitable living situation.Tax Liens or Legal IssuesOwners facing tax liens, legal disputes, or other complications may want to sell their property fast to resolve these issues without further financial or legal consequences.Burnt-Out InvestorsReal estate investors who are tired of managing properties, dealing with tenants, or facing constant repairs may decide to liquidate their holdings quickly to invest in other opportunities or simplify their lives.Understanding these motivations can help you tailor your approach and offer solutions that address their specific needs, making it more likely you'll secure a deal.

23 May 2024 | 3 replies
You get all the benefits of real estate ownership, such as cash flow, appreciation, and tax advantages, without the headaches of trying to score deals or manage tenants.

22 May 2024 | 3 replies
It's likely best to jump on the phone with an expert to discuss this, but I'll leave a quick description below:Owner financing is a tricky issue for tax purposes.

23 May 2024 | 13 replies
For rentals, remember to factor in costs like renovations, property taxes, insurance, and potential vacancies.

20 May 2024 | 7 replies
I would not rely on Zillow to heavily I would get a tax cert and see what exemptions you qualify for but that’s a big jump.

23 May 2024 | 1 reply
The mortgage market is healthy so there are several ways for income to be calculated including but not limited too: full income verification of two years W-2's or tax returns, 1-2 years of a 1099, average deposits of 12-24 months of personal or (50%) of business bank statements, an up to date P&L, DSCR (debt service coverage ratio) or rental income (investment properties only). - Appraisal.

23 May 2024 | 8 replies
So, if you 1031 into an asset worth $700K or more to fully defer taxes, you'll have around $240K or so to put down (there are fees and deductions so these numbers are general).