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26 June 2024 | 10 replies
I can connect you if you want.
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27 June 2024 | 12 replies
I know it's ridiculous but I always feel a sense of connection whenever I post a question and get so many wonderful responses and people offering their expertise.
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28 June 2024 | 12 replies
As a matter of fact, I connected lots of investors in SEA to invest here, so I have a decent handle on that market.
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27 June 2024 | 4 replies
There are a lot of details that will need to be handled, and handled properly.
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23 June 2024 | 6 replies
My name's Ben Beddick and I'm a rookie investor who's looking to get started and connect with any other REIs in the Winston-Salem/Triad area of NC.
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25 June 2024 | 20 replies
best is to connect with a realtor and get some contractor recommendations as well as 3 off of google with good reviews and go from there
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27 June 2024 | 14 replies
Connect with experienced real estate professionals in Cape Coral, such as realtors and property managers.
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26 June 2024 | 21 replies
If you need some guidance on the lending side, I am happy to connect!
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25 June 2024 | 2 replies
This can involve public hearings and meeting specific requirements.Surveyor: Hire a surveyor to map the property and define the boundaries of each condo unit.Legal Counsel: Work with a real estate attorney to ensure all legal requirements are met and the condo conversion is properly documented.Financial and Operational Considerations:Condo Fees: Determine the monthly condo fees for maintenance, repairs, and other communal expenses.Insurance: Ensure proper insurance coverage for the condo association and individual units.Reserve Fund: Establish a reserve fund for future repairs and maintenance.Tax Considerations:Initial Purchase with 1031 Exchange: 1031 Exchange Basics: By using a 1031 exchange, you defer capital gains taxes on the sale of your previous property by reinvesting the proceeds into a new like-kind property.Down Payment and Financing: You're putting down $220,000 and financing the remainder at 8% over 20 years, resulting in a monthly payment of $2,593.Converting to Condos and Selling Units:Capital Gains Deferral: The 1031 exchange allows you to defer capital gains on the initial exchange.
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26 June 2024 | 1 reply
Yes, feel free and reach out to me, and let's connect and go over some options and region-specific analytics to break down the market for you.