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19 September 2018 | 2 replies
But they don't break the bank when compared to the taxes saved by being able to put exchange dollars to the improvements.
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2 October 2018 | 94 replies
During inspection periods we have found a $60K cost ($40K of which was fixed price by the municipality) and a $50K cost.I closed on both these properties at a reduced price (one reduced the price significantly (the ~$50K issue resulted in $46.5K reduction) and one reduced the price moderately compared to the cost (the $60K resulted in a $9K reduction)).I do not know what your earnest money is.
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1 October 2018 | 10 replies
Some properties are purpose-built for income restricted residents which could include everything from voucher tenants to folks paying the freight themselves but meeting specific household income limits.
19 September 2018 | 1 reply
How do your pics look compared to the other properties in the area?
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19 September 2018 | 2 replies
If I understood you correctly, and you are getting a 30% return on your cash via your stock portfolio, and you compare that to your IRR for this property and it is less than the 30%, why switch?
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29 September 2018 | 3 replies
The one challenge I have found in higher priced markets is that rents, while very high, are not high enough compared to the sales price, so the deal doesn't make sense.
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19 September 2018 | 0 replies
I have an LLC, and my bank is offering a line of credit to my LLC. Problem is I am buying a property and can't buy it inside of an LLC and would prefer to use a line of credit over using my own cash, but I know that t...
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20 September 2018 | 4 replies
Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.You can borrow up to $50k from the plan; IRAs do not allow for participant loansThere is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)
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10 October 2018 | 45 replies
I compare that to people I know that are successful in their jobs but just can't get over the fear of the unknown to become real estate investors.There are well known people that did not go through college education to be successful, but there are also a large number of others that did not help themselves by lacking one.
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26 September 2018 | 6 replies
I know this because we regularly price shop and compare with our competition.