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23 June 2024 | 25 replies
My gut response is for us to sell at 2 year mark and collect the equity (tax free).
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21 June 2024 | 21 replies
This can free up cash flow for new investments.- Leverage Your Equity: With 40% equity in your properties, you could consider a cash-out refinance.
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23 June 2024 | 3 replies
Is it possible to refinance the HELOC now into a conventional on the STR to remove the HELOC from my primary home and free that up for other investments.
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24 June 2024 | 26 replies
Feel free to reach out to me directly if I can help you any further.Best,Nick
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24 June 2024 | 5 replies
A way to account for the additional borrowing (or in this case effectively a cash gift towards down payment) is to attribute an interest rate to the $500k (or even an interest free loan over 30 years).
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23 June 2024 | 1 reply
Feel free to reach out and connect!
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24 June 2024 | 58 replies
Feel free to reach out if any questions arise along the way.
26 June 2024 | 34 replies
So, while it may be legal in most states for you to lend the LLC funds if it is structured as an actual loan, in writing with specific interest and payment schedules, just like a bank loan, it would have no tax advantage.If it's a stock corporation, then yes you can.This would be entered in QB like any other interest loan.Feel free to reach out with any further questions.
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19 June 2024 | 5 replies
We were able to get seller credit to help off-set the cost, but now we have heard of some people getting a free roof with the installation of solar.