16 May 2024 | 4 replies
Having a 24 month term on the front end will also make my job easier doing the take-out loan when it's time to refinance into permanent debt, because there's room in there for a full year of tax returns to have been done in the middle (if your exit plan is to sell, it'll also make it easier on your buyer who will presumably be willing to pay a higher price if they can get an A-paper good mortgage).Ask for a 24 month term, tell your contractor you want it done in a year (and make it financially worth their while if they can pull it off), internally/mentally plan on 18 months, and I'm putting you on notice now to do your tax returns on time, rather than extending them (don't fight me on this, please just do it).Trying to get a renovation mortgage like this for only 1 point is likely a waste of your time, but if you want to ask, after you've secured the above as a 'done deal,' go for it, can't hurt.

16 May 2024 | 10 replies
Is there a place that I'm supposed to be looking up the details like taxes, hoa, photos, etc that is understood amongst each other?

13 May 2024 | 2 replies
Would the property taxes on this property be taxed at the residential rate?

15 May 2024 | 2 replies
We wouldn't use it the field because of legality issues with claims they make, we use something a little much more concentrated, but it's great solution for someone who's trying to DIY it.Tests can be great to minimize the what IFs people have and to get a tenant to stop bothering you about it, we have worked with a number of landlords in the past just giving them information so their tenant had some piece of mind.

16 May 2024 | 6 replies
I found a company selling small notes on raw land ($10-$50k range) that they buy out of bankruptcy/tax sales.

13 May 2024 | 3 replies
We will use proceeds from the str to pay the note but may be missing some tax benefits with this structure. - The land was homesteaded under the same parcel ID as our primary residence as it was next door and will be carved out at sale. - We have lived in the house more than two years

16 May 2024 | 0 replies
I am a realtor myself so I can save on fees but my assumption is if I sell I end up somewhere with $200k that I would then need to pay capital gains taxes on.

16 May 2024 | 1 reply
like what kind of surprises can we see with REO like backed taxes, association etc?

16 May 2024 | 17 replies
I have around $165k in savings, with an option to withdraw $16k from my 401k after taxes and fees.

16 May 2024 | 10 replies
Wont LLC comes with additional annual tax filling complexity ?