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10 February 2025 | 3 replies
for double closing you would need your funds to buy then sell it to end buyer at premium. there are transactional funding companies that can lend the cash for a fee.
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7 February 2025 | 31 replies
The macroeconomics for Columbus Ohio are on fire especially with population growth, job growth, and companies moving/developing here so there's amazing appreciation as well.
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18 February 2025 | 4 replies
Right after I closed on that one the insurance company demanded I make a couple thousand dollars of repairs.
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19 January 2025 | 56 replies
Some of them continue to get positive reviews because investors receive their distributions like clock work.
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21 February 2025 | 10 replies
This option minimizes taxes while allowing more flexibility to reinvest without 1031 restrictions.Option C: Sell Now Without the ExclusionSelling immediately means paying capital gains tax on the entire gain, including depreciation recapture, making this the least tax-efficient option.Additional Considerations:HELOC or Cash-Out Refi: If you want to keep the rental while accessing equity for your retirement home, consider a HELOC or cash-out refinance instead of selling.Estate Planning: If you hold the property until passing it to heirs, they receive a step-up in basis, eliminating capital gains taxes entirely.For tax efficiency, staying two more years allows you to partially exclude capital gains, while a 1031 exchange defers taxes if you plan to continue investing in rental properties.This post does not create a CPA-Client relationship.
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21 January 2025 | 13 replies
If you’re looking to continue to invest in your backyard, it helps to network with as many locals in the industry as you can.
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18 February 2025 | 7 replies
Please stop asking us for "the best" zip codes to invest in.Detroit has around 183 Residential Neighborhoods - wouldn't it be nice if "some property mangagement company" Classified them all as A, B, C, or D on an interactive map that real estate investors could use to make better decisions?
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8 February 2025 | 2 replies
If you want to be mentored your best bet is to go work for a company - most CRE is not a single individual and CRE is fast moving and things happen fast and you can't structure a "follow me to learn" without working for someone
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5 February 2025 | 17 replies
-Start at a title company- they will help you structure liens and deeds so that your interest is protected properly.
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7 February 2025 | 9 replies
I'm an investor (STR properties), realtor, and own a construction company near Texas A&M in the Bryan / CS area but travel to the 903 frequently to visit family.