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19 March 2024 | 2 replies
After ten years compounding at 5% that amount would be worth $1,348,602, which would really be $1,256,344 after accounting for LTCG @ 15% (1,348,602-733,500 * .15).Final amount for condo conversion: $1,256,344Pros: After money is reinvested, passive incomeCons: Taxed twice, once on sale, once when investments are sold, no real control over money once investedScenario 2: 10 year holdI pasted my numbers at the bottom of this post so it's easier to see, but my thought process was as follows:1) Calculate value based on reasonable appreciation trends, plus cash flow.
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19 March 2024 | 5 replies
Well diversified business base, a university, access to good transportation, a strong workforce and affordable housing.All of those add up to a good long-term investment formula.Let me know if I may be of assistance.Paul.
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19 March 2024 | 12 replies
Based on what you gentlemen said I am thinking of selling after late August of 2024 so that I only have to pay capital gains taxes.
20 March 2024 | 11 replies
We have a standard fee (paid by the guest) which varies based on the home size and complexity, and comes to roughly $25/hr though we pay a flat rate.
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19 March 2024 | 7 replies
I am based in W Seattle and we focus on working with investors trying to grow and expand their portfolio in real estate.
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19 March 2024 | 6 replies
If you have to, interview a couple until you find one that you "click" with. 2) Let that agent connect you with their network of investor-friendly lenders. 3) Meet with these lenders, have them talk over your finances with you and what loan products you would qualify for at the moment based on your income and assets. 4) Let the outcome of that conversation (#3) dictate your strategy moving forward and take your findings back to the realtor so you can craft a plan.
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19 March 2024 | 16 replies
These are generally 12-24 month interest only loans that borrowers will generally pay back by selling or flipping to long term financing like DSCR loans.More on DSCR loans:DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.
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19 March 2024 | 5 replies
We have a milder climate down here in Columbus, so $300 sounds about right based on your experience.
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19 March 2024 | 5 replies
I'm going to preface this with I'm not an accountant or certified tax-preparer but the previous advice seems slightly off (maybe based off old forms).
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19 March 2024 | 17 replies
It's still probably a scam based on what you've written.Yes, I have been served already.