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3 August 2024 | 2 replies
Having witnessed firsthand the pitfalls of hasty investments based on vague information, I recognize that this journey isn’t as straightforward as it seems.
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3 August 2024 | 3 replies
Please be gentle; I'm new at this and it's pretty complex :)Structure / Legal Details- we'd establish market value through a combination of comps from local real estate agent and an appraisal- attorney would establish all required "arms length" aspects including a mortgage at a minimum standard federal rate- LLC would pay us back based on a standard promissory note over 30 yrs Pros of selling to the LLC (I think)- A sale now would be the only time we'd be able to take advantage of the cap gains exclusion on this house bc we won't qualify for the "live there 3 of 5 years" rule due to the timing of our lease and our last time of residence.
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2 August 2024 | 11 replies
If you are still looking, I have a great guy based down there as well.
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2 August 2024 | 14 replies
Terms for these bridge loans are usually 6-12 months.You could assess how much to charge for interest and points based on how experienced the investor is.Would love to connect!
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2 August 2024 | 2 replies
I don't think I need a service to do the billing as I'd just use my current management company, but I'm open to exploring this option if it makes more sense.
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1 August 2024 | 42 replies
@Miles Presha That SHOULD be a viable strategy but based on the rents in your market.
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4 August 2024 | 5 replies
They can provide personalized advice based on your situation and help you understand legal implications or tax benefits.Potential Liability:Continuing to run all expenses through your holding company might expose you to some liability.
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2 August 2024 | 2 replies
Figure out what your values are, and create your goals and decisions based on values.My mentor described it to me as values based decision making.
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2 August 2024 | 5 replies
I've looked into house hacking and then moving out in 2 years but that option isn't changing anything. if someone wants to walk me through using the BP calculator and possible show where I'm over compensation on expenses.
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31 July 2024 | 5 replies
New to RE investing and learning about different financing options to fuel my flipping business.