
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.

3 August 2024 | 10 replies
I don't think it's worth trying to sue the county over 6k, it may cost more in legal fees.This was my first flip and it has been a school of hard knocks.

2 August 2024 | 9 replies
One thing to think about is the age of the home.

4 August 2024 | 4 replies
I also don't think the appreciation opportunity is as great as communities a little closer to Asheville.

2 August 2024 | 11 replies
What do you think?

3 August 2024 | 3 replies
This is 100% top advice to think about - each state (and sometimes, often municipality/city) will have different processes, rules and yields for this - it is a very location-specific strategy and have to hyper-focus on a local market (more even for the rules/process than the real estate knowledge) to have success

2 August 2024 | 53 replies
what impact do you think that will have on rents?

3 August 2024 | 1 reply
So that is not even the closing date.I start to think of moving away from this deal but don't know if that's even possible.

2 August 2024 | 7 replies
I was losing my offers to mostly all-cash buyers, and also they were going higher than I wanted with their offers (usually because I had a ROI in mind) - I was not smart because I think I was thinking the low rates would last a while.

4 August 2024 | 15 replies
Why do you think purchase contracts are so long and have such small print?