David Ivy
Austin Market Report - August 2024
13 September 2024 | 0 replies
For the 10 year period spanning August 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.5%.With inflation nearing its 2% target and signs of a slowing labor market, The Federal Reserve is predicted to cut rates as many as three times before the end of 2024 (see here).
Austin Bouchard
Seeking Guidance on Scaling a Door-Knocking Acquisitions Team for Wholesaling/REI
12 September 2024 | 0 replies
We're based in Kansas City, MO, and are currently generating just over $1M in revenue annually (~50 transactions a year).
Andrew Meringoff
Installment sale interest vs. cap gain
11 September 2024 | 3 replies
Bought for 359k will sell for 659k in this example.Assuming 150k down payment in 2024 50k annual payments for a year for 4 years 259k ballon payment I thought 50% of each payment would be cap gains but then I read unstated interest payments and I’m lost.What portion of his annual installment payments will be interest?
John Miller
Weird generic property ownership questionnaire
11 September 2024 | 1 reply
I've watched so many BP videos and not once has filing quarterly come up as opposed to annually..
Christian Drbal
spouse as LLC for tax benefits
13 September 2024 | 8 replies
It sounds like you’re aiming to offset your W-2 income with potential real estate losses, which can be tricky if you don’t qualify as a Real Estate Professional.To qualify as a Real Estate Professional, you or your spouse need to spend more than 50% of your working hours and at least 750 hours annually on real estate activities.
Rami Khaldi
Private Money Lending Terms
11 September 2024 | 3 replies
Typical terms: Rates can range from 8% to 12% annually, broken down monthly (e.g., a 10% annual return would pay the lender about 0.83% monthly).
Bradley Hendrix
Going from -50K to 1 million
13 September 2024 | 7 replies
Here are the numbers…Purchase $375,000.00Cleanout $25,000.00Rehab $375,000.00 (I estimated a little under 275, 100k lesson)All in right at $775,000.00With current rents the NOI is 108,000 annual.
Ashley C.
Let's Get REAL For A Minute Section 8 HUD Property Investors
11 September 2024 | 69 replies
Rarely, does anyone want to repeat this process annually.
Mike T.
Back Door Roth IRA
12 September 2024 | 4 replies
The "backdoor Roth" strategy allows someone who earns too much income to be eligible to make a direct Roth contribution, to make a non-deductible contribution to a traditional IRA, limited by the annual contribution limits ($5500 for 2013), and then do a Roth conversion by rolling the contribution over from the traditional IRA to a Roth IRA.
Barrett Dunigan
Upset Sale in Montgomery County, PA (with a side of intrigue)
10 September 2024 | 28 replies
For an unrelated party such as a tax sale buyer the tax rate is 15% of the value of the property on the date of death of the former owner PLUS 6% annual interest.