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19 December 2024 | 2 replies
You'll then see that delinquency rates are:- At their lowest point since 2006- Historically on the low side of normal - On an overall downward trend for the past 4 yearsIn fact, excluding the artificially propped-up mortgage market of 2004-2006 during which delinquency rates were slightly lower than they are today, bottoming out at 1.41% in 2005, there are fewer mortgage delinquencies today than at any time in the past 33 years.By the way, when these scant 1.73% of homeowners become delinquent on their mortgages, they overwhelmingly have the equity to be able to sell the home at a gain if needed.
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30 December 2024 | 24 replies
The only silver lining is this property performance so bad, that it helps offset the gains from my other 10 homes.
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18 December 2024 | 3 replies
Maybe lost of tax efficient gains during peak earning years?
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18 December 2024 | 3 replies
Obviously social media is another outlet, but what posts have you seen gain traction?
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16 December 2024 | 13 replies
Quote from @Andrew Steffens: I am curious what strong buyers market is making huge equity gains?
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19 December 2024 | 82 replies
It's low risk and tax free on the gain.
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21 December 2024 | 12 replies
I'm a very analytical person who won't start a new venture without first gaining a solid understanding, establishing the right framework and connections, and ensuring that I'm securing a great deal.
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21 December 2024 | 14 replies
I think there is something to gain from this in explaining that, yes, they may use it, but there is inherit risk with using it.
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19 December 2024 | 7 replies
Essentially, instead of selling a property and paying taxes on the capital gains, you can reinvest the proceeds into a similar property and defer the taxes.
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17 December 2024 | 6 replies
I had 3.5% rate, did a lot remodeling and heavy lifting, and decided to sell due to the 2/5 capital gains exclusion.