17 May 2024 | 2 replies
In the case of inheritance, sometimes the best thing to do is to just sell them off and get what you can get so you can move on.
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17 May 2024 | 0 replies
Hello everyone, I am selling an apartment building in California using a 1031 exchange (to buy property in the Midwest) and am wondering if I can use my passive loss carryovers and disallowed losses for that property to offset any boot because I am planning to use the cash pullout as reserves or repair money for when the replacement property is vacant.
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17 May 2024 | 2 replies
Basically, 24 different properties spread across 3 Florida counties will need to close all at once during one closing.My thought is to do a quasi-double close/bridge loan where I bring in a partner to fund the deal (about $5 million), and then have separate closings as quickly as possible after the fact in which we sell the other properties we don't want.
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17 May 2024 | 5 replies
Pay it down, draw it up, pay it down etcCES(Short-term)- Perhaps you know exactly how much cash you need, and you need all of what's available, say to remodel before selling.
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15 May 2024 | 1 reply
The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.
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15 May 2024 | 7 replies
I just contacted a RE agent whose information was on a foreclosed property that I've been trying to purchase for over a year. He said that he did NOT have it listed yet because Fannie Mae (the owner) was remodeling it...
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17 May 2024 | 5 replies
The program looks at location, property value, amount owing, interest rate, taxes, insurance, rents, condition, etc and several exit strategies.When we make an offer to buy, we can offer cash, subject to, wrap, seller financing, lease option, seller carryback and so on.Obviously if we wholesale the property, there is no carrying management needed, and if use a lease option to sell, the optionee is responsible for maintenance and repairs.
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16 May 2024 | 4 replies
They decided to sell and wanted $50,000 more than comparable units.
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16 May 2024 | 2 replies
Trying to learn about what properties sold by banks are selling for (REOs).
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18 May 2024 | 15 replies
And yes, it does count against Fannie/Freddie if personally obligated. https://selling-guide.fanniemae.com/sel/b2-2-03/multiple-fin...