Thomas F Blaskey
1031 vs Gift vs Sale
26 November 2024 | 3 replies
The best strategy depends on your goals, but here’s a breakdown:Selling outright would result in paying capital gains tax and depreciation recapture, but since the appreciation is minimal, the tax impact may be relatively low.Gifting the property to your son could potentially allow him to sell it with a lower tax rate, but since he hasn't used it as a primary residence, he won’t qualify for the exclusion of capital gains tax on a primary residence, and you'd need to account for gift tax implications.1031 exchange could defer taxes, but you would need to purchase a like-kind property of equal or greater value and meet all the IRS requirements.
Robby Sanchez
Little late but here it is!
23 November 2024 | 1 reply
The work we put in today may not show immediate results, but the fact that we are taking action is a win and over time, it builds into something far greater.
Nathan Gesner
Are rents dropping in your market? You are not alone.
28 November 2024 | 26 replies
But you bring up a good point that supply could be at record levels if demand is matching that same pace.
Dennis Boettjer
Recommended syndication companies? (NON-accredited)
24 November 2024 | 8 replies
And when a rising tide is lifting all boats, groups that amplified their results by using risky high leverage could score some massive returns until the music stopped, then will subsequently struggle to keep the rest of their portfolio out of foreclosure.
Hunter Hanlon Taylor
Physician Loan House-Hacking
20 November 2024 | 9 replies
If you are graduating from Medical school and starting a residency, typically you will match in March and get your contract in April/May.
Thomas Loyola
Are my assumptions reasonable?
26 November 2024 | 5 replies
You can't expect to get the same results investors were getting in 2018.You can play with the numbers a little, but be careful.
Julio Gonzalez
Smart Strategies for Selling Your Investment Property
25 November 2024 | 0 replies
Selling an investment property can result in significant capital gains taxes.
Rod Merriweather
Trying to Scale- Lending Help Needed
26 November 2024 | 17 replies
Banks like to match short term assets with short term liabilities, and vice versa.I don't believe that DSCR loans are "expensive", but they do require a more thorough underwriting and higher amount of financial documentation other private and hard money loans.It generally helps to have a Fractional CFO or Loan Consultant (not a broker) that will work on your behalf to negotiate better DSCR terms and rates.
Dylan Jeluso
Is Getting a GC License Worth It for a New Flipper?
28 November 2024 | 14 replies
Experience, licensing, etc are all things lender will take into consideration when evaluating a deal and the more you can show the lender the more comfortable they will be and can often result in more competitive terms, etc
Andrew Steffens
Credit Card Points Hacking
6 December 2024 | 36 replies
@Paul Cox @Sarah Kensinger There is a lot to it obviously but one newer trick I learned is a site called seats.aero where you can put in your origin, destination, and dates and it will return a lot of results across all rewards programs.Using the above example I am actually flying on United but I booked through Aeroplan (Air Canada) which is a partner of United.