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13 August 2018 | 4 replies
Owner occupy what and what for what purpose - refinance, certain loan products, etc?
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10 September 2018 | 4 replies
On top of that the properties I have seen were all overpriced when compared to the comps being sold elsewhere.
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16 August 2018 | 1 reply
Hi Betsy,Williamsburg is fairly diverse with the majority of properties leaning toward the higher end as compared to Newport News and Hampton.
18 September 2018 | 9 replies
Honestly, one way to go about this process is compare what you have to the PAR Standard Agreement of Sale.
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21 September 2018 | 13 replies
I am curious if any city in San Diego county allows ADUs in non owner occupied properties.References are below:San Diego: https://www.sandiegocounty.gov/pds/zoning/formfields/PDS-611.pdfOwner-occupancy of one of the dwellings is required for the duration of use of the ADU for residential purposes.
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20 September 2018 | 7 replies
Those who are self-employed (wholesaling generally qualifies) can get the additional benefits of the Solo 401k including: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)
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23 November 2018 | 3 replies
At this point I’m looking to take out some capital and use it for investment purposes, hopefully in the next month.
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7 April 2020 | 14 replies
@Jack B.Three scenarios: 1) If you reinvest- yes it is traced to that activity and deducted2) if you use it for personal use - non-deductible3) if you hold on to it on your LLC account/ books, but dont reinvest - it can be argued that you are holding on to that money for future repairs and stuff and you refinanced/mortgaged because the interest rate was super low compared to what coming in the future.
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14 August 2018 | 8 replies
Not sure how it compares to the other areas!
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14 August 2018 | 5 replies
Originally the purpose of purchasing this house was NOT to use it as a rental or to produce significant cashflow.