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3 August 2024 | 3 replies
Please be gentle; I'm new at this and it's pretty complex :)Structure / Legal Details- we'd establish market value through a combination of comps from local real estate agent and an appraisal- attorney would establish all required "arms length" aspects including a mortgage at a minimum standard federal rate- LLC would pay us back based on a standard promissory note over 30 yrs Pros of selling to the LLC (I think)- A sale now would be the only time we'd be able to take advantage of the cap gains exclusion on this house bc we won't qualify for the "live there 3 of 5 years" rule due to the timing of our lease and our last time of residence.
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2 August 2024 | 10 replies
Nail holes need to be filled where tack strips where, but ripping the staples from the hardwood resulted in several rough spots that need to be sanded down.We have no experience with hardwood refinishing- what are our options to avoiding a full scale hardwood refinish?
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31 July 2024 | 11 replies
The attorney I consulted felt if I had closed then found the issue that I should collect full cost of the non-disclosure.
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2 August 2024 | 4 replies
In short, not really.I set up a system with direct to tenant meter billing to avoid the overhead of a relationship with an EV service provider.
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30 July 2024 | 3 replies
I am new to indianapolis market, looking to build my team and maily need good investor friendly agent right now. my goal is to buy here around 5 assets a year for rental, in the price for about up to 150K cash per property.Thanks in advance for the answers :)
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2 August 2024 | 0 replies
I found the deal with my real estate agent on Zillow.
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2 August 2024 | 5 replies
Hello,I have 2 full time STVR Properties that have substantial home equity ($400k each).
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31 July 2024 | 9 replies
The only issue I have with that is I will need to front all the cleaning services for the month going forward.
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1 August 2024 | 16 replies
Doing it this way you will have to be putting alot of trust with Agents, GCs and anyone visiting the property for you.There is a lot of local and out of state investors who are currently buying the low inventory.
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2 August 2024 | 1 reply
It’s important for “full disclosure”