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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 | 15 replies
If the numbers broke even at 3.5%, investors would be flocking to buy that property putting 20% down.House Hacking is about the long term gain.
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3 August 2024 | 10 replies
VELOCITY OF MONEY is something that has taken me a long time to learn...closing jobs out (Even at additional cost) and getting to the next one is more important for us NOW after having some old projects suck the life out of us.The fact that the county is threatening to take away the general contractor's license honestly SOUNDS ABSURD!
1 August 2024 | 125 replies
We don’t accept major felonies against people or property within the last 5 years.
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31 July 2024 | 4 replies
How long did it take you to get rental assistance funds from the state?
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2 August 2024 | 10 replies
The floors I see in that last picture especially look fine to me as-is for a student rental.
3 August 2024 | 13 replies
In the last 12 months, my company (LLC, sole owner) did over 1.2m in revenue, and i have cash to put a good % LTV down.
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4 August 2024 | 4 replies
The drive down from the norther parts of Lake Lure, for example, is a long, slow, twisty pain in the neck.
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31 July 2024 | 4 replies
hola, cool. how long have you been living in Peru?
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1 August 2024 | 23 replies
For example, you can buy a $50,000 house that will rent for $1,000 a month, but it will also experience significant tenant problems, expensive turnovers, long vacancies, and other costly problems.