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10 May 2024 | 1 reply
When we sell and roll proceeds into separate 1031 projects how is the mortgage boot calculated?
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10 May 2024 | 23 replies
When time comes to sell, how does a 2005 house sell compared to a 1975 house with all new upgrades?
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10 May 2024 | 9 replies
They sell you a property and their done.
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10 May 2024 | 1 reply
What similar properties in the area are selling for, etc…).Gain does give you stock basis, if you were to sell or dissolve the first LLC, so there may be benefit of doing this transaction in the same tax year to ‘link’ gain and loss.
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9 May 2024 | 8 replies
You keep track of all of your real estate related transactions (date, amount, vendor name, purpose, property identifier) and then create a pivot table from this data to quickly create a rough Profit & Loss Statement.
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10 May 2024 | 7 replies
second question I saw there is 20 acres of land across the street for sale and was wondering if I should grab it and subdivide a few acres and sell or rent out to get my money back?
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10 May 2024 | 22 replies
Also, Can I use the plan to cash purchase properties, then sell them back to my LLC and put the profit back in to the 401(k)?
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10 May 2024 | 19 replies
The fall/market market tends to favor investors a bit more, as the common homeowner isn't selling during that time unless they have to.
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9 May 2024 | 15 replies
Get more quotes if you go this direction.But first, you need to identify what is really causing this problem.
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8 May 2024 | 0 replies
Furthermore, understanding the resident characteristics allows me to measure the target market and modify my investment strategy accordingly.Inspection ChecklistSituations vary from one property to the next, but here is an on-site inspection checklist to get you started:Interior Units:Inspect vacant units, including one of each finish out type (Classic, Reno, etc.).Check all down units.Inspect one unit from each unit mix.Exteriors:Landscape:Look for overgrown bushes.Identify trees that need trimming (no branches hanging over the roof).Take pictures of the following:Curb appeal on all sides facing the street.Landscape around the office and amenities.Overgrown bushes or trees.Any dead landscape.Areas that may need sod or mulch.Assess drainage:Ensure water flows away from building foundations.Check slope, gutters, downspouts, surface drains, French drains, etc.Exterior Walls:Determine the existing material (wood, vinyl, Hardie, brick, stone).Assess the condition of the walls.Note if painting is required.Take pictures of each building, including building number, each elevation (clockwise), and any breezeways or niches.Windows:Evaluate the condition of existing windows.Consider whether solar screens should be installed.Roof:Identify the type of roof.Assess its condition and age.Parking Lot:Check for potholes.Assess the need for restriping.Note whether the parking lot is concrete or asphalt.Evaluate drainage issues.Walkway:Look for tripping hazards.Assess drainage issues.Foundation/Gutters:Inspect for cracks in the brick.Check for separation in corners from fascia and trim boards.Evaluate drainage and identify poor drainage areas.Amenities:Identify possible improvements.Consider adjustments or additions that can enhance amenities.Talk to the Staff:Maintenance: Inquire about the physical condition.Office: Discuss current residents, delinquency, and potential changes to add value.Assess whether rents are too high or too low.Confirm rents and what is included/not included.Confirm other sources of income and associated charges.Confirm occupancy, pre-release, and vacancy numbers.Note: Maintain professionalism and avoid insulting the owner or broker, regardless of the property's condition.Keep in mind that investing in real estate is like solving a puzzle—you need all the pieces to see the big picture.