14 October 2020 | 1 reply
@Michael Payne there is not set amount that is normal, but in my market you normally will pay in the 5-6% range for a full service agent.
20 October 2020 | 5 replies
Normally its sold under personal name, but I will have more than 1 property closing and don't want to jump tax brackets and pay more taxes, so I am considering creating an LLC and transferring the property into that and then selling it.Any downsides/negatives to this route?
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14 October 2020 | 7 replies
If you are buying a distressed property, you normally take it as-is.Give her two options.
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22 December 2020 | 17 replies
As noted earlier, this would not be a "normal" 401K distribution, as my husband and I qualify for the special CARES Act (Section 2202) that allows us to replace the funds with no penalty and all taxes reimbursed.
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25 October 2020 | 8 replies
Because of that, investors normally have to pay a premium to buy REIT stocks, which means that they have to pay more than the net asset value of the properties owned by the REITs.
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15 October 2020 | 43 replies
I did real estate school online at night after my normal job, and eventually got my license 3 months later.
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19 October 2020 | 8 replies
So they're asking more than what you think it's worth, but with a lower down payment than the normal 20% (which would be 35k).
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14 October 2020 | 3 replies
WE ARE NOT ACCOUNTANTS, so any discussion about our tax strategy on this one is based on guidance that we have received for ourselves – we strongly suggest that if you are interested in understanding these strategies that you consult with an accountant.Issues: we did not understand the financing structure for this transaction, our purchase price was $60,000 and our lender agreed to finance 100% of our renovation, but in order to do so they increased the amount of cash we had to put into the deal from $30,000 to $44,000… Normally this would not be a problem BUT since we purchased 44 Blanchard St. all cash, we definitely felt cash flow pressure.
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14 October 2020 | 7 replies
You may hire a plumbing company to run the camera if you wish, normally that costs around $200.