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30 December 2024 | 10 replies
I appreciate the condo board’s efforts as a unit in a predominantly o/o complex is worth more to other o/o buyers, but it has to limit my buyers.
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4 January 2025 | 18 replies
So I started creating an on boarding system where I have recorded videos and documents and protocol of how to run business.
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2 January 2025 | 2 replies
Hi there,I own a handful of longterm rental properties in Chicago and have sat on an HOA Board for many years.
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4 January 2025 | 4 replies
Would I still be able to qualify for this?
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9 January 2025 | 5 replies
To determine price range, the first step is always figuring our how much you are pre-approved for; and that can vary significantly when you are looking at multi-unit properties because of the additional variable of rental income that can be included in qualifying.
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6 January 2025 | 5 replies
Credit score shouldn't be the primary driver of tenant approval, because if they could qualify for a mortgage they probably wouldn't be renters.
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10 January 2025 | 12 replies
Depending upon the Lenders if you qualify, you can get up to 100% in Rehab Financing and/or up to 90% LTV on Purchase Costs.
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8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.
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4 January 2025 | 1 reply
If you offer more $ for the property than the all cash offers AND you appear to the seller to be highly qualified in the method you are using for sourcing the payment, at some point your offer will be more appealing than the all cash offers.I don't understand why you would consider a 1031 for another property in two years.
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6 January 2025 | 3 replies
I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.