
6 January 2021 | 5 replies
He might have some policies which hurt business, but like the stock market, I too am bullish on his overall impact on the economy and real estate.OVERALL ECONOMYStimulus: with Democrats in power, we can expect to see more COVID relief, stimulus checks, small business relief and faster COVID control - all of which will help the economy in the short term (sidestepping any discussion of long term debt increases)Infrastructure spending: most presidents promise this, but few deliver.
8 January 2021 | 7 replies
The shorter term means less cashflow but you build equity faster and pay less overall interest.

15 June 2021 | 11 replies
It took me 9 years of buying properties to replace my salary with rental income, which I’m happy about it and own a lot of my properties free and clear now, but could have achieved my goal much faster if I embraced good debt and went bigger earlier on.
8 January 2021 | 2 replies
Would you take out a mortgage on your rental property and continue to takeout mortgages on different properties OR pay the rental in full and use the tenants rent to pay off your HELOC faster?

3 February 2021 | 23 replies
Yes, appreciation is also happening, but if it is substantial, I would always opt to use the equity to borrow more money and buy more properties to get to the Time Freedom Point faster.

7 January 2021 | 8 replies
I joined just because I needed a part time friendly option and found so much value, community, collaboration, and opportunity for growth that it's moving me toward my goals faster than before.

8 January 2021 | 4 replies
Elimination of real-estate tax breaksThe Biden tax plan would:(1) eliminate the $25,000 exemption from the passive loss rules for rental real estate losses incurred by middle-income individuals, (2) eliminate Section 1031 like-kind exchanges that allow deferral of capital gains taxes on swaps of appreciated real property, (3) eliminate rules that allow faster depreciation write-offs for certain real property, and (4) eliminate qualified business income (QBI) deductions for profitable rental real estate activities.

8 January 2021 | 5 replies
It will not only eliminate / drastically reduce the average American's biggest expense (housing), but position you to save exponentially faster.

8 January 2021 | 5 replies
. - eliminate the $25,000 exemption from passive loss- eliminate section 1031 like-kind exchanges that allow deferral of capital gains- eliminate rules that allow faster deprciaion write offs (I assume this is geared toward killing oppertunity zones)- eliminate qualified business income deductions for profitable real estate activity- elimination of basis step-up for inheritance I wanted to see if anyone is planning to make any changes or take any specific action mitigate any of these?

14 January 2021 | 10 replies
I'm biased to this because I'm a lender myself so I will say better to contact a loan officer because the service you will get will most likely be a lot better and more importantly faster (rates are going up like crazy specially in the past few days).