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28 March 2024 | 7 replies
Since a Land Trust is nothing more than a pass through entity, meaning all profits and losses will pass directly through to the beneficiary, you can appoint that LLC as the beneficiary of the land trust, get all the tax benefits of having an LLC and get all the other benefits of the Florida Land Trust.
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30 March 2024 | 7 replies
I have received several off market duplexes in the last few weeks predominantly in north Nashville around the 350k range but they all needed some level of renovation.
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28 March 2024 | 9 replies
I'm at a $30k+ loss due to this property manager's negligence.
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29 March 2024 | 11 replies
The max Uncle Sam allows is 50k if you haven't taken a TSP loan in the last year.I've seen both good and bad experiences with this but at the end of the day it's no different from any other type of loan, you are just your own bank in a sense.The downside or risk is that you lose your job, your property isn't cash flowing, are unable to pay back the loan, and your retirement account suffers since the loan essentially turns into a withdrawal.The upside or best case is you have the loan for less than a year, your BRRRR pays off the loan, and you pay yourself interest 5% interest.The opportunity cost is if the stock market goes up 20% and you were only paying yourself 5% interest you'll miss out on the excess returns.
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29 March 2024 | 1 reply
On the eve of closing (last night), the escrow assistant informed us that we need to bring additional funds to closing due to two affidavits that need to be recorded in the loan package, for which the recording fees were not collected earlier.
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29 March 2024 | 5 replies
I had reached out to get signed on with our realtor last Saturday, called again on Monday and didn't get a response until this morning.
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29 March 2024 | 5 replies
It's already lasted 13 years...
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29 March 2024 | 1 reply
A contractor assessed the property last week but still needs to inspect the uppermost part of the roof for additional leaks.
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29 March 2024 | 13 replies
Another place, they remained the same for a long time and only last year did we see increases in prices (both for rent and buying).
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29 March 2024 | 75 replies
Overall, things have made a ton of improvement over the last 10 years and it's only getting started.