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Results (10,000+)
Rachael K. Legal to move into my 1031 exchange- Safe Harbor clarification- capital gains
5 December 2024 | 13 replies
If you move into a property acquired through a 1031 exchange and make it your primary residence, you may qualify for the capital gains exclusion under Section 121 (up to $250K single/$500K married) if you live in the property for at least two of the last five years before selling.However, gains attributable to the time it was a rental property remain taxable (non-qualified use), and depreciation claimed during the rental period must be recaptured at a 25% tax rate.
Roger Mace How to Know if You Have a Good Private Money Broker
30 November 2024 | 0 replies
A good broker remains transparent throughout the process, providing regular updates on loan applications, lender responses, and any emerging challenges.
James Kerson Tell Me Why My Discount Brokerage Idea Is Bad: Calling All Agents
10 December 2024 | 100 replies
Your argument on market motive, to be true, would mean Super-8's would be doing gangbusters, and there not.
Account Closed Sell and lease back home in Fort Myers FL
30 November 2024 | 0 replies
I’m not able to personally qualify for cash out refinances.I’m looking to sell my home located in Southwest Florida in a HOA community but want to remain in the home to lease- 3 years or more.Does anyone have experience with this type of program or have any suggestions for me on where to look to get this done.
Mike Tikh How to choose a location from the US?
2 December 2024 | 35 replies
However, I have no idea how to choose from the remaining cities, it seems there are a lot of potential options:- Midwest - Michigan (ie: Grand Rapids) seems to have options, also seeing Columbus Ohio and Indianapolis coming up- Reno - I've seen mentioned several times on here- Pittsburgh / Philadelphia / Twin Cities - All mentioned as lower cost to get started, and seem to be experiencing growthI'd ideally like to find a place that has strong potential for future growth, a diversified economy, and I don't mind living in (being close to nature would be a plus). 
William Salterberg How to spot R.E. offers on creative financing
30 November 2024 | 1 reply
To evaluate Real esteate deals for creative financing, start by identifying seller motivations i.e. financial distress, desire for passive income, do they need a downpayment on their next house, etc  and property factors like equity or existing financing terms.
Nate O. My 13-Year-Old son wants to learn real estate — What next?
5 December 2024 | 19 replies
Celebrate his progress to keep him motivated and engaged.Good luck!
John Postma A couple deals under my belt, but at a stand-still and need a coach/advisor.
13 December 2024 | 32 replies
Codie Sanchez will get you motivated, I just ordered her new book Main Street Millionaire, but have not read it yet.Sail with the wind, not against it. 
David C. CA AB2992: Allows buyer to walk away from buyer-broker agreement
29 November 2024 | 2 replies
.: I'm curious how CA agents can make a living with laws like AB2992 that state:"If the out-of-pocket costs to pay their agent remain too great and the seller and buyer have not yet reached an agreement on the sales price and/or terms, the buyer may walk away from the subject property provided there is an exit clause, proceed without representation, or approach the seller's agent about possible dual agency representation." 
Benjamin Spiegel Off Market Special Situation: 65K SF Class-A Mixed-Use Building from Forced Seller
30 November 2024 | 1 reply
Purchase price: $8,500,000 Cash invested: $3,450,000 This property was acquired from a motivated seller at a 20%+ discount to market value.