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23 September 2024 | 13 replies
Everyone loves new stuff, all my new constructions rents well.
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24 September 2024 | 1 reply
This allows you to be able to indefinitely defer all of taxes on investment property, and use it to purchase larger or multiple investment properties.
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23 September 2024 | 15 replies
Knowing everything about your business, and subsequently managing all people involved, unfortunately, always rests on our shoulders.
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25 September 2024 | 4 replies
The issues is time reviewing everything, we'll need all your documents and if we see a number wrong we can't go into the tax software to see what went wrong, it would be a lot of back and forth.
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25 September 2024 | 12 replies
Quote from @Chris Seveney: @Joyce KimHELOC and home equity loan are not the sameEquity line of credit is a line of credit that let’s you withdraw up to specific amount and you can take less and pay interest on what you drawFor example if you had a $50k line of credit you may choose to use $20k of it and it is usually ten years where you can pay it off and draw moreA home equity loan is a second mortgage which is a fixed amount and paid off over a period of timeHELOC is better in my opinion but if you have no income it will be difficult to get approved even with the equity you haveCommon misconception people have is if you have equity you can just take it, that’s not the case the bank also wants to make sure you have the ability to repay it.Sorry, all the other posters are right.
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23 September 2024 | 6 replies
I got their first agreement signed from a notary in person but this time around I have multiple tenants that work all different schedules and it is difficult to get all of them together to do this in person.
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24 September 2024 | 2 replies
My investors are friends of mine however and will not be very active as i have informed them that i (as the general partner) will be making all the decisions.
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23 September 2024 | 6 replies
I hope to network with you all as well as maybe even do some deals together in the future.
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24 September 2024 | 1 reply
As a smaller investor, it's great to do all the data analysis with widely tracked metrics, but its also refreshing to hear the emotional and experiential data points from fellow investors as well.