
27 June 2024 | 1 reply
The owner was going through a divorce and had an SBA loan that he was behind on paying.

26 June 2024 | 2 replies
The rate, the sale pay the closing cost and the grow of the area What was the outcome?

26 June 2024 | 11 replies
Also, you will pay ordinary income tax on whatever gets distributed to you from the inherited IRA, so the $100,000 you are talking about "pulling out" from the inherited IRA (assuming you mean as a distribution) will be taxable ordinary income this year.However, you do have the option to invest the inherited IRA in real estate with a self-directed (inherited) IRA.

25 June 2024 | 2 replies
Obviously there is a lot to discuss on this topic, but for a very quick glance, here are a few pro's and con's to consider when thinking about section 8 rentals:Pros:Guaranteed Rent Payments -> The government pays a significant portion (if not all) of the rent directly to the landlord, providing a reliable and steady income stream.High Demand -> There is often a high demand for Section 8 housing, reducing the risk of long vacancy periods.Cons:Inspection and Compliance -> The property must pass an initial inspection and comply with health and safety standards set by the local housing authority.

22 June 2024 | 4 replies
The thing is, she has until the 2nd of July to pay her back taxes, and if she is unable to pay by July 2nd, she will have to file for tax bankruptcy.

26 June 2024 | 10 replies
Regardless of the real estate type, I think it’s more productive to just make $600k a year in your job and get some great properties in great locations, enjoy the tax savings, and let time do its thing with appreciation and mortgage pay down.

25 June 2024 | 9 replies
Why are you trying to pay $99/month when you can just go to in-person meetups and 10x the experience in 1 hour?

26 June 2024 | 4 replies
Requiring renter's insurance (separate from your property insurance) is also very important since they typically would not have the cash reserves to pay for a major damage such as water damage, ruined floors, fire/smoke damage, and you will be sued by 3rd parties if something happens to them while at the house if they have to go to the ER.

26 June 2024 | 1 reply
This ensures you’re not being overcharged or paying for unnecessary work.

22 June 2024 | 1 reply
I will assume his loan and he pays me his mortgage, plus a little extra.