26 October 2018 | 5 replies
However, if your profit (the difference between your adjusted cost basis and net sales price) is greater than $345K then you would have some tax savings.
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27 September 2019 | 8 replies
What marketing techniques/venues do we use to find prospective tenant buyers who will ultimately be able qualify for a $285,000 mortgage and pay from $1800 - $2000/month lease payments.
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25 October 2018 | 7 replies
As it's my understanding AZ is a community property state, you could treat the 50-50 husband-wife LLC as disregarded and file Sch E under Rev Proc 2002-69 instead of a 1065 to save compliance costs.Talk to your tax CPA/EA and attorney.
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5 March 2021 | 2 replies
Being an electrician by trade can come in very hand and save a lot of money.
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16 August 2019 | 25 replies
Saving 24k didn’t seem worth it.
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27 October 2018 | 4 replies
A small (6 unit) MF deal ( in a market I am very familiar with) that will need financing and will ultimately cash flow a small, but decent, amount.
26 October 2018 | 2 replies
Remember, you won't need a real estate agent to sell to the Lease Optionee (You will use an attorney & save a ton of money) so that saves you about 6% in selling costs.
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27 October 2018 | 8 replies
However, the realtor told me that I can only buy multifamily if I have 20% down.Looking at the current mortgage rate (close to 5%), I am indeed a little bit cautious if I decided to buy a house (SFH or MFH).My game plan now is to save up my money for the next 12 months, so that I have enough principal to put 20% down for a property while learning real estate investing concepts since I am very new to all of this.May I ask what do you all think about this strategy?
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11 January 2020 | 81 replies
I suspect many landlords will appreciate a tip that can save them a trip to the bank.
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26 October 2018 | 2 replies
With only 10K the fasted way is like to drastically modify your life style to embrace the frugal and save every penny going forward until you have enough for a DP, closing costs and a reserve fund. $10K after closing costs and holding back a reserve fund will leave you about $5K for a DP.