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2 February 2025 | 20 replies
I think 1) 10 years that includes recovery from GFC and the Covid pandemic is not a long enough duration2) I think for those 10 years, 100% is not that special3) I think many Midwest markets did not experience the appreciation you depict.There are Midwest markets that have pretty good long term appreciation but there are also many Midwest markets that have appreciation that has not historically kept up with inflation.
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11 January 2025 | 7 replies
The notice should include the date of termination and the reason for ending the agreement.
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17 January 2025 | 3 replies
The client will be solely responsible for capital gains taxes, including depreciation recapture, regardless of the agreement to share proceeds.
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15 January 2025 | 3 replies
Start by deepening your understanding of CRE fundamentals, including net operating income (NOI), cap rates, and lease structures like triple net (NNN).
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15 January 2025 | 6 replies
I’d also recommend getting a few quotes, including at least one from a mortgage broker.
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16 January 2025 | 15 replies
You must must disclose to the seller everything including that you are selling it to someone else and how much money you are selling it to that end buyer.
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13 January 2025 | 2 replies
On the lease, he'll pay me $100/m over my HELOC payment and all other expenses, including the refi cost, inspections, title work, etc...
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18 January 2025 | 9 replies
@Madison SloanTo start house hacking, focus on saving for your down payment, researching target markets like Salt Lake City or North Idaho, and building a strong team of professionals, including an agent and lender.
14 January 2025 | 7 replies
It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?
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14 January 2025 | 2 replies
The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.