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29 April 2024 | 0 replies
New large investment in equipment: Current-Year deductions are neededInvestment gains need to be offset1031 ExchangesTypically when you sell a property, it will be a value higher than what you paid for it, thus you will incur capital gains tax.
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29 April 2024 | 3 replies
Can you recommend a paid platform that has this option?
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29 April 2024 | 13 replies
If not, then try DSCR which will be more expensive.
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29 April 2024 | 10 replies
Savannah will likely be more expensive, but will also appreciate more.
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30 April 2024 | 43 replies
Even if you're still paying for some of the expenses out of pocket, you've most likely drastically reduced your cost of living by eliminating most of if not all of your mortgage, property taxes, and/or insurance.
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29 April 2024 | 2 replies
Thus far, permits are paid for and approved.
29 April 2024 | 7 replies
.: Subject To and Wraps are very similar and yet, very different.Subject To & Wraps share these characteristics You are taking over payment of the mortgage and transferring the property into your name You become the owner The loan does not get paid off The lender can and sometimes will call the Due on Sale You have to have money or credit to solve a Due on Sale call They are used when someone doesn’t have much equity and doesn’t want to pay a real estate agent They are used when the seller wants to sell fast They are used when the property isn’t really a good candidate for the MLS because of the condition of the property They are used when It’s a unique property and it’s hard to find comps They are used when it’s a distressed situation that needs to be resolved They are used when the monthly payment is below market rate (that means it cash flows) They are used when the seller wants to avoid the hassles of listingSubject To & Wraps Differences In a Subject To, NO new mortgage is created.
29 April 2024 | 1 reply
Original plan was to build 3-5 years down the road, but now with the lot fully paid off and significantly appreciated, I would like to use this equity to kickstart real estate investing into cash flowing properties.
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29 April 2024 | 7 replies
Just make sure the agent gets paid as laid out in the contract, and if you like the relationship you have built with the agent, use them again and again.
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30 April 2024 | 20 replies
It's a great way to remove what is your biggest expense (housing).