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25 April 2024 | 7 replies
My investor brought in 10% of the down payment and we closed.
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24 April 2024 | 0 replies
Any wholesalers out there having a hard time closing deals?
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24 April 2024 | 2 replies
Should be subtitled, "Sometimes It's Better To Be Lucky Than Good"30 years ago I closed on my first real estate deal.
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24 April 2024 | 2 replies
Upon the sale of the condominium, the capital gains on Person C's sale would be calculated as follows:A. 33.33% of the sale price minus the original purchase price to account for the interest acquired via quit claim deed on July 7 2015.B. 16.66% of the sale price minus the stepped up fair market value on 11/17/2020 as capital gains for the 16.66% remainder interest acquired on 11/17/2020 from Person A.C. 50% of the sale price minus the stepped up fair market value on 01/17/2023 as capital gains for the 50% remainder interest acquired on 01/17/2023 from Person B.Total Capital gains would be the sum of items 3A, 3B and 3C above minus any allowed deductions, such as the home sale costs (closing, repairs and so on).As an individual owned rental property, upon sale the only way to avoid the capital gains would be to do a 1031 exchange and then hold the new property that is purchased for approximately 3 years before selling it.
24 April 2024 | 5 replies
The 2nd distribution is close to what they forecast for the preferred return.
24 April 2024 | 5 replies
@Brian JasinskiYou could also speak to the seller, offer to put down an additional deposit, and see if they will extend the closing date by 60 days.
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22 April 2024 | 1 reply
All PG&E, SDG&E, SCE, and community choice aggregation residential customers — except for California Alternate Rates for Energy, or CARE, and Family Electric Rate Assistance or FERA, customers — will have to pay this tax, and it cannot be reduced or avoided, no matter how little energy a household uses.
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24 April 2024 | 11 replies
So, Escrow companies are the intermediary that handles things so the "closing" happens swiftly and legally.
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22 April 2024 | 17 replies
Operate honestly even though it won't always be the easiest choice and that you won't always get that in return and you will have nothing to second guess or regret later.
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24 April 2024 | 6 replies
So, I use it to close cash in a few days and then refinance the property, or fix and flip it.