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9 April 2024 | 5 replies
Now, you still have to comply with all of the standard 1031 rules -- including (A) buying properties that are at least as valuable as what you sell, and (B) moving all of your equity from the STRs into the LTRs -- then you may still pay some taxes even with a 1031.
8 April 2024 | 5 replies
You can use a co-borrower just make sure they have good credit and a (2) year work history of W2 income.Try and avoid self employed co-borrowers because their tax returns typically do not show income and are full of deductions.
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7 April 2024 | 0 replies
At the time, I had no kids and had just sold a couple of my first self-done flips in the southwest, and was really ambitious about building a homestead somewhere green.
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9 April 2024 | 26 replies
The amount of concessions we’re asking don’t include the entirety of the things that were on the inspection report, we’re asking for about 17k in concessions.
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9 April 2024 | 13 replies
When you lose that lawsuit, the court will issue a judgment against each and every partner for the full amount of the damages (which can also include court costs and post-judgment interest and depending on the terms of your loan agreement, maybe even the lender's attorney's fees for the suit).
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8 April 2024 | 2 replies
If you're operating an STR out of an ADU (includes basement ADUs) you can only STR up to 120 days/year.
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8 April 2024 | 3 replies
I have a large team in the Philippines which includes appointment setters.
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8 April 2024 | 14 replies
I was also planning on paying cash for remodel but fix and flip supposedly includes this in their package?
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8 April 2024 | 16 replies
We made some adjustments to our pricing earlier this Summer 2022 to reflect some material pricing changes that we have seen.With that said, construction pricing can vary substantially based upon many factors including the project location, property type, specific SOW, material selections, contractors used, season of the year, etc.In fact, pricing can vary substantially from investor-to-investor and every investor will have different prices they use.
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7 April 2024 | 29 replies
I also like to "borrow" ideas and look at what amenities are most popular in that area so that I can include those amenities at my property.