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7 August 2024 | 3 replies
Is anyone aware of any companies that purchase remainderman interests in properties or any experience on who I should approach on selling my interest?
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6 August 2024 | 0 replies
Most importantly, be open to constructive criticism and feedback.Identify and Set Goals - One of the most important ways to be successful in your role is to identify and set clear, specific goals for yourself as well as your team.
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8 August 2024 | 4 replies
Their personal income doesn't support the purchase, but the income from the property makes the deal work. 2.
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6 August 2024 | 12 replies
The biggest piece of advice for the first property you purchase is make sure it's a good one!
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8 August 2024 | 12 replies
We lived in it for a year, remodeled both units and put in place a long-term tenant on one unit and a mid-term tenant on the other.Here's a little more details about this deal:* Purchase price: $163k* Financed price: $132k @ 7.625% APR* After repair (estimated value): $225k* Gross rents: $2150 ($750 one year lease & $1400 six month lease)* Annual taxes and insurance: $7000* Approx credit score: 650 (I used interest free credit card to pay for remodeling this property and maxing it out caused my score drop almost 50 pts!)
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7 August 2024 | 15 replies
From there I was able to pursue other strategies, including purchasing my primary residence.
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5 August 2024 | 5 replies
As long as you purchase at least as much as 75% of the net sale.
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9 August 2024 | 16 replies
@Dane ReynoldsI've moved out of my homes more than once, then rented it out, after living in it a number of years, and my CPA's always depreciated it on the basis of the original purchase price.As far as improvements, I did not do cost segregation, so it was added to the original home price.
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7 August 2024 | 12 replies
My goal is to house hack my first home purchase.
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7 August 2024 | 1 reply
I have purchase properties in Texas with foundation problems that would make people run in fear in other parts of the country.