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26 April 2024 | 14 replies
@Stuart Tollison, no matter what the market is doing there are always good deals out there.I mainly invest in Utah County but I have rentals in six different counties in Utah.Here is what I have learned:1.
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25 April 2024 | 8 replies
It is different than simple LTR or STR.
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25 April 2024 | 8 replies
So now myself, along with every other land lord I'm sure, will be raising rents to cover as much of the difference as possible...
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25 April 2024 | 15 replies
This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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25 April 2024 | 16 replies
However, time in the market makes all the difference in the world!
22 April 2024 | 3 replies
This is not rural, it is in Texas and the immediate area is experiencing rapid aggressive growth.
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24 April 2024 | 2 replies
Hey John, To break it down for you: Capital Gains Calculation:For the 33.33% Interest Acquired via Quit Claim Deed (November 7, 2015): This portion of the gain would be calculated as the difference between 33.33% of the sale price and the original purchase price of $52,700.For the 16.66% Remainder Interest Acquired on November 17, 2020: This portion of the gain would be calculated as the difference between 16.66% of the sale price and the fair market value of the property on November 17, 2020 (the date of Person A's death).For the 50% Remainder Interest Acquired on January 17, 2023: This portion of the gain would be calculated as the difference between 50% of the sale price and the fair market value of the property on January 17, 2023 (the date of Person B's death).Consideration of Home Sale Costs: Deducting allowable costs associated with the sale (closing costs, repairs, etc.) from the total gain to arrive at the taxable capital gains amount.1031 Exchange as a Means to Defer Capital Gains: You're correct that a 1031 exchange could be utilized to defer the capital gains taxes.
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26 April 2024 | 40 replies
Everybody gets started a little different than the next person.
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24 April 2024 | 16 replies
You will meet people from different walks of life that will give you different perspectives on real estate investing.
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25 April 2024 | 6 replies
Does the difference in revenue justify doing it?