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26 July 2024 | 7 replies
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23 July 2024 | 7 replies
However I call one of them explained my situation, currently starting, getting to know the value and look for lenders, however his answer was not what i expected, he let me know they are looking for investors with money so they can help them...So I was wondering If you have any advise/opinion/comment on;Would the fist step be get to know to what financing amount I have access to, based on my employment and credit score?
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24 July 2024 | 1 reply
There is also one big issue with your tax projection - the taxes of $280 are based on the vacant land taxes and will likely go up to ~$2000-$3000 in a year or so when the assessor catches up with you.I realize there is a 1031 involved so a real estate purchase is necessary, but you should compare your ROI to a safe yielding instrument like a 10 year T-note or AAA corporate bond yield.
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22 July 2024 | 3 replies
My question is would you guys rather sell stocks and take a long term cap gains at 15% tax rate, or take a loan and keep the stocks growing.
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25 July 2024 | 3 replies
After doing the program for couple of deals, I find out it is almost impossible to make profit on doing Flip with their system, since they are providing these stuff:1.Sourcing clients with deals on Zillow, that is anybody can do that, you can't buy a property with very low prices2.Asking un-credited investors to borrow Hard Money Loan, I don't really think anyone don't have much experience should borrow Hard Money Loan, with balloon loan mechanism, it is basically teaching new-bees to suicide.!
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25 July 2024 | 10 replies
Probably not, because in some states would change the tax status of the property to Secondary which could be a red flag for USDA especially if they are the ones you are making the payments to, which is the case with USDA Direct loans.
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25 July 2024 | 19 replies
. $600 or so seems like short money to me if it actually helps.
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25 July 2024 | 4 replies
It's sell, take the 100k profit, your at 360k in the bank, VTSAX or money market and chill for a bit, see how this market/economy thing plays out, rates have to come down no one can afford at these rates, then maybe look to refi and get the rate under 5%.Also something to think about.....
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24 July 2024 | 4 replies
It's a bet on the future appreciation, maybe generates enough income in the meantime to pay taxes and insurance, chances are no cash flow.
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25 July 2024 | 2 replies
It's the best way to gain experience, work with buyers and make money while you're growing your business.