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27 July 2024 | 4 replies
General BackgroundNewbie investorNo credit available (poor credit and repo due to major health issue).Multiple tax years of returns due (nominal to no income)Unplanned ownership from inheritance and Florida Condo Collapse.Need to do a 1031 exchange and avoid capital gains while trying to invest in my own residential property.ScenarioI have a paid off condominium property located in Florida.
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26 July 2024 | 14 replies
I would like them all torn off to the plywood and a new roof put on.
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30 July 2024 | 6 replies
He does this for mine for a low flat monthly fee and he really helps fill up the weekdays/off seasons and optimize booking revenue during the peak times.
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30 July 2024 | 18 replies
Then you need to qualify off their out of pocket portion ratio/their credit, you can also ask for past landlord references, etc.
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26 July 2024 | 11 replies
I’ll probably take a bit of a tax hit in order to 1031 without carrying the mortgage across.
26 July 2024 | 5 replies
To avoid all taxes you must purchase more than you net in the sale.
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25 July 2024 | 4 replies
Hello Everyone,In the next few months, I'll be in a unique position where I can potentially pay off my house.
30 July 2024 | 7 replies
They are not as scary as some make them out to be, you just want to be certain that you can regularly contribute to the principal of the HELOC/home equity loan (on top of your monthly interest only payments), so you can pay the balance off within a reasonable amount of time.
28 July 2024 | 25 replies
It is definitely possible to make it in any country but it does take time to learn all the various differences in taxes, legal and so on.