Kevin S.
Use up retirement account for REI or non-retirement account first?
18 April 2024 | 4 replies
This is since 1) there's no penalty for age so it doesn't matter when you use it 2) the longer the retirement asset exists the more chance it has to grow tax deferred or tax free 3)if you are retirement age then using your personal assets first will likely place you in the lowest possible tax bracket when you start drawing those funds.
Steven Gough
HELOC on Investment Property
18 April 2024 | 5 replies
If your income is strong and taxes are accurately reported, you have a shot. 90% of investors write off more than they make so this upside down calculation is what causes the average person to qualify for HELOCs.
Ashley Tarver
1031 like kind exchange requirements
18 April 2024 | 3 replies
You can not 1031 exchange a personal residence.
Melissa Hunter
getting leads for wholesaling
18 April 2024 | 5 replies
Usually the person in charge of marketing will do this for you and will add you to a mailing list.
Steve Saenz
Private lending documentation advice
18 April 2024 | 8 replies
Your friends might not want or need this, but if you go to an institutional lender, this is what they'll ask for...GUARANTOR APPLICATION: Each owner of the Borrowing Entity will need to complete some sort of application on themselves personally.
Mahmoud Y. Elhalawany
Are short term vacation rentals illegal in Greensboro NC?
18 April 2024 | 9 replies
Someone familiar with your city will respond, where as the Starting Out forum has a slim chance of catching the eye of the right person.
Kristi Tietz
Question regarding short term EMD lending or “gator lending”
18 April 2024 | 54 replies
I could see this being useful in a BRRRR scenario, but in that case you could be looking at a much longer term loan than 30-60 days, especially given supply chain issues and the uncertainty of the person being able to qualify for the cash out loan as rates continue to climb.
Don Konipol
Thoughts on “subject to” deal making
18 April 2024 | 15 replies
So my thought on this is that I wouldn’t (personal preference) engage in a subject to transaction with anyone other than an experienced investor on the other side of the transaction.
John Underwood
The state of Hawaii may ban all STR's
18 April 2024 | 15 replies
Plus a lot of general public started doing that which is the signal for the end... kinda like a good night club going down hill.Moreover, the tax implications for vacation home rentals vary based on how often the property is rented out and used personally.
Sam Booth
Curb Appeal Ideas?
18 April 2024 | 19 replies
Choose a bold color that complements your home's exterior and adds a pop of personality.