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21 February 2022 | 1 reply
I'd really like to network and find people with some experience, and it's a super-bonus if you've done deals via seller finance or sub-to...I am confident in my ability to acquire good deals, but I would really love some different perspectives on what to do with them once I've acquired said property.I've waited and learned, and waited and learned some more.
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9 March 2022 | 1 reply
Over the next 30 years I bought out my partner on generous terms (he drove a hard bargain) and it now has a net worth of over a million dollars.My point is that even without seeing the big picture and having a big plan for a life of real estate investing, even knowing what is and is not a deal and taking action can be very rewarding.
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21 February 2022 | 9 replies
I would offer the tenants a fair rent/lease agreement and if they rather don't want to accept it, offer them a move-out bonus.
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21 February 2022 | 4 replies
It ends up being a nice bonus to help them get started in life.
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28 February 2022 | 8 replies
And having extra cash to invest in a down turn is a bonus as well.The real question is how much you like these.
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24 February 2022 | 8 replies
Let's say you do have a taxable gain... if you place the new property in service in the same year, and have a good CPA, you should get enough bonus depreciation to offset that gain. 1031 exchanges are expensive and tricky, even before considering a reverse exchange or other complexity.
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23 February 2022 | 9 replies
Bonus points for grabbing a little equity or value add by targeting items on the market for a week or two and offering a little below market or finding something that needs minor value ad cosmetic touches.
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23 February 2022 | 4 replies
Even within depreciation there are different terms, so the 27.5 years applies to some items, shorter for others, bonus depreciation for others.
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23 February 2022 | 8 replies
. - 1975 build date should = copper plumbing, grounded wiring, modern breaker panels- 1000sq ft shop is a nice bonus.
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23 February 2022 | 0 replies
I will pay well and offer a holiday bonus.