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4 March 2024 | 3 replies
At this point the value of the house is still increasing but not at the same rate as the previous years for a number of obvious reasons (high Interest rates, age of house, etc.) and at this point I'm not sure what my next move should be since I don't like having all that equity tied up in the property and borrowing against it (HELOC) doesn't seem like a good idea since banks seem to be charging even higher than "normal" interest rates because the house is not my primary residenceIt's been almost 2 yrs since a I moved out of the house and I know my time is running out before we'll have to pay capital gains on the property if we chose to sell it [unless I do a 1031 exchange of course] but wondering what other options I might consider.
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4 March 2024 | 4 replies
Would my wife be onboard with that idea?
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4 March 2024 | 6 replies
If the property can cash flow or has potentials for appreciation, it would be a good idea to do a cash out refinance and move on to the next property.
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4 March 2024 | 2 replies
The idea is for my sister and I to combine all three properties revenue, risk and maintenance in one LLC and pool the money to buy out the siblings AND keep separate deed/titles to our individual properties to do with as we wish after the 5 year buyout.
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4 March 2024 | 4 replies
It's also a good idea to open separate checking and savings accounts under the LLC's name for easier bookkeeping and tax filing.
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4 March 2024 | 14 replies
Here's one idea:1.
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4 March 2024 | 6 replies
Keep up the fantastic work, and feel free to reach out if you ever want to bounce ideas or discuss potential deals.
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2 March 2024 | 7 replies
And I don't know if investing in Albany is a good Idea.
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6 March 2024 | 18 replies
I think as the market continues to stabilize, we'll get a better idea of what our appreciation will look like over the next few years.