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1 March 2024 | 10 replies
Hey BP community, I'm a newly licensed realtor looking to gain insight from those with far more knowledge and experience than me.
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1 March 2024 | 3 replies
So, for example, if you’ve managed to secure possession of a self directed IRA or Solo 401k, with a large amount of capital in it (through Roth gains perhaps), you can purchase your real property, notes etc. through a series LLC owned by the retirement account.
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29 February 2024 | 6 replies
Charlie - are you looking to gain knowledge or give it?
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28 February 2024 | 4 replies
But it will still allow you to afford a SIGNIFICANTLY higher price point than if you did not house hack.So, if real estate appreciates 5% per year, then a $500,000 property will have $138,000 in additional value after 5 years.
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1 March 2024 | 26 replies
If you bought well and have equity, you haven’t lost you have just switched your gain from cash to equity, with the interest rate-the cash drain being the rate of your return.
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28 February 2024 | 7 replies
Additionally, purchasing at a lower price due to high interest rates could also be a strategic move in the long run.
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29 February 2024 | 4 replies
I owe $454k on the mortgage and after realtor fees/closing costs, i could net $200k with no capital gains tax.
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1 March 2024 | 97 replies
It makes sense (to me) for one's mentor to stand to gain on an equity basis, because for someone like that, that's their opportunity cost.
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29 February 2024 | 18 replies
In addition to that I love accounting and tax and love helping people and pointing them in the right direction even if our model isn't a fit for them hit me up any time!
1 March 2024 | 10 replies
The way I got around it was I had capital that I could use to payoff the load and then the bank issued a new loan for the BRRRR amount, which I then got my capital back plus the additional capital based on new ARV.