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29 May 2024 | 15 replies
. - unless the property is a complete gut job we pay for a home inspection during our due diligence- we only hire GC’s.
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29 May 2024 | 5 replies
Also look at how much the house has increased in price-if it has increased a lot, you may want to sell it to avoid paying capital gains which will kick in if you sell it a few years down the road.
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29 May 2024 | 2 replies
To answer your original question about making it more palatable for owners....you need to pay them for the service of providing you with debt.
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29 May 2024 | 6 replies
I’ve never done a 1031 before and every Google search along the lines of “retroactive 1031 exchange” is about reversing the sale of a house you just bought, via a 1031.I’m talking about buying a house weeks before your old rental sells, and somehow having that whole transaction fit under one 1031 exchange.Last thing I would want to do is pay pay the new property’s downpayment in cash, and then turn around and find out it doesn’t qualify for a 1031 since I bought it before selling the first house, and then also having to go buy another house with the 1031 funds, and never recoup my own cash I used on the new rental.Hope that makes sense, I will be happy to clarify if it doesn’t.
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29 May 2024 | 10 replies
Look into ways to pay for it, check everything carefully, and figure out how much money you might make.
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29 May 2024 | 4 replies
You'll pay more than you think.
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28 May 2024 | 7 replies
Section 8 is a tool for landlords, NOT a cure-all.Yes, a landlord can sometimes get higher rent via S8 than they can from cash paying tenant, but only in Class C- and D areas.
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29 May 2024 | 15 replies
You would likely use the proceeds to pay off the HML, leaving you with a new mortgage (which you paid to get) and a HELOC payment (and possibly a residual balance with the HML).
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29 May 2024 | 64 replies
Worst case, you pay for the eviction and get rid of the headache.
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28 May 2024 | 1 reply
If they were paying market rent, things may be slightly more palatable.