28 October 2021 | 6 replies
I have rental property, which I want to sell, but ....gain taxes.In my case it is exeptionalyl painfull, because I obtained this propertyas the part of divorce settlement and I am older person now.I already spent a lot of money for professional consultations, it helps but not to the end. ( lack of preperation from my site)I am in the process now to educate myself , as much as I can about 1031 exchange option.I want to be able to ask right questions during next expensive meeting with the lawyer orCPA.What I am looking for over her, for precious help....I am looking for recommendation of the websites which offer help with 1031,and this is their business,they do not require the client to be accredited investorthey provide the listing of properties for saleand what very important, they provide at least closely estimated analysisof the deal. ( price, rent amount, property taxes, other costs etc)After my investigations , I am the most interested in rural California,or Atlanta Georgia, or Charlotte North Carolina.During my searches I found website of type I am looking for, I think it was Atlanta,their listing was very limited, but provided this analyse.but I did not save it ( did not realized how preasure it was) and can not find it again.So please, if someone went through 1031 exchange process, please share the websideswhich helped to find the right property, even better if they manage rentals.My case is so pityful, so the cost to even higher limits is wort it.Thank you very much evaP.S:My expectations, with flexibilityTo have at least 600k from the saletake 120-150 k cash ( pay taxes on this amount)Invest in 2 sigle family housesTo have close to 2k cash flow from the rentpossible ?
28 October 2021 | 9 replies
You might get several quotes to see the variation but also look for a strategy to limit the scope.
22 October 2021 | 4 replies
Garage no permit has no value, and may limit type of loan you can close.
22 October 2021 | 3 replies
Give them a limited time to sign the new lease.
23 October 2021 | 1 reply
You've done well, William..I don't sell after a target appreciation % is reached, but when a headache limit is (like 4hrs away) or when I can make better use of the equity or to pay off maturing debt on an asset I'd rather hold.
26 October 2021 | 8 replies
If your policy changes to Actual Cash Value (ACV) the overall limit will be lower and the premium should also come down.
22 October 2021 | 3 replies
For instance, I see 1 car garage homes going up, this is insanely foolish unless this is limited by the lot size or other parameters.
25 October 2021 | 16 replies
I’m looking at affordable markets such as Columbus OH (any other market suggestions welcome) because my down payment and rehab funds are limited (hoping to stay at around $40k) and I’m hoping to do a cash-out refinance to get more cash to invest.
3 November 2021 | 21 replies
REI is sexy again, so more people want to do it and we all have access to basically the same information, chasing the same limited inventory.
25 October 2021 | 4 replies
The best way to make the numbers work is to limit the work to cleaning, paint and carpet and avoid expensive projects like roof, windows, replacing plumbing and electrical systems, driveway etc - as these take huge amounts of capital, but will typically not drive up the ARV by much.