30 December 2023 | 8 replies
If you don't have much capital your best best is going to be house hacking a single family and eliminating your living expense.
23 March 2024 | 9 replies
The fact that with a Texas series LLC you can file ONE tax return for every sub LLC in the series combined, and operate out of ONE bank account, eliminates almost all of the “hassle” of utilizing a series LLC vs one regular LLC into which you place many properties.
30 November 2023 | 10 replies
To achieve this, you need a passive income that meets two requirements:Rents must outpace inflation: If rents do not outpace inflation, no matter how many properties you own, you cannot achieve financial freedom due to inflation continuously eroding purchasing power.Income persistence: Financial freedom requires that your income lasts throughout your life.Whether rents outpace inflation and how long the income lasts depends on the city where you invest.Start with an initial list of potential cities and then eliminate any city that does not meet additional criteria.
18 April 2024 | 10 replies
The mortgages and closing expense can be written off to eliminate the taxes as you want
18 February 2024 | 6 replies
Of course the time and monetary commitment would eliminate this from serious consideration for many people.
26 December 2023 | 28 replies
We just walk away thinking, well we just eliminated some of the competition today.
1 February 2024 | 14 replies
Without knowing the specifics of (1) your personal situation and (2) the particular property market conditions for the property market your property is located in and (3) the condition of your house, etc. it’s impossible for anyone to provide meaningful advice concerning whether or not to entertain this offer.Many states have standard contracts and procedures which have all but eliminated the need for an attorney when the sale of real property is done utilizing the “usual” methods of financing and ownership transfer.
17 February 2024 | 29 replies
Typically $300-500 it's a drop in the bucket, can save your buyer money, gives you confidence in your pricing and eliminates one stress of pending buyer financing.
4 January 2024 | 17 replies
If you were to rent it out and then do an exchange in the future you would be golden same reason people do live in flips that they owner occupy for 2 years to eliminate the taxes instead of just deferring them like a 1031 does To answer your original question.
16 September 2022 | 6 replies
By paying the full amount due now to redeem, you might make things more difficult... the title company might be able to get the tax sale voided and eliminate a bunch of interest.