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1 March 2024 | 2 replies
She can charge 0% interest but would still be responsible for taxes based on the government AFR rate which is around 4-5%So at $400k she would be responsible for $16-20k in taxesYou can have a title company originate the note and mortgageWe do this stuff all day long as investors (not attorneys) so happy to help
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28 February 2024 | 19 replies
(First Time Home Buyer / House Hacking)Hello BP Community, I’m based the Bay Area, Ca & have fix n flip experience in this market.
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1 March 2024 | 15 replies
Based on the research I've done, I believe we need a Bridge Loan.
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29 February 2024 | 6 replies
This perspective is quite common in the MF sector, especially where sales comparisons are largely based on the asset's condition and financial performance (NOI which leads to a cap rate).When comparing two properties with similar capital expenditure needs, the industry standard is to evaluate them based on a cap rate.
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1 March 2024 | 3 replies
Notably, last year saw an unusual surge in October, which traditionally had been one of the slower months, often trailing only behind September.Seasonal Trends Based on Previous Years:January - Recognized as a mid-season period, January experiences a boost from holiday spending that extends into the first 10 days of the month.
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1 March 2024 | 0 replies
I've been burned before so I'd rather walk away from a deal with a tenant like this, yet they seem like a very good candidate match based on their current portfolio.
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1 March 2024 | 4 replies
@Alex NgMost likely, income verification will be based on your tax return documents.
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28 February 2024 | 17 replies
I picked one of the $850 ones, naturally.
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29 February 2024 | 8 replies
I think you need a new accoutant, or else your financial situation is more complicated..A STR to me is still a rental....The nature of flipping is that it will be part of your ordinary income.
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2 March 2024 | 16 replies
Yes I still paid transfer tax based off of the assed value.