Kristen Haynes
How To Avoid Capital Gains Taxes On Your Personal Home Sale
31 March 2024 | 4 replies
But most people are not walking around with huge unrealized capital losses.”Capital Gains Tax Strategies for Those Planning to Sell in 2024If you’re planning to sell your home in 2024 and believe you may have a large enough gain to trigger a capital gains liability, you can consider these three strategies:Tax Loss HarvestingThis involves the sale of securities at a loss to offset capital gains taxes owed on profits, says Paul Miller, CPA, founder of Miller & Company, an accounting firm based in Queens, N.Y.
Jacob Straussen
life insurance - need multiple brokers?
29 March 2024 | 5 replies
if all the companies they reach out to on my behalf are going to quote the same thing, then I'm guessing it is not necessary to speak with different brokers?
Mike Gratzmiller
Buying Points Down
30 March 2024 | 24 replies
I was just informed from my mortgage company that in their eyes a point = .125 so if my rate is currently 6.375 buying 1pt would drop it to 6.250.
Alex Ng
Using private money for Creative financing deals
30 March 2024 | 11 replies
It depends on the deal, but what we did was give the PMP (Private Money Partner) 50% equity in the property to fund the entire entry fee.Thats not necessarily a rule of thumb.This to me is a sliding scale based on the Cash on Cash return you can expect.Further , we offered our partner 75% of the cash flow until they are paid back in full, then the cash flow return drops down to 50%.All liabilities would also be split 50% with this partner.We called the company we use , who establishes our LLCs, opened an LLC, wrote up an operating agreement and a JV agreement that outlined all of our responsibilities for the asset.
Scott Forbes
Clayton County, GA / Evictions are a Nightmare!
28 March 2024 | 13 replies
Fox 5 news reported on this in September 2022:https://www.fox5atlanta.com/news/court-backlog-prevents-clayton-county-landlords-from-evicting-tenantsMy tenants ceased paying rent in August 2022.
John Marlin
Better accounting systems for new year?
28 March 2024 | 6 replies
What are some suggestions for better systematizing a small portfolio, to where we’re not doing it all manually, and we can have reports to better assess where we’re at throughout the year?
Tim C.
Moses! Can a bank actually do this???
28 March 2024 | 10 replies
A bank can't extort a tacked-on higher interest rate if a borrower won't agree to new terms...terms that would now require unnecessary documentation and hassle.Here's excerpts from their letter to commercial customers I got last week, on company letterhead.
Christopher Holt
Commercial General Appraisers!!!
29 March 2024 | 4 replies
For context, I have a business degree in marketing (not good I know) and work for the biggest single family rental company in the US doing entry level customer service.
Chelsea Allen
LLC formation and loan
30 March 2024 | 8 replies
This may be your best bet as it lets you hold off on formation, but its important to make the title company and the lender aware ahead of time so they can update title and prepare the loan docs with the correct entity name.
Travis Hatch
Looking for an electrician in Denver (aluminum wiring)
30 March 2024 | 16 replies
Al wire has a much higher chance of causing a fire than copper which is why insurance companies don’t like it.