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1 February 2025 | 56 replies
Let's say things go wrong down the road, any profit from the Wrap has been spent of course, the DOS gets called.
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1 February 2025 | 3 replies
The majority thing about insurance is to protect the HOA from being sued and to protect HOA board members also.
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20 January 2025 | 0 replies
Conveniently located near major routes, this property blends modern amenities with rural charm close to Etna Pond.
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23 January 2025 | 0 replies
My mum currently lives there, she is 80 and not very well, but you would also become a tenant in common and as such if you had the time you could profit 100% from the transaction, as I need cash urgently and am willing to heavily discount the asset.I am wondering if there is a market out there where someone wants to get a foothold in the London market by buying my part of the property.
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26 January 2025 | 15 replies
Here are a few strategies to consider for funding a down payment:Partnering: Like Gregory mentioned, finding a partner who can contribute to the down payment in exchange for equity or a profit share is a solid option.HELOC or Cash-Out Refi: If you have equity in your home or another property, a home equity line of credit (HELOC) or cash-out refinance can provide the funds you need.Private Money: Reach out to friends, family, or private investors who may be interested in lending you the down payment with a promissory note.Seller Second: In some cases, the seller might agree to finance a portion of the down payment as a second mortgage.Live Frugally and Save: It takes time, but reducing expenses and setting aside funds from your income is a tried-and-true method.The right approach depends on your situation and deal structure, but a mix of creativity and resourcefulness can go a long way.
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24 January 2025 | 5 replies
If you don't have to own your own residence though, why not invest the money in a profitable investment elsewhere and rent in Japan?
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13 January 2025 | 10 replies
One of our parks is 60% POH and in my experience the only way that park pencils as well as it does is to get through all the major repairs, get the homes 'right' and then keep them 'right'.
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15 January 2025 | 10 replies
Philly, like a lot of major US cities, is very block by block.
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1 February 2025 | 13 replies
They need to add 25% in order to get the 20% for Overhead and Profit.
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20 January 2025 | 3 replies
A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.