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26 March 2024 | 3 replies
Hi all,I need to open an online bank business banking account for a rental property, what do you all recommend Nolo / Bluevine / Baselane / something elsepros and consappreciate all the feedback.Thank you
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26 March 2024 | 4 replies
Even if someone on BP told you "this is what I think", I would not tell him that, I would advise him he needs to talk to his accountant.
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26 March 2024 | 25 replies
Savings accounts and treasury bonds are paying decent interest rates right now, so if OP needs a year to save up more he actually has options for the first time in years.
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26 March 2024 | 0 replies
Welcome to a realm where data intersects with destiny painting stories of resilience, progress and endless possibilities.Diving into Single Family Home TrendsIn February 2024 Palm Beachs market for single family homes embarked on a journey of strength and expansion defying expectations and embracing opportunities.Closed sales, serving as the pulse of the market saw an increase of 5.23% reflecting an atmosphere of hope and potential.
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26 March 2024 | 2 replies
In the meantime, I have adjusted your account to Pro Annual status with a complimentary entitlement.
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26 March 2024 | 9 replies
New Home: I would need to dump some of my brokerage accounts for the downpayment(so some capital gains taxes would need to be paid to finance the downpayment on the new house) or if I sold our "current residence(2nd home)" I wouldn't need to.I understand the tax incentive of selling within 5 years of living there for 2 years, however, the cash flow seems larger then what I would get taking the money and investing in new RE in the future.
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25 March 2024 | 3 replies
Next year my parents plan to sell two of their rental condos and exchange for a single family home that they will rent out to me.
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26 March 2024 | 10 replies
I'm guessing that would be something like 14% if anyone would touch it.Probably needs to look at other options like hard money on the new project, borrow from 401k or stock account or life insurance.
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26 March 2024 | 15 replies
Still not a lawyer or a COA, make sure you use a QI like @Dave Foster for the exchange, and a cpa or at least an accountant for your taxes.
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27 March 2024 | 6 replies
Also, rather than taking a large amount of money and investing into one single directly owned property, I can split it up into much smaller chunks across many different passive investments.