Gabriel Zepeda
Deferring Taxes for Real Estate Portfolio
9 May 2024 | 3 replies
Unfortunately not, Gabriel. 1031s are quite strict, and involve equal “equity” deployed in order to persevere the gain deferral.That said, if you’re okay with realizing *some* capital gain on boot / mortgage boot, you can pull *some* cash from the 1031 exchange.
Seo Hui Han
70% equity and 30% debt. Should 1031 into similar?
8 May 2024 | 7 replies
You mention cash flow several times, so I wonder if that's the most important variable for you...?
Brandon Morgan
buying rental properties in Pennsylvania
9 May 2024 | 13 replies
Welcome Brandon - I have properties here in the wyoming valley.I am a native to the area.Scranton has many hoops to jump as an investor - esp. an out of the area investor.One is you'd have to hire a property manager if you do not live in the city of Scranton or within 20 miles of the city.Real estate taxes are high -that plus the current interest rate and ask prices makes cash flow an issue.You can find "deals" but please do your due diligence.Here is an example of a potential deal I am evaluating in the hill section of the city: 20 y/o, 2000 sq ft. 3b/3bath TH - Needs paint, new carpeting, and general wear and tear repairs after a 4 year tenant.
Jason Khoury
Condo as a First Investment?
9 May 2024 | 12 replies
I currently reside in a higher-end condo in Orlando, Florida, and obtaining a mortgage with a sub 3% interest rate was crucial for making it a feasible investment.Allow me to share a personal anecdote that sheds light on the condo buying experience.
Annwar Matani
How do Hard Money Loans work?
9 May 2024 | 15 replies
HML is the same as getting a mortgage from a regular lender such as a bank or credit union, but the HML does not require as much documentation and they provide money really fast say, within a few days.
Darren Maloney
Cost Segregation & Accelerated Depreciation
9 May 2024 | 16 replies
Let's use a tax rate of 25% just for kicks.
Ben Davies
90 lot park in Littleton CO Needs financing
11 May 2024 | 7 replies
Any new owner / investor would need to make these rate changes - compelling the current residence to move elsewhere (somewhere more affordable).And this is why the residence are looking to make a Co-Opp.
Saul Hedaya
Attorney Fees for Evictions
10 May 2024 | 1 reply
We have used this attorney for more than a decade and have a grandfathered rate.
Winnie W.
Los Angeles City - Eviction for Owner Occupancy (RSO unit)
10 May 2024 | 1 reply
We have used this attorney for more than a decade and have a grandfathered rate.
Sonya Gulka
Plano, TX for investment
9 May 2024 | 15 replies
I think one of the tricks is rental rates are fairly low compared to sales prices.