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18 March 2024 | 8 replies
Ask specific questions, this is your property and you have a right to know what is going on.If he still does not respond, then I think you have to at least call an attorney and make sure that you are proceeding legally (for your state).I would bet @Nathan Gesner would have some ideas on this.....Good luck!
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18 March 2024 | 1 reply
Hi Sammy,Glad to see you taking steps in your real estate investing career, it helps to get reps in and learn.As for what you should do, your title states that you have "little equity", does that mean there is little equity in the Florida property or you have little available for another equity investment.I'd caution a refi with little equity, as stability in the early stages of your investment career is crucial to long-term success, try not to over extend yourself and potentially end up behind.Having access to investors and partners is the name of the game for scaling and limited funds, if you have access to investor capital, working with a wholesaler to acquire a flip may be a good option just be mindful of the risks of as-is properties and having investor capital at risk.
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17 March 2024 | 4 replies
Can I sell a property in one state and then do the 1031 transfer to a bigger property in another state withing the 45 day window, or does the transfer have to stay within the same state?
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18 March 2024 | 10 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
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18 March 2024 | 5 replies
The IRS as stated that an investor may not use a 1031 exchange to purchase property from a related party when the objective is primarily to avoid tax.
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19 March 2024 | 214 replies
I am definitely interested in attending but will be States Side until August.
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18 March 2024 | 0 replies
Even the President is talking about it, bringing it up both during the Super Bowl and again during his State of the Union address.
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18 March 2024 | 4 replies
You might find there was a local/state/federal grant that’s been used up.
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18 March 2024 | 7 replies
Take into account elements including the property's state, the age of the HVAC, electrical, and plumbing systems, and any necessary cosmetic renovations to draw in renters.
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18 March 2024 | 11 replies
Given that you are going from one property to a few and likely out of state, good property management is going to be key.