Cj McDougal
Monetized Installment Sale
8 April 2024 | 15 replies
They interpret the statutes and rules and provide a letter to the client stating the justification for the transaction and the risk of an adverse ruling.
Kenny Simpson
Mortgage rates in the 4's and 5's in 2023?
9 April 2024 | 64 replies
The read and react game makes me think Fed will hold tight a little too long.
Ethan Davis Brackin
Laundromats and Similar Businesses as Real Estate Investments
7 April 2024 | 4 replies
I already have a general game plan set up but am trying to explore all of my opportunities before committing to any specific strategy.
Jon Fletcher
Cryptocurrency or Bitcoin Mortgages
8 April 2024 | 7 replies
@Jon FletcherWhat the prior poster was saying is if you wanted a 90k loan On blockfi for example it will be 7.8 bitcoins.The crypto collateral you must provide is significantly higher.
Justin Melton
Tv for str
7 April 2024 | 9 replies
We haven’t had a guest yet, what do you recommend for a tv provider if any or just let them use free tv apps and login to their own accounts?
Sree Todu
1031 Exchange Question
8 April 2024 | 5 replies
This must be done carefully to provide maximum benefit.
Don Solt
Tax Filing Advice for Family Member Living in a House (TurboTax filer)
8 April 2024 | 2 replies
However, from what you've provided, it sounds to me like you would just treat it like a regular rental property.
Waleep Alvi
Shower door or shower curtain?
8 April 2024 | 20 replies
With shower curtains, it's much easier to throw out the old curtain and put up a new one (that is if you're providing the curtain).
Codey Wendel
House hacking with a high interest rate
8 April 2024 | 37 replies
And, house hacking is a completely unique strategy because it's also providing you shelter.
Ornella Kaneza
50k in equity and want to pull and invest
8 April 2024 | 4 replies
Here are some considerations for each option:Option 1: Using the HELOC for a down payment and renovation on a second property to rent:Pros:You can leverage your existing property to acquire another investment property without selling your current home.Rental properties can provide a steady income stream and potential long-term appreciation.You can use the HELOC funds for renovation, which can increase the property value and rental income.Cons:You'll have to manage the property yourself or hire a property manager, which can be time-consuming and add to your expenses.There is a risk of vacancies or unexpected maintenance costs, which could impact your cash flow.You'll have to pay back the HELOC, which will increase your monthly expenses.Option 2: Building a new house in a new community and selling it for a profit:Pros:You can potentially make a significant profit if the market is favorable and the property value increases during the construction period.Building a new house allows you to customize the property and potentially attract more buyers or higher rents.Cons:This strategy involves a higher level of risk, as you're betting on the market to appreciate in a relatively short period.There are many unknowns and potential delays in the construction process, which could impact your timeline and profitability.You'll need to have a good understanding of the local real estate market and construction costs to ensure that your project is profitable.Before choosing either of these strategies, consider the following:Research the local market conditions in Chandler, Arizona, to understand the current demand for rental properties and new construction homes.Consult with a real estate agent or investment advisor who has experience in the local market to get their insights on the best strategy for your situation.Evaluate your financial situation, including your income, expenses, and risk tolerance, to determine if either strategy aligns with your goals and financial capacity.Consider the tax implications of each option, as this can impact your overall profitability.Create a detailed financial plan for each option, including projected income, expenses, and potential risks, to help you make an informed decision.Ultimately, the best strategy for you will depend on your unique situation and goals.