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12 March 2024 | 4 replies
The appraiser determines the value based on comparable properties (comps) in the area.
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12 March 2024 | 5 replies
My name is Dion and I am a new member based out of Massachusetts.
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12 March 2024 | 16 replies
Based on what I see - I'm not looking to do STR in the High Desert right now.
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12 March 2024 | 12 replies
This will allow you to Flip, and obtain a loan based on the ARV of the property, then rent it out having the tenant pay for your new mortgage thus allowing you to pull all liquid out of the property that you had in.
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12 March 2024 | 1 reply
Hard money lending is based on taking a mortgage on an asset and no lender is ever going to take a mortgage on a property overseas as he/she doesn’t have the infrastructure to take the property back if push comes to shove.
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11 March 2024 | 28 replies
A “waiver approval” for the mortgage company without consent” I have a call with the old seller next week , I have kept my communication line open and she hasn’t said anything until 8 months later.
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9 March 2024 | 2 replies
This means you cannot discriminate against tenants based on race, color, national origin, religion, sex, familial status, or disability.
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12 March 2024 | 4 replies
.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.
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12 March 2024 | 6 replies
Following - I'm based in California
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11 March 2024 | 4 replies
You will usually get mailers from attorneys that do this yearly they will take a fee based on your savings.