12 June 2018 | 23 replies
The hot water heater, appliances, etc. cost the same amount in both situations, but you are collecting more CAPEX reserves in the higher rent property.
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11 June 2018 | 2 replies
Any suggestions on how to purchase a $350k house for someone in my situation?
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15 June 2018 | 26 replies
I would also say network with some lenders, or loan brokers to understand what needs to come to the table for your ideal situation to get the pre-approval and funding.
11 June 2018 | 2 replies
It took 3 part time days of work.The fencing was a frustrating situation.
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19 June 2018 | 7 replies
Several people mentioned that a quitclaim for the LLC was necessary, but there were others Also, as most of the conversation surrounding the BRRR strategy seems to be around rentals I was unclear if it could be used for flips such as in this situation.
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11 June 2018 | 10 replies
But remember that only capital gains can be excluded under the 121, not deferred depreciation recapture, so you'd need to speak to a CPA about your specific situation to make sure you know what's what.
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11 June 2018 | 5 replies
I am just curious what other people have done in a similar situation.
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11 June 2018 | 3 replies
My main concern would be an eviction situation.
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22 March 2019 | 4 replies
But that same situation does not apply when contributing a property into an entity after a 1031 exchange is complete.
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12 June 2018 | 2 replies
I can recommend either, depending on your situation.