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Results (10,000+)
Scott Winter Lenders...what's the deal with the seasoning period?
31 January 2022 | 48 replies
I typically wait until the 1 year mark when feasible
Account Closed I need help with a low hud offer
21 August 2014 | 21 replies
I am at a loss on this one.
Chester Transo Cashflow Doesn't Build Wealth Round 2; How do things look going forward?
18 September 2014 | 71 replies
You can view/download the spreadsheet here:https://docs.google.com/spreadsheets/d/1eWquKpM8cd...Here are my Assumptions:Market; West Coast (say San Fran )Cap rate at purchase: 5% NOI: 200,000 Purchase price: $4 mill LTV: 65% Down: $1.4 mil Finance: 2.6 million Terms: 5% for 5 year term 25 year amort NOI Increase 3%/yearNOI end of year 5: 225,101.76Net cash flow years 1-5: 149,867.16Principal Reduction years 1-5: 296,915.00Debt Principal end of year 5: 2,303,085.00Cap rate at end of year 5: 8%'Renewal terms: 8% for 5 year term 25 year amort Exit strategy 1: sell in 5 years Exit Strategy 2: hold for 10 years with refi in 5 years Based on above assumptions here is what I see:Exit Strategy 1 End of Year 5 sell building for 2,813,772.03 Less O/S Debt of 2,303,085.00 Net Profit 510,687.03 Plus 5 Year Cash Flow of ` 149,867 *Principle Reduction (Included) 0 Total Net Proceeds 660,554.19 Less Down Payment 1,400,000.00 Net Loss:  (739,445.81) * Note-Principal reduction is already included in the reduced O/S debt amountExit Strategy 2 End of Year 10 sell building for 3,261,932.96 Less O/S Debt of 2,125,147.00 Net Profit 1,136,785.96 Plus 10 Year Cash Flow of 314,281.00 *Principle Reduction (Included) 0Total Net Proceeds 1,451,066.82 Less Down Payment 1,400,000.00 Net Gain 51,066.82 * Note-Principal reduction is already included in the reduced O/S debt amountGiven the above scenario, in my view, it does not seem to make any sense to buy now.
Account Closed Contingencies on the contract to purchase a vacant lot?
18 July 2018 | 2 replies
NEIGHBORHOOD, AREA AND PROPERTY CONDITIONS: Neighborhood or area conditions, including Agricultural Use Restrictions pursuant to the Williamson Act (Government Code §§51200-51295), Right To Farm Laws (Civil Code §3482.5 and §3482.6),schools, proximity and adequacy of law enforcement, crime statistics, the proximity of registered felons or offenders, fire protection, other government services, availability, adequacy and cost of any speed-wired, wireless internet connections or other telecommunications or other technology services and installations, proximity to commercial, industrial or agricultural activities, existing and proposed transportation, construction and development that may affect noise, view, or traffic, airport noise, noise or odor from any source, abandoned mining operations on the Property, wild and domestic animals, other nuisances, hazards, or circumstances, protected species, wetland properties, botanical diseases, historic or other governmentally protected sites or improvements, cemeteries, facilities and condition of common areas of common interest subdivisions, and possible lack of compliance with any governing documents or Homeowners' Association requirements, conditions and influences of significance to certain cultures and/or religions, and personal needs,requirements and preferences of Buyer.Things I'd suggest including is investigation of services and feasibility of connection to public services specifically.
Brie Schmidt Transferring Property from my LLC to a S Corp?
26 February 2015 | 12 replies
However a single member LLC may not protect the owner from creditors.For tax purposes an LLC can file as an S Corp (file S election w/IRS first)No upper limits on the number of LLC members, S Corps up to 100No restrictions on LLC ownership interests (flexible), an S Corp can have only 1 class of stock but can have differences in voting rightsSpecial allocations in income, gain, or loss in an LLC is permitted but not in an S Corp they allow pro rata allocations because of the stockIn regards to distribution and contribution of property (not cash) an LLC may have tax advantages over the S Corp.
Allan C. Suspend PAL and cap gains
5 December 2022 | 6 replies
I'm seeking clarification on activation of suspended passive losses upon sale of rental property.
Account Closed Owner carry -- how to avoid boot -- and not blow up the exchange
5 October 2022 | 3 replies
Or you can replace the note in your exchange account with cash (what the quote you provided is all about)Usually #3 is the only feasible option. 
Tony T. Inflation Coming Soon With Bailouts? - Where to Put $60,000 Cash
11 September 2022 | 43 replies
The catch being, the more money they print the more the goods cost thus leading to loss of control of the currency and hyperinflation.
Elizabeth Pare How do I know if a realtor has my best interest in mind?
29 July 2020 | 17 replies
He sold my place pretty quickly (for a loss, but only a slight loss and I was already out of state by then and just paying a mortgage on a vacant property that would not have made sense to keep as a rental).I decided to work with him again now that I’m moving back down, but I want to buy another MFH this time and “house-hack” again, like I’m doing now.
Nick Pan Capital gain or W2 income to write off losses from rental?
5 December 2022 | 2 replies
Hello,I expect to have about $10000 losses from rental properties in 2020.