21 October 2020 | 1 reply
It's one of the many benefits of becoming a pro member, if you watch any of the webinars they typically offer a discount code at the end.
24 October 2020 | 17 replies
That said, you get all the benefits of owner occupant loans like low down payments (3.5% of the total purchase + Reno Costs) and low interest rates
24 October 2020 | 2 replies
This being my fist was a learning process so much of the benefit was in the learning and not as much profit.
25 October 2020 | 4 replies
No tax benefits in this case at all.Assuming this is an investment property for seller....1) ordinary interest income for the first two years2) Full cap gains and depreciation recapture in year three when paid off
21 October 2020 | 0 replies
I have begun learning Sketchup but I am just unsure of what would make me most valuable/benefit my progression the most.
28 October 2020 | 6 replies
If you can sell the homes for 20k each, that is a value of $460,000 for the homes, resulting in you having paid $840,000 for the park, meaning $66,240 / $840,000 = 7.8% cap rate for the parkIf you plan to keep all the homes as park owned rentals, your expenses will be a lot higher, your tenant turnover will be a lot higher, and you lose all the powerful benefits of MHPs.
2 November 2020 | 4 replies
Is there any benefits and downfalls for choosing one type of model over the other, other than the obvious?
30 October 2020 | 2 replies
There are also local, state and federal tax incentives for certain properties depending on whether they are on the national registry or just in a historical district.Once you understand the requirements you need to make sure to work with architects and GCs that have experience with these types of projects and the process and documentation required to receive full tax benefits as that is a very specific process.
31 October 2020 | 4 replies
We’ve saved up and were planning to pay down the loan and refinance it, likely into a primary residence conventional loan in December-January 2020 (6 months after VA loan refi) and then start renting it out in July 2021 when we move so that we could free up our VA loan benefit for a new primary residence at our new location.
5 November 2020 | 6 replies
Meanwhile, holding the properties personally allows you to use generally cheaper residential loans, and you don’t have the operating overhead of the LLC, as minimal as it might beThere is no tax benefit to the LLC.