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7 April 2024 | 3 replies
Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.
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8 April 2024 | 10 replies
Especially if the deals you look at have been on the market for a while and aren't going to have multiple people looking to write on it.You could try having an additional person on your team who's niche is providing boots on the ground services.
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8 April 2024 | 15 replies
The taxable gain will be paid at the end of the 30 year deferral period, while the 1031 Exchange allows you to continually defer the tax and then the investor generally receives a full step-up in cost basis upon their death so that the taxable gain completely disappears.
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8 April 2024 | 23 replies
An alternative I've considered is renting while in CS and buying an area with a lower cost of living in another part of the country, which of course wouldn't allow the VA loan to be used.
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8 April 2024 | 37 replies
There are deals out that make sense with 7%+, but not so much for a duplex.Refinancing a few years after purchasing can make your numbers look better if interest rates drop or your financial situation improves, allowing for a better rate.
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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.
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8 April 2024 | 4 replies
I'd been worried I might be stuck with them, but Indiana allowed us to evict, and we had them out within 2-3 weeks.
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7 April 2024 | 2 replies
Our whole portfolio and real estate team operates out of the Lehigh Valley.
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7 April 2024 | 2 replies
Find your goals, then build a plan to get there, and finding a reliable team to help you do it is the most important part.Would love to connect if you'd like to learn about us, or get involved in our local meetup.
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7 April 2024 | 2 replies
As an agent, I can't give you any advice... but I can put you in touch with the attorney our team works with to help our clients with this decision.