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1 August 2024 | 4 replies
(Another option to the above scenario is to instead have the LLC lend my father money to complete the rehab so all the repairs are made in his name...but then the LLC would get no tax deductions on the rehab, plus my father would wind up paying interest on the loan and the LLC would incur taxable income on the interest of the loan as well.)I've said a lot here, but It would be greatly appreciated if anyone can give me advice on the best strategy to pursue...Thanks!
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29 July 2024 | 5 replies
My current primary ( scenario 1) Keep the primary for the life of the loan ( current rate is 4.5 so i dont see my self refinancing anytime soon)current home value 1,150,000Loan amount 935,000appreciation estimate 5% per year after a 28 year hold and the house is paid off I would have a house worth 4,312,000$my current mortgage is 6125$ ( piti) included My second option( scenario 2) Sell the house, walk away with $150 ,000 ish in hand and put that into a low cost index fund Rent a house elsewhere for about 3000$ ish and take the extra 3000$ im saving everymonths from not having to pay my mortgage and puting that money in the index fund as well I ran the numbers on both of these scenarios and doing what I mentioned above would break even at about 28 years meaning my stock account would be worth 4.3 million just like my house would , but the only is that holding a house for 28 year would mean 28 years of property taxes, loan interest ,home insurance and repairs etc whick I calculated to be about 1,200,000$ at minimum which raised my eyebrows to say the least Also i understand that each of these options ( stock market vs real estate ) will have there tax consequences ( long term capital gains) so any thoughts on that would be appreciated as well.
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31 July 2024 | 1 reply
WE are looking for a financial software recommendation for our multiple properties (short, long and flip) in our LLC.
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30 July 2024 | 3 replies
Not interested in 1031 as I want to use this money to pay off debt and spend more time with family.
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2 August 2024 | 19 replies
When I run a full time biz from home again then I will do it again.
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31 July 2024 | 3 replies
I’m running into problems with lenders because they’re not mobile homes, they’re not modular.
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3 August 2024 | 28 replies
He deserves it and the knowledge is simply nothing short of amazing.
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1 August 2024 | 7 replies
There is money in buying raw land and getting it permitted for build with plans and flipping it shovel ready
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30 July 2024 | 10 replies
People will always have issue with shared amenities in a short term rental house.
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1 August 2024 | 4 replies
In other words, how would I calculate the return (from a purely financial standpoint) of "investing" in a primary residence vs renting and putting the money elsewhere (perhaps even into an investment property, but also considering buying a business)?