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9 July 2024 | 6 replies
In my state, the SELLER typically pays for 1/2 the state transfer tax which might run 1-2% of the sale price depending on the municipality.
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7 July 2024 | 8 replies
Hey @Wade Wright - First off congrats on BUILDING A GROUND UP fourplex that is amazing!
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8 July 2024 | 15 replies
If you live in it at least 2 years, you have the option to sell within 3 years after move out and not pay capitol gains taxes on up to $250k in profit as a single person.
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10 July 2024 | 4 replies
You can get:-$10,000 per unit for mini-splits - $5,000 per unit for knob and tube removal - 75-100% off insulation- FREE light bulbs and light fixture- FREE thermostats- FREE Shower HeadsWe just got $20,000 for knob and tube removal at a 4 unit and $30,000 to replace this shared boiler at a 3 family we own.
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8 July 2024 | 18 replies
If now Im using my Transunion Service, using Fico version 8, and someone gives me an Experian report with FICO version AutoScore 4, then comparing the 2 is meaningless.Though Im sure legislators writing these laws have very little idea you could have 48 different potential scores that are all still FICO scores.
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10 July 2024 | 21 replies
Hunting, fishing, hiking in the off seasons.
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9 July 2024 | 10 replies
Here's how to get started and advice on each area:Section 8 Rentals:Education: Learn about the Section 8 program, including eligibility requirements and benefits for landlords.Networking: Connect with local landlords who have experience with Section 8 rentals for practical advice and insights.Property Selection: Look for properties in Raleigh, NC, and surrounding areas that meet Section 8 housing standards and have potential for rental income.BRRR Method (Buy, Rehab, Rent, Refinance):Research: Study the BRRR method to understand how to find undervalued properties, finance renovations, and refinance to pull out equity.Partnerships: Consider partnering with contractors, lenders, and real estate agents experienced in BRRR to streamline the process.Market Analysis: Analyze local market conditions to identify neighborhoods with potential for property value appreciation and rental demand.Airbnb Properties:Regulations: Familiarize yourself with local regulations and zoning laws governing short-term rentals in Raleigh, NC.Property Preparation: Prepare properties to meet Airbnb standards, including furnishing, amenities, and guest experience.Marketing: Develop a marketing strategy to attract Airbnb guests, leveraging platforms like Airbnb and optimizing property listings.Overall Strategy:Continuous Learning: Stay updated with industry trends, attend local real estate meetups, and consider joining real estate investor groups.Financial Management: Manage your LLC, Opal Capital Holdings, effectively to track expenses, income, and tax obligations.Long-Term Goals: Keep your multifamily apartment goal in mind, and progressively scale your real estate portfolio based on experience and market opportunities.If you would like some help getting started, or just want to discuss please feel free to reach out to me directly.
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8 July 2024 | 0 replies
Bought for 63,750 off market in Feb 2021 worth around 130K+ currently.
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9 July 2024 | 5 replies
Hi All, maybe a dumb question: Looking at a potential flip and wondering if anyone combines driving for dollars/off-market with conventional loans?