Michael Plaks
0% owner financing and IRS imputed interest
19 July 2024 | 12 replies
The details are controlled by Section 483 of the Internal Revenue Code.https://www.law.cornell.edu/uscode/text/26/483Some bloggers, YouTubers, gurus etc. mistakenly refer to two other sections of the tax code, so let me address this confusion.Section 7872, also described in IRS Publication 550 as "below-market loans."
Dax Smith
First attempt at JV flip need feedback
18 July 2024 | 4 replies
Highlights and AdvantagesNew Roof: Installed 4 months ago.Potential to Add Value: Through strategic renovations including adding a full bathroom and bedroom.Attractive Market: High demand for updated properties in Hixson, TN.9.
Dale E.
Can you sell a property by owner finance with a mortgage?
17 July 2024 | 1 reply
My goal would be to make a higher return in the next 5-7 years, lock in current market prices, avoid some selling fees, and free up more cash right now for an opportunity that I have an eye on that looks more profitable.
Mary Ainsworth
Mobile Home Flipping - How to analyze?
13 July 2024 | 6 replies
I already own property in Oklahoma (a quad) but I live in San Diego, so I want to enter my own market and this would be a more affordable way to do that.
Zach Knoll
What are Your Top Books to Read?
14 July 2024 | 3 replies
These books have helped me develop the mindset and balance needed to achieve my full potential.
Shawn W.
Hello Fort Wayne Community!
17 July 2024 | 0 replies
Super excited and definitely wanted to learn more and do more in this market!
Anirudh Reddy
How to keep homeless people away from vacant property while I try to sell it?
17 July 2024 | 3 replies
Should I just go back to getting the property rented out completely and then market it for sale?
Burke K.
Fast track to financing and home purchase? Individual scenario.
13 July 2024 | 1 reply
I am a finance guy but unfortunately my education is not adapted to the US real estate market and I am little bid confused.Goal:Buy a 2-3 family house to do a small rehab and rent afterward.
Ismael Ayala Jr.
Nonrefundable deposit on lease to purchase option
17 July 2024 | 1 reply
The buyer will agree to pay some monthly amount higher than the market rent, to offset the cost of the property when the purchase happens.
Bran Scott
Bought 2 4-plex Rentals in Las Vegas - Costing me tons in Repairs - Advice Needed
17 July 2024 | 4 replies
Also, avoid issues with city and S8 inspections.3) Marketing Impact - a purple bedroom doesn't need painting, but usually has to be done to attract a tenant.4) Miscellaneous - anything that doesn't meet one of the above criteria.By logically breaking these down for our owner clients, we help them make better decisions on "repairing to their budget" and avoid over-repairing or being a slumlord.Suggest you use this approach with your PMC to address the $22k bid.Lstly, how many bids did your PMC send you regarding the $2k pest treatments?