21 July 2021 | 5 replies
House is selling for 660K with 300K in outstanding loan.Few options:Pay 50K in taxes and put the remaining money in VTSAX (Vanguard fund)Roll the money into 1031crowdfunding.com or kpi1031 or something similar in 3 different properties and get around 5% monthly cash flowPay 50k in taxes and put the remaining money in Norada Promissory note to get 15% monthly cash flow (I am accredited investor)Buy a turnkey property for 660K to 1M – preferably a duplex/fourplex.
18 July 2021 | 6 replies
Your mortgage contract remains in place, even when it sells to another company.
19 July 2021 | 6 replies
Once i had that established, in addition to the attorney, I needed a survey, to finish separating the remaining utilities, meet the setback, minimum lot size and the other requirements to make the new legal lots separate legal interests.
18 July 2021 | 1 reply
Hello,I'm in Missoula Montana, where we've seen a crazy amount of appreciation and supply remains very low.
12 August 2021 | 12 replies
I am extremely motivated and would love to add value to anyone's real estate business in exchange for some experience.
21 July 2021 | 4 replies
The foundation is actually with stones not brick but I suppose the gist of your reply remains that same that it will come down to dollars/hr or dollars/day.
18 July 2021 | 1 reply
David Greene did a podcast a few hours ago about this and explained how recent changes in capital gains taxes might motivate some sellers to use seller financing to defer capital gains taxes.
19 July 2021 | 8 replies
The rest of your equity remains with the original property.
14 August 2021 | 15 replies
Please remain focus!
20 July 2021 | 3 replies
That amount will be taxable but you'll shelter any remaining profit in the 1031.