15 January 2020 | 8 replies
I'm a newbie to 1031 and have a SFR rental property that is just today under contract...30 day closing. I would like to 1031 into a NNN or NN Commercial property and have to move fast. I need recommendations on grea...
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11 January 2020 | 6 replies
I don't mind my job as a CFP® working for a large investment firm however my goal is early financial freedom through the flexibility that real estate can give you through passive income, BRRRR strategies, 1031 exchanges and all the other amazing things that real estate has to offer.
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9 January 2020 | 3 replies
I’m dying to get me a 12 unit apartment complex that I can rent out. learned about 1031 exchanges,syndication(it’s necessity to be SEC compliant),wholesaling.
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10 January 2020 | 7 replies
As was mentioned above, you have capital gain taxes (unless doing a 1031 exchange) as well as other selling costs that will lower the profit amount at least somewhat.
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14 January 2020 | 5 replies
That would be the one-time price expressed as discount points to get the owner occ rate even though it is a rental.https://www.fanniemae.com/content/pricing/llpa-matrix.pdfAlmost no one actually does that, though as you might have guessed from the above I had a couple people recently come pretty close, and one fellow knew he was going to sell the thing in less than a year, so he didn't care about the rate, he wanted the bank to cover his closing costs in exchange for a higher rate.If that price is too high, you can swap points out for rate at a ratio of about 1 point to 0.25% to rate.Today's rates sheet go from 2.5% to 6.5%.
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16 March 2020 | 68 replies
When you sell, consider doing a 1031 exchange (obviously, you will sell your rental not the one you live in now 0I am assuming).
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10 January 2020 | 13 replies
You can buy reasonably priced insurance from the exchange.
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10 January 2020 | 5 replies
I have been looking into 1031 exchange if I do buy.
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10 January 2020 | 6 replies
Let's say I sell a property that I have owned for 10 years and then use the 1031 Exchange method and buy another property of the same type.
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14 January 2020 | 5 replies
Currently I work in meeting consulting planning corporate conferences, which is what I studied to do in college.Since early college I have been an investor in the stock market (long-term investments).