Francisco Leal
From Madrid to Miami: Escaping Spain's Real Estate Woes to Invest in the Magic City
2 April 2024 | 16 replies
.- We're grappling with the social phenomenon of "squatters", individuals who don't pay rent and the government allows them to live in your property rent-free for 24 months before eviction.- Spain's population pyramid is a mess, with sky-high taxes and increasing insecurity in many areas.- The rental yields in premium zones of central Madrid barely reach 3.5% - 5% gross due to government policies, such as the rental index imposed by the socialist government.For these reasons and many more, I'm considering investing in Miami.
Emma Hustis
Best Brokerage for Wholesaling Real Estate Agent?
2 April 2024 | 2 replies
I live in a small town and don't know that any of the local brokerages will be a good option.
Juan De La Garza
LOI before you can see financials?
1 April 2024 | 14 replies
They can walk away at any time without any losses.Find what works for you and you are comfortable with.Cheers!
Anand Khanna
Can I buy another "second home" for STR with 10% down?
2 April 2024 | 4 replies
Wanted to check if that is true and if it is just lender specific or are there any legal laws around it.Thanks The rules are generally pretty vague - for the 10% Down Second Home Loan - generally are supposed to be not an investment property (no more than half the year rented out, no property management) and the vicinity rule is not super clear - but you are supposed to live "near the property"There won't be a difference among lenders since this is a GSE backed product (all rules the same) - however, the difference is likely to come from the interpretation of how close "near" meansThis is a good twitter (X) thread on the topic from a lawyer thats in the spacehttps://twitter.com/Wildlaw406/status/1689416363973214213
Keeya WangJones
Owner-Occupied: Multiunit Property Management (Licenses??)
2 April 2024 | 4 replies
Weather you live in it or not.
Justin Strait
Anderson Business Advisors
2 April 2024 | 27 replies
I highly recommend you to learn as much as you can via their recorded videos and/or live event.
Anais Rosales
Advice on first investment (100k to invest)
3 April 2024 | 15 replies
Hey Anais, I live on the Central Coast of CA and invest in Detroit.It has a ton going for it and it's been extremely good to me.
Kapil Patel
Capital Gains Tax Implication and Advice
1 April 2024 | 10 replies
You also can't do a 121 if you did it in the past 2 years.Ex. you live in first property for 2 years and sell it. you then live in another place for 2 years and then you sell it.You would be qualified to do the 121 in both salesEx.
Meredith Ogden
What should I do with the money I’m about to receive?
2 April 2024 | 10 replies
Not sure what your current living situation is, but you may have an opportunity to get into a new home with a Mother in Law suite, or an ADU that you can STR, just to see if that rental strategy works for you.