Pamela Holmes
Alabama Tax Deed Property
15 March 2024 | 117 replies
I realize that cost is not at all based on the value of the property but $2,000 seems like a lot of money for just 1 acre of vacant land.
Austin Ralls
Can adding a bedroom and bathrooms increase a homes value?
12 March 2024 | 4 replies
The appraiser determines the value based on comparable properties (comps) in the area.
Dionysios K.
New Member Introductions
12 March 2024 | 5 replies
My name is Dion and I am a new member based out of Massachusetts.
Rob Tennyson
STR in Desert Hot Springs
12 March 2024 | 16 replies
Based on what I see - I'm not looking to do STR in the High Desert right now.
Rick Turman
Four Square Method of Analyzing Rental Properties
12 March 2024 | 12 replies
This will allow you to Flip, and obtain a loan based on the ARV of the property, then rent it out having the tenant pay for your new mortgage thus allowing you to pull all liquid out of the property that you had in.
Joe Black
Surprise 17,000 Tax bill due to LLC transfer.
11 March 2024 | 24 replies
I would strongly recommend getting a second opinion before actually paying any of that tax.
Michaud Abraham
Investing in the Bahamas.
12 March 2024 | 1 reply
Hard money lending is based on taking a mortgage on an asset and no lender is ever going to take a mortgage on a property overseas as he/she doesn’t have the infrastructure to take the property back if push comes to shove.
Nicholas Keller
Seeking Mentorship in Real Estate Investing
12 March 2024 | 11 replies
Come up with a way you can add value to their business based on their needs and your talents.
David Ounanian
What tax benefits or implications should I be aware of as a real estate investor?
12 March 2024 | 4 replies
.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.
Lilly Olabre
Business Line of Credit or Hard Money Loan for residential MFH
11 March 2024 | 4 replies
Yes, a business LOC can be an option for a down payment on an MFH property, especially if your LLC has a strong credit history.