👇Unpopular opinion about sponsor acquisition feesThey are 100% necessary.If you didn't know, sometimes sponsors charge what is known as an 'acquisition fee' when they buy a deal.Typically 1-3% of the purchase price o...
After years of regular real estate development where I needed to travel by plane. As a result, I discovered that many aircraft owners like me were experiencing a shortage of hangars. Naturally, owners didn’t want thei...
I'm interested in getting overages/overbid funds. I live in Florida, but statutes make me have to have a degree of seasoning before being considered the owner by the time of the sale. In other words, I can't buy a pro...
The other day I made an offer on a REO and lost. I offered $17k more than the list price. I'm looking for a home to live in and I was REALLY disappointed. Since I've been stalking the house, I've noticed that there ar...
For anyone who doesnt know a Short Sale property involves buying a property that is being sold for less than the outstanding mortgage balance. This type of investment can offer an opportunity for investors to purchase...
Hello, I just got my NJ license and have been working the withdrawn / expired lists. I'm talking to an owner who's house just expired and she's telling me she's moving out in two weeks because the bank wouldn't accept...
Good morning I completed my first 1031 exchange in 2019 however I am no being told by the CPA we incurred a mortgage boot due to not purchasing a property of similar sales price.
Property sold $1,200,000
Payoff $70...
Huge Equity Potential. I need an investor in Corsicana, Texas !
Hello everyone,Looking to learn a little bit more about 1031 exchanges and and 1034..First off, can both of these tax exemption strategies be utilized in tandem? Secondly, does the QI pay your taxes on the house? or d...
Just closed on our first investment property last week. It's a SFH in a gentrifying area (is that a word?)+. Did a bit of landscaping but otherwise it was move in ready. I had it staged and professionally photographed...