26 November 2024 | 5 replies
I’m aware of loss harvesting when it comes to stocks, bonds, etf’s, etc. but how can this occur with real estate?
23 November 2024 | 6 replies
You can combine both sources in one document to strengthen your proof.
22 November 2024 | 15 replies
@Kenroy BernardTo acquire a multifamily property in Long Island, develop a VA Loan Strategy, obtain pre-qualification from a lender, factor in renovation costs, conduct market research, build a team with experienced agents, network with investors, strengthen your business plan, expand knowledge through tools, and take action by searching for properties, attending open houses, and setting a closing timeframe.
21 November 2024 | 7 replies
Quote from @Thomas McPherson: That’s a good point about the bond market and mortgage rates.
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)
21 November 2024 | 25 replies
You clearly missed your calling, you were meant to be James Bond.
20 November 2024 | 37 replies
That’s gambling, not investing. for those not familiar with what Mello Roos is.. its a Bond that was floated to pay for the infrastructure cost of the subdivision and is added to your tax bill by the county..
19 November 2024 | 1 reply
To my basic understanding RIETS are like bonds that you invest in then slowly pay you back based on your initial investment?
17 November 2024 | 5 replies
I will have title bond over the lien if its filed (which 90% of liens are filed incorrectly anyways).
16 November 2024 | 6 replies
The cap rate around 8.5% (when the local average is 7-9%), I think this price point potentially strengthens the property’s cash flow appeal.All units are rented on 12-month leases, and the seller reported annual expenses around $22,075.