
14 May 2021 | 45 replies
@Ryan WilliamsonThen just skip the llc and get a normal mortgage in your own name.

27 June 2021 | 8 replies
You get the benefit of no turnover but you're paying for it by losing a ton of money.Here's what I use:LEASE RENEWAL: With Landlord approval, Tenant has the option to renew for an additional 12-month period with an automatic rent increase of 3% or to extend on a month-to-month basis with a 25% increase to the monthly rent.

14 May 2021 | 5 replies
I am not a lawyer, but it's important to be aware of the fair housing laws in your state and the laws that protect applicants from being discriminated against on the basis of race, color, religion, national origin, gender, age and other protected identities.

13 May 2021 | 2 replies
I bought the house on a 1031 so the cost basis is around 40k, insurance payout is @ 90k.

13 May 2021 | 3 replies
Along with that, when it's tied to a ZBA, all of your normal banking deposits/idle funds are automatically swept directly towards your remaining balance.

17 May 2021 | 14 replies
As soon as we get "closer to normal" they will resume again.

13 May 2021 | 3 replies
The COVID cheap rental market is gone by now, they’re listing lower than normal value and getting bidding up higher than rental list price.

31 May 2021 | 6 replies
Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion

14 May 2021 | 2 replies
;-The Days on Market (DOM) figure for single-family homes dropped from 58 to 40;-Total property sales rose 58.3 percent with 11,348 units sold;-Total dollar volume increased 85.9 percent to about $4.0 billion;-The single-family average price reached a record high, rising 20.0 percent to $371,854; -The single-family median price climbed 17.6 percent to $295,000 – also a record high; -Single-family homes months of inventory registered an historic low 1.4-months supply, down from 3.4 months year-over-year and below the national inventory of 2.1 months;-On a year-to-date basis, single-family homes sales are running 24.4 percent ahead of 2020’s record pace.
14 May 2021 | 3 replies
First of all please check with your CPA for additional guidance, but you should be able to get a "stepped up in basis" on both properties and not have to pay any capital gains.