If a loan has an unreasonably low or 0% interest rate, the IRS may impute interest—meaning they treat part of the principal payments as taxable interest income for the seller.The IRS sets a minimum interest rate called the Applicable Federal Rate (AFR), which varies based on loan length and market conditions.

Hey @Jessica Bonelli,  For your first deal, I would not try to compete in a market where houses are selling in a matter of days.  

What markets are you finding the most opportunity in right now?

I just googled digital business card because of your post and am having trouble figuring out how they have value over any other contact organizer.

I’m pretty busy with my job as it’s a 24/7 industry, I don’t have time to handle aggressively hunting for off market deals however I could still do it with mailers, as I’m in no rush to purchase right away.

A full-service realtor will typically get you the best price and handle everything—marketing, negotiations, paperwork—making the process smoother.

The spread between $75k and $240k is too good to be true in this market.

Hey Julio, marketing your turnkey property to a wider audience is a smart move.

In this dynamic market, staying informed and adaptable is key to finding success.

I have over 8 years of experience in Michigan’s real estate market and am excited to connect with others as I transition to Texas.