
22 May 2021 | 6 replies
Those above 65 in age may get a further discount(depends on county).if this property is an investment property, you normally won't get a discount on property taxes.Expect property taxes to potentially jump if you recently purchased the property or made any improvements.

15 May 2021 | 3 replies
I’m checking LoopNet daily basis but couldn’t find any good cash flow as well as good cap rate.

17 May 2021 | 3 replies
This means that you get your funds faster, because most rehab lenders fund on a reimbursement basis, or once the work is completed and inspected.4.

30 May 2021 | 4 replies
@Ginger CarrIf your parent's only income is $25,000 a year, they may be able to structure it via installment sale and avoiding paying taxes.There are some risks involved with an installment sale as they have to be on top of the buyer making payments or having to foreclose.But this strategy might be able to avoid federal taxes and net investment income tax.They may still be subject to state taxation though.However, the best approach might be for them to hold onto the asset and allow it to pass to you with a step up in basis(if it is still around).

11 June 2021 | 10 replies
Your basis and profit have to go forward.

17 May 2021 | 18 replies
Haven't noticed a single bit of difference in either.....I wouldn't worry about it....just be courteous with guests, keep your house clean, Etc....what most people would normally do anyway.....

17 May 2021 | 5 replies
With that ZBA, all of our normal deposits are swept directly towards our remaining balance, lowering our interest cost.
29 May 2021 | 11 replies
We have normal monthly pest control and we have them set traps for mice but have no caught any.

30 May 2021 | 4 replies
(This is often done on a monthly or quarterly basis) Syndications are often 5-7 year commitments, so it is important to know going in that you will have access to the sponsor if you have any questions or concerns about your investment.

25 May 2021 | 7 replies
Maybe if you've done 50 deals and they know you are safe, but as a newer investor there are no ways to do this in the real world.In the day before the GFC this is how all OOS turn key worked:WEst coast marketing companies would get buyers ( these folks are still in business as we know)rehabber in the market Pick any turn key market would find a home that they could buy rehab and sell at 65% ARV which today pretty tough but in those days my company did close to 2000 of them as the A and D lender.So we would require ONLY 1k down from the borrower ( so not no money down but pretty close) I would fund the purchase and rehab the rehaber in the market say Detroit Chicago Memphis Jackson KC Indy those were all my markets. would do the rehab and once it was done they would do a refinance now my LA based buyer was already pre approved for the take out ( REFI) Just subject to a 442.. we routinely spun these deals in 90 to 110 days start to finish.. the LA based buyer would then do a 75% cash out refi and pay me off and they would normally pocket about 5 to 8k in cash that was to be used for reserves.. so no money down and actually cash out.My flipper made his money the west coast marketing guys got their commish and I made my fee's on the HML..