Rit: It's not the entity it's the agreements, yes, that's where the difficulty's going to be. If you can get it done quickly and sell it sooner than later, that'll leave it in the estate ye. But if it is financially advantageous to go through the work of optimizing these properties prior to listing them, then you're going to need one person to take the lead. And ocall to your question as to how the income of a property impacts its value, that largely depends on if we're talking about single family homes versus multi units.
#354: Charlie in Cali has enough money saved to pay cash for a house, but she and her husband decided to finance their home, instead. They’d rather invest the money and arbitrage the spread. But one problem: how can they keep themselves from touching this investment?
Jay is choosing between Fidelity and M1 Finance, and has questions about tax loss harvesting.
Nicole and her siblings will be inheriting some properties that they eventually plan to sell. How should they set up or organize these properties among so many owners? Should one person take the lead? Do they need a shared business account? Also, how should they evaluate a property and make sure they get a good deal when they sell?
Ed owns three homes, two of which he plans to sell in the next few years. He plans to live in them long enough to establish residence and take the capital gains exemption when they sell. Is his plan for handling the taxes solid?
We answer these four questions in today’s episode. Enjoy!
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