A proposed bill aims to limit investors from buying single-family homes. Important: it hasnโt passed. The Senate only voted to end debate and move toward a vote. Many questions remain about how it would affect investors.
H.R.6644 โ Housing for the 21st Century Act
TRIPLE HEADING FORMULA: buy in a (1) good area, plan to (2) holdlong term so u are less sensitive about shortterm potential value declines & focus on the longterm, & buy (as current timing enables) (3) below market value so to add ANOTER hedging layer. Simple yet many don't apply
In life, you're taught to have a ROLE MODEL but what you're NOT taught is to also have a NEGATIVE ROLE MODEL. A negative role model is someone you look to as an example of how not to be. Someone who mirrors the opposite way you need to behave or make decisions.
Many times I think: am I helping individuals invest in real estate or am I teaching people common & basic life skills through navigating RE-related situations? Today, instead of "barking", "I pay him a fee." use, "TY for making an effort to go there on the weekend"? So productive
5 ways how start investing in real estate with limited capital?
- Partner up
- HELOC - tap into existing equity
- House hacking - buy a duplex
- Seller financing - tricky
- Subject-to - super trick
1031 Exchanges for foreigners.
- Needs to be US to US property (cannot sell a US property and buy in another country in the 1031).
Tips:
- Plan ahead
- Have a ITIN #
- Request a certificate of exemption from the IRS (can take some time)
Market crashes are inevitable. Letโs make sure youโre ready to make the right decisions when it happens! ๐. Highlights from our ๐ฅ๐ฒ๐ฎ๐น ๐๐๐๐ฎ๐๐ฒ ๐ ๐ผ๐ด๐๐น, ๐ ๐ ๐ฆ๐ฒ๐ฎ๐๐ผ๐ป ๐ฏ ๐๐ฝ๐ถ๐๐ผ๐ฑ๐ฒ ๐ฑ๐ฎ with ๐๐ฎ๐ป๐ถ ๐๐ฒ๐ถ๐-๐ข๐ฟ coming out soon. ttps://spoti.fi/3OTxcbB