SILT Real Estate and Investments, LLC

03/08/2024

I saw this article from the NAHB today, which pointed me to the State of the Union address. No matter where you stand on the political side, you have to agree that housing prices need to flatten a little bit. And to do that, we need houses to sell. He mentioned some plans briefly, but they are key to providing the 2 million houses he hopes to add.

I definitely don’t think we need more buyers, and giving more credits to first-time and first-generation home buyers doesn’t help. The idea to attract trade up buyers and downsizing buyers as a way to create more inventory is a good idea. The only problem is that the downsizer may end up targeting the same homes that the first-time home buyer is looking at. (Although hopefully, they have some equity in their house and they can buy something new and smaller and allow that family to trade up and right-size their home.) The credit for that kind of buyer may allow them to move if they are scared of the higher interest rates. It says that it makes the effective interest rate lower... but I’d like to see more data on that.

The other things talked about are the change in regulations for building. One of the things they are targeting is more multifamily homes. This would be great for people looking to invest. Having more areas to rent will also help curb rental costs. The one thing I don’t quite agree with is the idea of more regulation to curb how landlords run their business. The thing is, the renter always has an option. They can go somewhere else. I know it’s easier said than done, but they also don’t have to rent that property with the “junk fees”.

What do you think about the President’s idea to attack affordable housing? Would a credit help you right size? Would you ever consider partnering with an experience real estate investor to help grow your wealth?

Check out the article from the NAHB and check the comments below to see the fact sheet directly from the White House.

NAHB Chairman Carl Harris attended tonight’s State of the Union address and issued the following statement regarding President Biden’s remarks.

05/17/2023

Everyone thinks selling a house is so complicated. We break down the 5 steps used in every home sale, no matter who's doing it. Check it out and see how easy it can be to sell your home.

https://bit.ly/3IkJozb

Selling a house can be burdensome and confusing. We break down the 5 steps needed in every home sale, no matter how it’s sold. Get help here.

05/11/2023

What's a simple easy way to know if you're dealing with a reputable cash buyer or investor? Escrow of course. People have asked us why we use escrow when buying a house. In this blog we explain a little more about escrow and explain why it's important to make sure your cash home buyer is using it. Learn more about escrow here!

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Think you know escrow. Find out how it’s used when selling a property and why it’s important when dealing with a cash buyer. Read more about it here.

05/03/2023

A couple weeks ago, we did a video about the difference between a market price and a fair offer. Here's an article we posted a few months ago explaining how cash buyers come up with their offer. The one thing we really want to point out here, their offer is based on potential and not what is actually going on in the market. Just keep that in the back of your mind when you're looking to sell your house fast for cash. And now you can check out the article...

Have you wondered, “How much will an investor pay for my house?” Well, here we give you the insight to find out what goes behind making your offer so you know before you start to seek them out. Read to find out.

04/25/2023

There are a few ways to avoid taxes... capital gains taxes that is. This video covers the most common ways to avoid them. Both owner-occupants and non-owner-occupant properties (like investment or vacation homes) will benefit from it. For most owner-occupant properties, there’s an easy way to avoid them, but for all others, you have a few ways. A couple of them will allow you to avoid them for as long as you want.

Here is the chart I referenced in the video. For short-term capital gains, you follow your normal tax bracket. So just make sure you put off some to the side to cover your taxes later.

Tax-filing status
0% tax rate
15% tax rate
20% tax rate
Single
$0 to $44,625.
$44,626 to $492,300.
$492,301 or more.
Married, filing jointly
$0 to $89,250.
$89,251 to $553,850.
$553,851 or more.
Married, filing separately
$0 to $44,625.
$44,626 to $276,900.
$276,901 or more.

Head of household
$0 to $59,750.
$59,751 to $523,050.
$523,051 or more.

What did you think of the ways to save on taxes and possibly defer them forever? Have you heard of a 1031 exchange or a seller-financed sale? Let me know in the comments below.

04/20/2023

I have learned a lot from this podcast, as well as the host. Granted, there's a lot about rentals and being an investor, but there's also been some applicable life lessons when you look for them. I also really like that he interviews former students. If you're interested in real estate investing, learn a different way to work at it.

This can obviously be found on most podcast apps, but here's a link to the Racking Up Rentals episode guide.

https://www.thoughtfulre.com/podcast/

04/19/2023

Have you wondered what market price vs a fair offer is on your house? I give you an answer here in about 2 minutes. If you need to sell your house, find someone who can help you decide which is best for you. And if you know someone who may benefit from this info, go ahead and share it to them.

04/14/2023

If you don't know... I love to read. I take my recommendations from lots of places... stuff I'm currently reading, Amazon, and other people's recommendations are the most common. The book I just finished was a recommendation from Jeff and Nate (a couple of my growing network of Whos)... kind of indirectly. Nonetheless, I finished Who Not How, and man was it good!

It involves a simple premise that instead of looking how to do something, find a who to help you do it. There are tons of examples in the book and a few other provoking thoughts about the application of the philosophy. I highly recommend picking it up if you're looking for a thought-provoking, insightful, shorter read that has you looking for a different (and I'm going to bet better) way of getting things done. Give this post a like if you think this might be a better way to do things.

So now with that said, who has skills that they don't know how to use or wants to partner up and join my to get some stuff done?! And tag someone or shoot me a DM if you want to start to figure out how we can become each others whos.

https://www.amazon.com/Who-Not-How.../dp/B0867ZJ151

(Picture of book for reference and link to Amazon to buy it if you want. We don't make anything off of this, so give it a read and tell us what you think.)

04/13/2023

Signs you might have a hoarder house... a pathway through stuff to get to points of interest, like a washer and dryer. This is an example of someone hoarding stuff. I have seen it be nice and neat, like bins of stuff. If you want to know if you have a hoarder house or maybe inherited one and want to know what to do with it, check out this blog.

https://www.siltrei.com/blog/selling-a-hoarder-house/

02/01/2023

Is this a deadly trap you may come to own?! You might have a family member who has one and somehow you end up in possession of it. Read our blog here to see what to do when you need to sell a hoarder house. It's a How-To guide for everything hoarding.

https://bit.ly/3HICVy0

01/31/2023

If you want to get started on a fast, fair, no obligation cash offer or you just want to find out more info about us, just scan our QR code. You'll find a link to our form, contact info, and everywhere you can connect with us. Or just click the link linktr.ee/siltrei.