All Forum Posts by: Christian Hanus

 Yes it’s all on you Ke Nan. Make me proud.

I’ve gotten multiple quotes for retaining wall and driveway replacement. If I want to replace what’s already there (in very bad condition) it’ll cost $12k. For $20k I could add a little parking pad to the right and add a retaining wall to that side of the yard as well. Is the $8k worth it?

I own an investment property in my personal name that I purchased last year, this was done before I started my LLC. My LLC is currently doing a flip on a home that I anticipate closing middle of summer. My LLC's main purpose is for real estate investing, not general contracting or anything like that. My question is, can I hire my own LLC for $100 to renovate the property I purchased last year in my own personal name? By doing this I anticipate losses of around $5k-$10k in my LLC's name, which would help offset some of the capital gains from my flip.

I know 1031 is an option but if I can offset losses in my LLC I'd rather do that and 1031 whatever gains are left.

Hi everyone, I know different people have different preferred methods for how to pay for their flips. I was wondering, for those who have done it on a business credit card, which one is the best to use. I’m looking for something with 0% interest in the first 12 months and a large enough limit to complete a cosmetic flip. Any suggestions?

What products are there that allow for less than 20-25%? Besides owner occupant loans. 

Hello all,

I recently closed on my first rental property last November and things are going well with it. Of course, now that I have my primary and one rental property, my next goal is to start scaling. I'm trying to figure out what the best method is today without having to wait until I have 25% saved up from my W2 earnings for every purchase. Here are the different methods I've thought about but haven't had much success with lately. What have other people done to scale faster?

1) Owner financing with DP less than 20%, some sellers open to it but typically not for less than 20% from what I've ask realtors.

2) Cash out refinance. Doesn't make any sense on my primary with the low interest rate it has. The rental property hasn't appreciated enough in 3 months for a cash-out refinance to make sense.

3) Third and what I think might be the most promising is finding a lender to take a second lien on either primary or investment property but it sounds like most lenders haven't had an appetite for that since the end of 2022/beginning of 2023.

I'd love any suggestions on how to start the snowballing effect going now instead of having to wait to get 20-25% down for another purchase. Thanks in advance.

In the process of purchasing my first multifamily property and have a general question regarding the mtm leases that are in place. The current lease they’re on describes how to submit payment to owner, obviously that will change once I own the property. How would that work? Hopefully it should be easy since it’s mtm but would I have to give a 30 day notice of rent increase and wait until the month after for that or could I do that without a 30 day notice? How would you change the person to give rent to if they’re on a 12 month lease without changing the lease out of curiosity?

Hello,

I've got PMI on my primary residence that I want to get removed due to natural appreciation and home improvements we've made. I've already gotten in touch with my lender to find out how this would be done. They told me an appraisal would have to be ordered. My question is relatively simple, would my county/local ordinance have any way of finding out what it appraised for on this new appraisal? I don't want my assessed value to increase for property taxes, I don't think they'd have any way of finding out since it's a conventional low down payment but figured I would double-check.

 Thanks Carlos!