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All Forum Posts by: MIchael McCUe

MIchael McCUe has started 23 posts and replied 52 times.

Hello I dont know how to do all the rennovations I see my brothier doing at his rental project, I just feel like at a base leval I dont know anything no matter the history and work, how am I going to buy my first deal when I dont know ****  pleas help me dial it out of this hell  

refering to the rehab skills mainly

how to deduct all deffered maintances and otherwise I make 1k a mouth but what happens when a major rennovation takes place

i was told by a few people on bigger pockets and bank manager assume , not the amount you need but enough to help if you got money on your own to add,

for rental property, also will i be able to payinto that or is it more fixed to compartmentalized amount. for a better expense ratio on the 5-10 grand

Hello I hear their are unsecured loans I can acquire via my income history I believe they give you an income of 20% of the loan now can I pay into the debt replacing pre existing gray space the remaining 80% or will it remain outside as a new amount, hopefully that's understandable.

also if I earn $30,000  annually what amount do they let me receive, thanks appreciate entirely.

 with expense at 2k  current with rent and car could save around 20k in 3~4 or 80k total in 4-6 months from 3

1 if i get a deal hear should I proceed

2 less makes more is this best advice

3 flip advice I guess

contracting 3 mouth from now i assume hear

Basically I'm investing with 35 grand Canadian FHA or conventional brokers seem to say conventional but I can't even afford a conventional what is the exact truth here I can't tell.

Judicial,Collateral,Unsecured,Secured,Seller,Syndication ~ confirmed 

Mortgage Brokers (sophistication, in lending terms) "15% ROI Margins" ~ confirmed ROI unknown tho…

Tax attorney(Roth,Judicial, Sophistication) "10% ROI"  Unknown*

Accountants (how much and where Terms infrastructure legalities) 7% ROI Unknown*

Mortgage broker (lending acquisition all major lenders ,TD,RBC……. Non deductible, Better Proximity securing loans) "ROIsoonest months"        Unknown*  

“Cheapest”. 2nd. 3rd     Unknown* 

Deals, Off Market, brokerage, government,

4th

Judicial,


Move to USA 1031


Tenant Management due diligence   Unknown*

Previous landlords Credit score,eviction record, income to debt between 40 and 60%,hours at home,Pets, poor character appearance Ie tattoos,drugs,crime,personality,dirty car.

Value Add focal points          Unknown*

Raise the rent,Rehab, maximize rooming, section 8, Reducing management “general”

Rehab etiquette       Unknown*

compartmentalizations & entry,Colours, Lighting, Fixtures & Amenities, floor, bathroom cheaper / kitchens, fixed stylization.

Quote from @Chris Seveney:
Quote from @Melanie P.:

After trying to read that I had to check a mirror to see if perhaps I had a stroke. I'm fine. Are you alright

Can I get whatever they are taking? Wow, that looks like it would bring you on some very unique journey.

Could you individually confirm each topic, my goal anyways.

Hopefully theirs an approval on this content somewhere out of this post. Or a collection of it  somewhere.

Using conventional Wisdom Kinda tough with connecting cross country and knowing very well, seem like the right forum ti help my group, brothers on the rise, we got drones and tree planting  yeahhh

Judicial,Collateral,Unsecured,Secured,Seller,Syndication

Mortgage Brokers (sophistication, in lending terms) "15% ROI Margins"

Tax attorney(Roth,Judicial, Sophistication) "10% ROI"

Accountant (how much and where Terms infrastructure legalities) 7% ROI

Mortgage broker (lending acquisition all major lenders ,TD,RBC……. Non deductible, Better Proximity securing loans) "ROI soonest months"

“Cheapest”. 2nd. 3rd

Deals, Off Market, brokerage, government,

4th

Judicial,

Move to USA 1031

Tenant Management due diligence

Previous landlords Credit score,eviction record, income to debt between 40 and 60%,hours at home,Pets, poor character appearance Ie tattoos,drugs,crime,personality,dirty car.

Value Add focal points

Raise the rent,Rehab, maximize rooming, section 8, Reducing management “general”

Rehab etiquette

compartmentalizations & entry,Colours, Lighting, Fixtures & Amenities, floor, bathroom cheaper / kitchens, fixed stylization.