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All Forum Posts by: Account Closed

Account Closed has started 6 posts and replied 12 times.

Post: Residential Assisted Living - Tax write off Question?

Account ClosedPosted
  • United States
  • Posts 14
  • Votes 3

Thank you Natalie.

Justin, do you know the demand for ''Rental Residential Assisted Living Facilities''? I plan on buying properties in the right locations and update them to meet the standards for the RAL facilities and rent them to operators.

Post: Residential Assisted Living - Tax write off Question?

Account ClosedPosted
  • United States
  • Posts 14
  • Votes 3

Hello guys,

If I own a property and use it as a licenced (Residential Assisted Living) business, can I write off my property depreciation? Can I legally rent it to myself through a separate entity and write that off as well?

Navid

Post: Owner financing my 400k house

Account ClosedPosted
  • United States
  • Posts 14
  • Votes 3

Hello everyone,

If I own a $ 400k property outright, how can I owner finance it?

What would be a feasible interest rate and down payment for this property? What would be my monthly check?

I would need to consider a 30 year mortgage plus a three-year balloon.

This property is located in Central Florida. Orlando

Thank you

Navid

Post: Unlimited Mortgage loans

Account ClosedPosted
  • United States
  • Posts 14
  • Votes 3

Hello guys,

How is it possible to finance as many as rental properties that I want without proof of income or w2, etc... ?

For instance, how can I finance about 40 rental properties with cash flow of $200 (net)  a month each and make 8k/monthly? ( I have only 500k in cash)

Thank you.

Post: How would you invest 500k in Real Estate to make + 5k monthy?

Account ClosedPosted
  • United States
  • Posts 14
  • Votes 3

@Steven Bond I plan to invest in central Florida. I'm in my 30s and I'm seeking for a business/investing model to make at least 10k in in the next 3 years.

Post: How would you invest 500k in Real Estate to make + 5k monthy?

Account ClosedPosted
  • United States
  • Posts 14
  • Votes 3

@Jay Hinrichs

Thank you for the clarifications. What would be the net income (after taxes, insurance, etc...)?

Post: How would you invest 500k in Real Estate to make + 5k monthy?

Account ClosedPosted
  • United States
  • Posts 14
  • Votes 3

@Jay HinrichsSo if I invest 250k as a HML with 12% and one point for a period of 6 months, I can make about $5400 a month for that period and if I do another deal with the same rate and investment I can make another $ 5400 for the rest of the year...so I can make about 64k a year? I'm I getting it right or not?

Post: How would you invest 500k in Real Estate to make + 5k monthy?

Account ClosedPosted
  • United States
  • Posts 14
  • Votes 3

Hello,

How would you invest 500k in real estate to make at least 5k a month without high risk and any hassle? How would you make it to 8k or 10k a month after a couple of years?

Thank you

Post: How to become a Hard Money Lender in Florida?

Account ClosedPosted
  • United States
  • Posts 14
  • Votes 3

Hello guys,

I'm interested to become a hard money lender in the state of Florida. What is the requirement to become a HML in Florida? Do I need any license?

I have $ 500,000 in cash and willing to get into this type of investment. How should I start as a HML and how much profit can I expect each month and how can I expand it.

Regards,

Post: How to make 10k a month through rental property?

Account ClosedPosted
  • United States
  • Posts 14
  • Votes 3

Is it possible to increase my rental portfolio without holding a full-time job? How can I finance multiple rental properties without proof of income?