Roman Stefaniw
Arms length Mortgages/Private Lending
14 January 2025 | 15 replies
It's been a few years since I last updated the list of providers (there are older threads on this topic here on BP), but at last blush there were five trust companies offering the ability to write and service mortgages from registered accounts:B2B BankCanada Western TrustOlympia TrustEastern TrustCommunity Trust CompanyOf these, Canada Western and Olympia has the best offerings at the time.
Rachel Payton
Insuring a 100 year old apartment bldg
3 January 2025 | 1 reply
The building is 100 years old, but solid with regular maintenance and updates.
Sheila Steubing
REI GAME CHANGERS Reviews James Hodges
17 January 2025 | 19 replies
Quote from @Jordan Gibbs: Quote from @Lindsey Pinkham: Any update on if anyone has done this program?!
Mike Beer
Has anyone tried the RaiseMasters program by Hunter Thompson
14 January 2025 | 39 replies
You can ping me in this thread for an update anytime.
Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
21 January 2025 | 6 replies
Gifting equity in a house may be more trouble than it is worth if you are not near the life-time exclusion1) Potentially having to get the property appraised everytime an equity is gifted2) Having a title company update the title every time3) Exemption of the gift tax return is normally for cash gifts below the annual gift tax exclusion, you may still need to file if you gift non-cash4) If there is partial ownership over several years, having to properly pro-rate certain items such as real estate taxes, mortgage interest and rental income if the property is a rentalBest of luck
Nathan Frost
Update - Detroit Deal
18 December 2024 | 45 replies
Hi all, curious on any advice or tips here. Inspection was schedule for today but when the inspector / my realtor arrive the power is off. They also noticed the furnace and hot water tank is missing / stolen. Selle...
Dave Schimmels
Rental comp calculation
3 January 2025 | 6 replies
I've been updating things that need it and lucky enough, I can do the work myself to keep cost down for now, only because it be my first rental.any advise would be much appreciated.
Victor Adekunle
3 Proven Strategies to Help Real Estate Investors Generate More Deals & Maximize ROI
14 January 2025 | 0 replies
Stay consistent with follow-ups, sharing updates on new opportunities.Pro Tip: Host a webinar or in-person event to connect with potential lenders and answer their questions.Why It Works:Credibility and transparency make lenders more comfortable investing in your deals.What Do You Think?
Van Lam
Cash Out Refinance
11 January 2025 | 7 replies
So, if your current rent roll is still on the lower side, it could limit the amount you can borrow right now.However, if you have even a partial track record showing improvements.. say a few of the units are already updated and attracting higher rents.. a lender might take that into consideration when underwriting.
Karma Abdula
Partnered Success in Arlington
31 December 2024 | 0 replies
Purchased for $139,999 using a mix of cash and hard money, we revamped it with modern updates, including a new kitchen, flooring, and fresh paint.The property rented for three years, generating steady cash flow of $450/month.