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12 February 2025 | 20 replies
Basically from the foundation up.
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24 February 2025 | 5 replies
It is maybe a couple thousand dollar up-front cost for the developers to determine the viability of a project.I work with experienced developers, who could perform & gather all this data on their own if they really wanted to, but the value that an engineer brings on these is typically worth their time & small cost.
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23 February 2025 | 10 replies
So charge up a card and transfer it.
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20 February 2025 | 2 replies
Look up the loan officer and not the company (do they have any online reviews or social media presence; if possible look up their production numbers to see if they are any good)4.
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24 February 2025 | 5 replies
While it seems like there are some better priced deals lately, you may have to be prepared to put down 30-40% down.I'd say due to the lack of homes for sale, you should be open to many if not most cities depending on the deal that comes up.
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18 February 2025 | 4 replies
Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes.
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21 February 2025 | 6 replies
The IRS won’t allow this as a legitimate deduction.No Tax Benefit from Self-RentEven if you set it up through an S-Corp (which is more complicated), the rent payments you make would be taxable income to the S-Corp.
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19 February 2025 | 0 replies
Instead, as with a lot of south Florida wholesale deals- we ended up replacing and having to fix things that were covered up and two years later she was ready to go.
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20 January 2025 | 3 replies
Transparency is key—being honest will help you avoid unnecessary stress and ensure peace of mind.
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23 February 2025 | 5 replies
I have been referring the people to the prequalification form that RentRedi uses prior to setting up a viewing.