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23 January 2025 | 20 replies
Most of the time, people who have never even made an offer end up with 2-3 submitted LOIs in the first 1-2 weeks, and we celebrate small victories like that to build momentum and confidence.
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19 January 2025 | 27 replies
What you have is noise...the tenant elected to stay in the property during the repairs which you made promptly.
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15 January 2025 | 15 replies
I made the mistake of renting my single-family house in Alpharetta to a tenant with a credit score in the 500s in December 2023.
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14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
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16 January 2025 | 11 replies
I also probably wasn't as educated as I should have made myself, so I'm sure there were decisions that could have been handled better.Part of the reason I wasn't willing to deal with the hassles was because I had 3 young kids.
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27 January 2025 | 21 replies
I told a lot of people about this and I'm sure it got back to him as people were made aware of his character quality.
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14 January 2025 | 15 replies
To a point made by another person who commented, you may be able to have a lender do a 'one-off' portfolio loan at a 95% LTV if they trust you enough . good luck.
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29 December 2024 | 9 replies
The data points they use made me feel like it got my pricing right and I feel much more confident about what my nightly and seasonal rates are now.
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10 January 2025 | 1 reply
Purchase price: $545,000 Cash invested: $545,000 What made you interested in investing in this type of deal?
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21 January 2025 | 14 replies
I recently did one where the lender did allow it but that was because of our position as a great customer of the bank and our impeccable credit record.