Cody Maxwell
SPEC homes line of credit
29 December 2024 | 7 replies
Through your local bank that you are using, are you reapplying for each new home for a seperate construction loan or are you setup as a credit line with them and just submit a new budget for each new home 7 mil credit line ... new budget for each plan that has been pre appraised in the MAI at the beginning of the project.. they did have to update the Mai last summer but again did it at their cost not mine.. banks have to paper their files.. even though we are selling the same floor plans for 100k more per plan than the original numbers came it at and bank has been paid and has all the closing statements showing this data..
Julian Zamora
How do I pass the NMLS SAFE Mortgage Loan Originator Test?
10 January 2025 | 7 replies
I've been informed that completing the course alone may not be sufficient to pass the exam, so I’m seeking advice on how to prepare effectively once I complete it.Currently, my only other resources include a YouTube video, five practice exams, and a textbook.If you have any additional suggestions—whether online or in-person, paid or free—that could help me effectively prepare for the exam, I would greatly appreciate them.
Jon Martin
BiggerPockets Real Estate & On the Market are Starting to sound like the same show
17 January 2025 | 3 replies
OTM was more a round table discussion of current events, predictions, news etc as it related to real estate, where the hosts also provide some great personal stories that relate to the topics discussed.
Rebecca Gona
New to STR -Excited but scared- need to learn!
25 January 2025 | 12 replies
Personally I would want to manage the rental myself at least in the beginning to make sure you get good ratings.
Ven Bud
Rookie question on negative cashflow investment
13 January 2025 | 7 replies
Hi Ven, I personally consider properties that at least cash flow with full occupancy.
David Lewis
Boston - Has the ship sailed?
23 January 2025 | 45 replies
Personally I think there are great opportunities in Dover, Somersworth and Rochester.
Michael Plaks
EXPLAINED: How to find a CPA focused on real estate
9 January 2025 | 20 replies
There's a common belief that your tax person should also be an investor themselves.
Alicia Howard
RV Depreciation for 2024 taxes
15 January 2025 | 5 replies
If the RV is not permanently affixed and retains mobility, it is considered personal property and depreciated over 5 years under the Modified Accelerated Cost Recovery System (MACRS).
Nick M.
Michigan Sales/lodging tax collection and payment
16 January 2025 | 7 replies
I just set up my vrbo account and still some finer details about planning the communication, cleaning service, maintenance persons, etc…
Shiloh Lundahl
New Partnership Model
4 February 2025 | 87 replies
I personally do three types of lease options.