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11 February 2025 | 4 replies
Feel free to ask any questions you may have regarding Freddie Mac and Fannie Mae multifamily financing in the comments - or DM me directly.
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20 January 2025 | 23 replies
Quote from @Diandre Pierce: I have 7 rentals with a total available equity of roughly 800K.
22 January 2025 | 14 replies
They will issue an IRS Form 1099 in January, reporting your total taxable income to you and the IRS.
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22 January 2025 | 1 reply
For a 90-unit project, this could result in a tax credit of $180,000, and for a 112-unit project, the tax credit could total $224,000.
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24 January 2025 | 42 replies
So, if you put in 20K, you could set the bid up to the amount of the 100K total debt(80K existing + 20K additional) to ensure that the property reverts to you as the lender.
27 January 2025 | 8 replies
Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.
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5 February 2025 | 7 replies
Feel free to reach out if you have any questions.
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27 January 2025 | 35 replies
Google the term UBIT.Tom Wheelwright has a chapter on why you don't want to do this in his book Tax Free Wealth.
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21 January 2025 | 20 replies
Yes, I’ve got a mortgage on it now, but my cash flow went from only $1000/month to $2400/month and I picked up 3 more properties basically for free with no out of pocket cash to buy them.
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24 January 2025 | 5 replies
With the equity you’d free up, paying off $50k in personal debt and boosting your credit score while freeing up $3k/month sounds like it could significantly lower your stress and open doors for future projects.That said, selling means you’d lose a cash-flowing asset, even if it’s not huge.