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6 January 2025 | 1 reply
I’ve been involved in real estate investing for over 30 years, so if you ever have any questions or need guidance, feel free to reach out.
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8 January 2025 | 10 replies
At this time I do not have any money in an IRA its in an account provided by my employer.
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17 January 2025 | 22 replies
They are either a combination of a Maintenance/Tenant Management business or Accounting/Real Estate sales/Tenant management service.
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9 January 2025 | 43 replies
And if you do upgrade, you get an additional $50 in your wallet.To get access to these benefits, you will have to link your BP Pro account to your Invelo account.
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8 January 2025 | 4 replies
The property is livable, but I am account for a pretty significant turn in 4 - 7 years of paint, flooring, and any miscellaneous repairs that the inspector could have missed since it was occupied.
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19 January 2025 | 9 replies
I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!
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9 January 2025 | 0 replies
Closing CostsMake sure you also budget for closing costs, which are a collection of fees and payments made to the various parties involved in your transaction.
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21 January 2025 | 35 replies
Based on the excessive amount of hours spent and the lack of prior authorization as agreed upon and taking into account our prior communications regarding minimum acceptable owner distributions, I must insist at least the labor portion of the repairs be refunded.
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6 January 2025 | 9 replies
I was just hoping to transition it into LTR and since we have newer furniture that fits the space well, it just seemed a shame to sell it all to do an unfurnished LTR, but again, I'm having a hard time understanding how logistically some of the details are worked out with that with furniture involved in an LTR.Thank you again for the support!
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20 January 2025 | 37 replies
Instead of 40 houses cash flowing $200 each or $8000/month, you buy 10 houses and pay them off for a cash flow of $10,000/month with 1/4th the headache.People don't understand the amount of time, energy, and stress involved with managing a lot of doors, especially if they are lower-class properties typically needed to generate cash flow.