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9 January 2025 | 9 replies
A private investor will want to see a few successful deals before taking out large sums as a debt loan.
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2 January 2025 | 8 replies
Quote from @Charles Fay: Hello all, first time posting and wanted to ask for your advice.currently in the military awaiting a 9-12 deployment within the next 6 months.I will have ~150k savings after deployment, 85k before, with no debt, payments or anything other than basic bills, 750+ credit.
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5 February 2025 | 69 replies
I was one of the fortunate ones that was able to get out of the contract and after all expenses (forfeited deposit, legal fees, holding costs, etc) lost less than $20k.
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6 January 2025 | 5 replies
Confirm with the solar company if the loan is transferable and review terms carefully—it’s a potential hurdle with lenders or resale.A DSCR (Debt Service Coverage Ratio) loan might be an option since you’re focused on rental income.
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25 January 2025 | 155 replies
And never being “at risk” is it even sufficient to legally bind a seller?
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13 January 2025 | 27 replies
NJ is very tenant friendly state on the legal side.
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9 January 2025 | 11 replies
(more legal fees, business fees vs. renovations).Research Points: §1.263A-1T§195(c)(1)Ervin E.
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5 January 2025 | 5 replies
I've seen landlords live in blissful ignorance for 5-10 years due to dumb luck, then their world comes crashing down and they lose everything.I have a book, there are some in the BP bookstore, or you can check out one of my personal favorites, Every Landlord's Legal Guide by NOLO.
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4 January 2025 | 16 replies
Helps with your debt to income, better opportunities at cash flow, and typically requires less down to purchase.In regards to challenges, I usually build in an extra 10-15% to deal with things that I can't see behind the walls, including dry rot, electrical or plumbing issues, etc.
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23 December 2024 | 6 replies
Yes it's definitely legal, and I've sold a few this way.