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20 November 2024 | 9 replies
This can help with limiting the time your unit sits vacant.These situations can get tricky, but I always recommend staying level headed during your interactions with the tenant.The worst case scenario is the tenant ends up unhappy that you don't want them to break the lease early and/or they don't want to pay for an early lease break (hopefully defined in your lease agreement with them) and ends up damaging your property, costing more, prior to their actual move out date.
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19 November 2024 | 6 replies
But most importantly, they do not need to be paid back.Funding Sources:Local Government/MunicipalitiesState GovernmentPrivate FoundationsFederal GovernmentFamily OfficesCorporationsWhen applying for a grant, ensure you have an understanding of the details such as eligibility, your project readiness, the purpose, funding amount, areas of funding, limitations and deadlines for the application.The prime candidates for a grant are 1) those developing a real estate project or physical space, 2) scaled non-profits and 3) certified non-minority owned businesses.Ensure you are able to provide the following documents before applying for the grant:Show site control through documentationA project description or business planConceptual drawings or renderings of the physical spaceProfessionally prepared budgets for the company and projectWhat does the grant application process look like?
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10 November 2024 | 1 reply
I have been a limited partner in 65+ deals over the last 5 years.I wanted to gauge potential interest for other potential limited partners in building a free community (Skool or Slack) that focuses around education for the limited partner.
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19 November 2024 | 11 replies
There is good leverage and leverage.I grew up a cash investor and was scared of leverage, but it limited my ability to buy more properties.
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20 November 2024 | 31 replies
If a wholesaler is doing 5 deals per month with 5k EMD for each deal, that is 25k out of pocket and may limit the amount of deals that wholesaler can do.
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19 November 2024 | 6 replies
Anything below 1:1 will limit how much you can take out and will have a bit higher rate.
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19 November 2024 | 4 replies
Typically there are no prepayment penalties on hard money loans, so you can limit your holding cost if you're able to quickly complete the project and sell or refinance in a few months.
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13 November 2024 | 17 replies
You'll need to consider DTI for any of those options, which is usually the limiting factor for people as they start to scale.
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18 November 2024 | 9 replies
For many investors, an LLC acting as a Holding Company is going to offer the ability to manage the entity simply and provide limited liability protection.
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19 November 2024 | 12 replies
Quote from @Ashish Acharya: @Johnny Smith With an AGI over $150,000, Passive Activity Losses (PALs) from rentals are limited, meaning you can only carry them forward without offsetting your W2 income.