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15 November 2024 | 25 replies
@Angel Fabricio Aguilar Ortega "The most benefit for Real Estate in the US now would be smart contracts to exchangeTitle,Notes, Funds"This is the part Im interested in, I think that building a Dapp to facilitate this part of a RE transaction can be a huge benefit to the current system.
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)
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27 November 2024 | 16 replies
Today's math is 10-15% down, and re-house hack every 3-7 years.In italics, this is a fine goal but be realistic.
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26 November 2024 | 17 replies
It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.
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20 November 2024 | 8 replies
Love that you have been in the RE game for so long!
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27 November 2024 | 13 replies
Don't be in rush to buy RE unless you narrow down your location and have a buy [box] ready.
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23 November 2024 | 9 replies
***To ALL my RE friends, lenders, wholesalers, closing attorneys etc (Metro Atlanta so far)***If you have ANY current or past deals with any of these names, let me know!
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20 November 2024 | 7 replies
I have a nice recommendation list of providers from my RE agent, but a lot of those do not provide coverage for a Quad property as supposedly they are considered a commercial property.So I wanted to ask here1.
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26 November 2024 | 86 replies
This must be very unfortunate for the investors because they had only sourced 70% debt so 30% of the equity from investors went poof..Re: threat of legal letter, personally I would post that online and say "wow, see the response I finally get"...
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21 November 2024 | 3 replies
I am new to RE investing and I am learning right now before I make my first moves.