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27 November 2024 | 48 replies
you're trying to increase the ARV as much as you can and then refinance and with rates high, you'll probably be at break even or even negative.and it's very risky to use 100% leverage.
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3 December 2024 | 40 replies
When I sold my properties, the price did not increase much (though there was still a slight profit, couple with the rental I had over the years and currency gain (bought when USD was low and sold when USD was high).
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25 November 2024 | 12 replies
They got us 10 DLC approved fast and we've been able to increase our texting volume to 1k texts a day with no problems.
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23 November 2024 | 9 replies
If you don't have savings to get more property, the leverage would only increase and the risk so why risk something when you are creating a strong foundation?
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27 November 2024 | 8 replies
Option C (selling) simplifies finances and provides a large lump sum (~$270K), but triggers significant capital gains taxes, potentially increasing Social Security taxation and Medicare premiums.
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28 November 2024 | 5 replies
There should be other options, however with an LLC and fourplex - yes, DSCR is by far most likely to be your best option unless you do the heavy lifting with local banks and credit unions (and these are increasingly not great options for this type of stuff as they move painfully slow and are under lots of regulations and restrictions)2) I haven't yet reached out local banks, but seeing the quotes from brokers makes me wondering if Banks may be better?
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24 November 2024 | 1 reply
Converting the entire property to a rental later allows full deductions but eliminates primary residence tax benefits, potentially increasing capital gains taxes on sale.
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27 November 2024 | 11 replies
Improved DSCR: If a company’s DSCR has increased significantly since the original loan was taken out, it may qualify for better interest rates or terms, making refinancing advantageous.2.
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26 November 2024 | 12 replies
There rental rate will increase with inflation and time.
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26 November 2024 | 6 replies
•Increased Security: Enhanced penalties act as a deterrent, helping to keep your property secure from unlawful occupation.