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6 January 2025 | 8 replies
I've talked to lots of California and a few NYC investors that have lost money (including myself) who bought inexpensive properties in the Midwest mostly and a few in the South (Class C is volatile). - some strategies I've seen California investors use to lessen negative cash flow: house hacking, mid-term rentals (people temporarily displaced from home renovation or insurance reasons like fire), rent by the room, Short Term Rentals. - The ultimate house hack, live in the small ADU unit and rent out the two levels of the main house on AirBnb in San Francisco (I would have thought STRs are oversaturated in S.F. but it worked for them and they stay fully booked).
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7 January 2025 | 3 replies
It’s a good idea to work with a qualified intermediary and a tax advisor to ensure everything is structured properly and you’re clear on any tax implications.
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7 January 2025 | 5 replies
There is statutory, and as you pointed out, now Fannie/Freddie guidelines, that exempt many transfers from being subject to the Due On Sale Clause...asset protection/estate planning purposes are covered.
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7 January 2025 | 6 replies
These platforms are affordable and offer comprehensive reports (credit, background, eviction history) without you having to handle sensitive information directly.Verify Employment and Landlord History: Your plan to request pay stubs and a landlord reference is solid.
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17 January 2025 | 22 replies
It's a lot of work upfront but once the team and systems are established it gets easier and as you get better you can expand to another city.
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23 January 2025 | 165 replies
So you give us contradiction and a deafening silence as to those who are too poor (no, insufficient, insurance) or are unwilling to pay/co-operate.Woolly thinking on your part, Jim.
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8 January 2025 | 10 replies
The regulation was ruled illegal and a permanent injunction was issued.
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25 January 2025 | 155 replies
If I thought for one minute there was a big market for EM deposits and a reliable bevy of potential clients I would be all over funding 7 figures .. but even with all my experience in lending I jsut dont see it personally and maybe I am blind to it but I close a lot of deals for wholesalers 10 to 20 each and every month for years..
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6 January 2025 | 0 replies
This deal highlights the power of well-executed renovations and a strong partnership in achieving impressive profits.
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9 January 2025 | 21 replies
So, create status codes for both of these and a few in-between codes to help you work smarter, not harder.