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31 January 2025 | 22 replies
I might put 2 o 3 properties per LLC to lower the amount of LLCs and fees.Question: Why is preferred to use a warranty deed, instead of a quit claim deed?
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31 January 2025 | 1 reply
That leaves me with 2 houses, both rented but one of them needs to go too.All this is close to the end of a dead end street.
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13 January 2025 | 11 replies
Lowering your standards invites expensive evictions and repairs.
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17 January 2025 | 4 replies
I’ve been working with several lenders for DSCR loans, but I’ve found that the fees are quite high, with minimal benefit in terms of lowering my current interest rate.
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17 January 2025 | 9 replies
Alberta, USA or anywhere else that makes sense.Or invest a close to Vancouver as you can that still cashflows.
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21 February 2025 | 17 replies
Which most lenders frown upon you utilizing a HELOC to cover EMD, Closing, and Down Payment.
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13 February 2025 | 9 replies
The IRS may scrutinize such transactions, especially if the "swap and drop" occurs too close in time.If the partnership has to be dissolved immediately it will be tough to sell the one property and defer taxes individually.
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30 January 2025 | 2 replies
We are closing on a 2/1 condo tomorrow with a small fenced backyard and a metal storage shed.
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22 January 2025 | 0 replies
Unlike banks, which offer limited loan options, brokers have access to a wide network of lenders, including niche and non-traditional financing sources.Here’s what they do:Assess your financial situation to determine your borrowing power.Compare multiple loan products to find the most favorable terms.Negotiate rates and terms with lenders on your behalf.Guide you through the application process, ensuring you meet all requirements.Example: Suppose you have a lower credit score or unconventional income sources.
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3 February 2025 | 15 replies
The struggle comes when you plan to sell, pay close attention to how the bank would treat the loan in the event you would sell.Even though its a bit more work, banks are typically open to these loans as it provides them with additional collateral in the event of default.