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13 December 2024 | 2 replies
Assumption by an EntityUnfortunately, assuming a VA loan directly through a legal entity (such as an LLC, corporation, or trust) is typically not allowed because:Primary Residence Requirement: VA loans are designed for owner-occupied properties, meaning the assuming borrower must intend to live in the property as their primary residence.Credit Review: The VA and lender require the assuming party to undergo a personal credit and income review to ensure repayment ability, which entities cannot satisfy.3.
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3 December 2024 | 7 replies
Any direction from current multi family home landlords are appreciated.Looking to put down up to $100K in down payment. 3-4 unit homes are my target1.
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14 December 2024 | 101 replies
They also had a separate program iterally and figuratively for $299 per month where they they would send directly to your email about 5-8 trade recommendations per month where they would literally show you what option trade to do, at what price or net debit or net credit, etc.
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9 December 2024 | 24 replies
The HML/PMLs generally have more "flexible" or "creative" lending terms (higher LTARVs and longer amort), but the trade off is higher interest rates.
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13 December 2024 | 5 replies
I am going the exact opposite direction, we have two accounts.
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12 December 2024 | 6 replies
I hope you are asking two separate unrelated questions, because there's no point in doing cost segregation for properties held inside your self-directed solo 401k, save for some very rare exceptions.Some of the Bigger Pockets experts who operate reputable costs segregation companies are @Bernard Reisz, @Yonah Weiss and @Julio GonzalezSome of the Bigger Pockets experts who offer Solo 401k administrator services are @Dmitriy Fomichenko, again @Bernard Reisz and @Brian EastmanReach out to them and see if they can help.
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11 December 2024 | 3 replies
I’m Daniel Vargas, and I'm well experienced in Real Estate wholesaling, While I can’t promote my company directly, I’m looking to connect with cash buyers in the South Florida markets such as Palm Beach, Miami, and Broward, I’d love to hear from anyone who has successfully built relationships with investors there.• What strategies or platforms have you found most effective for connecting with them?
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11 December 2024 | 3 replies
Appreciate it, I will look that direction
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16 December 2024 | 35 replies
Microsoft Excel, and most budget or free online bookkeeping isn't going to cut it in this situation.For the rental properties you own directly, I often tell clients and prospects that a P&L in Microsoft Excel is just fine and a balance sheet is not necessary for tax purposes.
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16 December 2024 | 7 replies
First, almost all properties are either placed with a broker for sale or directly listed on the major property sale websites.