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13 July 2024 | 5 replies
If you're serious about this, you should definitely consult an attorney.I am not one, but here are some things I've learned from playing around with these types of things:--Trusts are excellent vehicles for anonymity--You can hire a professional fiduciary (like an attorney) to act as trustee so the public contact is not easily affiliated with you.
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12 July 2024 | 8 replies
This is one of those situation where the HELOC on your primary residence would be easier to get, especially while you have excellent credit scores.
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13 July 2024 | 51 replies
@Jordan Gregg this is excellent info, thank you very much for being so candid.
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10 July 2024 | 24 replies
I am much more into forced equity and getting into larger projects myself, but I live right here and have built an excellent team around me.
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10 July 2024 | 1 reply
They have excellent payment history, and their credit can be explained with a history of opening several credit cards and a brief period during covid with a few missed payments.
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10 July 2024 | 19 replies
I can attest to the doc sets being comprehensive and templates being excellent.
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10 July 2024 | 6 replies
I love that you rented two of your bedrooms as mid term and short term rentals and made enough to pay for the mortgage and now you are going to use the rental income to show you can qualify for another property.This is an excellent strategy and one more people should consider doing in this inflationary environment to offset the biggest cost in their budget--housing.As you rightly point out, you can use this strategy with every house you buy accumulating a portfolio of houses that you originally started out living in as a primary residence every two years.Well done and more people should consider doing the same, or rent their garage, or shed, or a boat, or an extra car.Love it!
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11 July 2024 | 17 replies
If you are looking for someone to teach you syndication, a common thread is to start a thought leadership platform: podcast, post on LinkedIn, post on BP, create YouTube content.I would say, if you have almost no understanding of what Cap rates are, the basics of underwriting and excel modeling, how to find brokers, etc a mentor can help accelerate your learning.