Mark A. McElhannon
Basic approach to secure financing on an investment property
8 January 2025 | 7 replies
https://nationalmortgageprofessional.com/news/study-reveals-....Not sure BP will allow that link to post, if not just google " 10000 saved using a broker vs direct lender" and you can find the article.On the flip side, there are some banks and credit unions that could offer products that they do not allow to be brokered.
Ryan Daulton
Benefits of self-directed IRAs
14 January 2025 | 18 replies
I'm guessing though that since the IRA owner isn't allowed to take out a salary, perhaps the SDIRA LLC will be required to hire employees?
Joshua Piche
Im looking to move out this year and house hack my first property
7 January 2025 | 12 replies
. - This will allow low down payment and the 203(k) allows repairs to be financed into the purchase mortgage.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.
Jose Mejia
refinancing a property from hard money lender
13 January 2025 | 14 replies
If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.
Leeling Chew
Should all tenants fill out rental application, or only the one who pays the rent?
10 January 2025 | 8 replies
This is critical for protecting yourself, your property, and your neighborhood.Here’s why:Safety Concerns:Skipping checks could allow someone with a serious criminal history—like a sex offender or violent felon—into your property.
Tyler Davis
QuickBooks Plan for Managing Rental Properties
7 January 2025 | 3 replies
As you said, this allows you to track LLCs (locations) and properties (classes and/or customers).
Sol Romand
Convert medical office to residential
14 January 2025 | 1 reply
My starting questions so far are* If zoning allows multi-family, would I need any zoning approvals for a conversion?
JoLea Conn
Golden Capital Holdings llc?
18 January 2025 | 3 replies
However short contract period allows you to pursue other avenues to sell if the wholesaler can't execute on the terms they offered.
Mike Barone
Fix and Flip Hollywood Florida Townhouse
10 January 2025 | 0 replies
This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.The increased budget allowed us to enhance the property's overall value significantly, and we were able to sell it for a much higher price than initially anticipated.
Mike Barone
Fix and Flip Hollywood Florida Townhouse
10 January 2025 | 0 replies
This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.The increased budget allowed us to enhance the property's overall value significantly, and we were able to sell it for a much higher price than initially anticipated.