Steve Englehart
Cashing out IRA to buy rental properties.
3 January 2025 | 45 replies
If you are self employed with no full time employees then you should consider a Solo 401k for your traditional funds and no UBIT on leveraged real estate.
Alexandre Boustany
Digitizing a Small Real Estate Business
12 December 2024 | 2 replies
We are a team of five employees, and our work involves renting land for a number of years, designing and developing buildings, and managing them—including renting and maintenance.It’s an exciting yet challenging new chapter in my professional journey, and I’m eager to learn and grow alongside all of you.One of my key goals is to modernize our company’s workflow, which is currently reliant on traditional pen-and-paper methods.
Nick Troutman
Tips on managing properties for the first time
10 December 2024 | 5 replies
Some states allow the owner to hire employees to work on their behalf.
Albert Hepp
Are you seeing Flat Fee Buyer Agents in your market?
3 January 2025 | 26 replies
This is easy to explain and I think it would be helpful for the public to understand that agents are typically independent contractors and not employees, and that their brokerage actually receives the commission, not the agent.
Chris Yeung
Investing in Norada Funding's notes
19 December 2024 | 55 replies
As of my last update in April 2023, the definition of an accredited investor includes, but is not limited to, the following:Income: Individuals who have had an income of more than $200,000 (or $300,000 together with a spouse) for the past two years and expect the same for the current year.Net Worth: Individuals with a net worth exceeding $1 million, either alone or together with a spouse, excluding the value of the person's primary residence.Insiders: Directors, executive officers, and general partners of the company selling the securities.Professional Experience: Certain professional certifications, designations, or credentials or other credentials issued by an accredited educational institution may allow an individual to be considered accredited.Knowledgeable Employees: In the case of private funds, "knowledgeable employees" of the fund are also considered accredited investors.Institutions: Banks, partnerships, corporations, nonprofits, and trusts with assets exceeding $5 million.By imposing these criteria, Regulation D is meant to ensure that all participants in such an offering are capable of fending for themselves or sustaining the risk of loss, thus requiring less regulatory protection.Under Rule 506(c), it is not enough for an investor to simply claim accredited status.
Steve K.
Anyone Else Fed Up With Loan Servicing Companies?
8 January 2025 | 33 replies
Part of the deal, just annoying when payments don’t go through when they should and these companies are difficult to deal with (as nice as their Filipino call center employees are, I’m spending too much time on the phone with them).
Nate Jenks
Fixed vs "first responder" Adjustable rate mortgage.
11 December 2024 | 10 replies
Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained
Tanya Maslach
Investors who offer corporate rentals / MTRs for corporate buyers
8 December 2024 | 7 replies
We also follow-up with the recruiter or HR lead after each stay to tell them what a great experience we had with their employee and to ask them to think of us in the future when they need to place someone in a midterm/corporate lease.
Don M.
First time with new construction: Cape Coral, FL
20 January 2025 | 204 replies
-Cape Coral is making an effort to bring on new employees and free up employees to improve permit processing times.
Harris Lee
Doorvest experience journal
16 December 2024 | 12 replies
It was carried out through zoom so it was very convenient- The employee that I had a meeting with was really professional and nice.