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6 September 2024 | 28 replies
@Brady Herbaugh- thanks ...a house hack where you live in the property you buy is the best step to take for your 1st investment...make sure you get pre approved for a loan before you begin to search for a property
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3 September 2024 | 6 replies
Mobile home parks can provide consistent income, and if you manage it well, they could become a significant source of cash flow.
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5 September 2024 | 13 replies
If financing part of the replacement property(ies), secure pre-approval.
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4 September 2024 | 14 replies
An auto dealer who owns an empty lot across the street from his establishment wanted to get approval for a parking lot to park his cars in the lot rather than on the sidewalks when the city cracked down on it.
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3 September 2024 | 10 replies
Mostly duplexes, however we just finished an 11 unit build and have approved plans for a similar 7 unit project coming up.
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4 September 2024 | 7 replies
I would say compare terms, seasoning period requirements (Assuming when you mentioned construction loan you're talking about a rehab project), response time of your rep, learn as much about their loan underwriting and approval process as you can.
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3 September 2024 | 2 replies
Keep in mind that the changes made to STATE approved contracts will vary.
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31 August 2024 | 5 replies
@Frank Rolfe's Mobile Home Park Bootcamp is the gold standard!
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3 September 2024 | 7 replies
So I have an llc and business account set up for that llc, but I just bought a duplex with an fha loan which isn't in the llc because I couldn't get fha approved for the llc.
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3 September 2024 | 0 replies
There are specific rules for 1031 exchanges including:The replacement property must be identified within 45 days of transferring the relinquished property.The replacement property must be received within 180 days after the transfer of the relinquished property or the due date of the taxpayer's tax return, whichever is earlier.Special rules apply for exchanges between related parties (defined in § 267(b) or 707(b)(1)).Real property located in the United States and real property located outside the United States are not considered property of like kind.Cost Segregation StudiesA Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.