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21 October 2024 | 8 replies
Long term rentals are unattractive in CA imo especially since you can earn a lot more with different rental strategies even doing mid term rentals will still probably be more profitable than doing a long term rental.As far as hiring a contractor or bringing in subs for each item that will come down to how much you want to be involved, you'll save money finding and subbing out individual jobs but it will take you longer and you will need to manage everyone you hire and contract to do business with whereas a contractor will manage all that for you but there will be a premium put onto the price obviously for that.
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18 October 2024 | 16 replies
I’m a beginning investor and am trying to wrap my head around the tax benefits involved with real estate.
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18 October 2024 | 8 replies
DSCR loans don't require personal income verification or a debt-to-income ratio, making them ideal for properties with strong cash flow, even if the current owner has credit issues.Here's how it could work:You could use a DSCR loan to refinance the hard money loan, securing more favorable terms without having to involve the seller's credit.Since the rental income easily covers the property’s debt service, you’ll be in a good position for lender approval, bypassing the conventional mortgage route.This approach could allow the owner to stay in the house, while you take over financing with a less restrictive structure.
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18 October 2024 | 0 replies
While previous offers were rejected, this latest proposal has prompted the company to reassess its options.In conjunction with these closures, Seven & I has announced a $520 million sale-leaseback transaction involving several 7-Eleven locations and plans to create a spinoff for its non-convenience store operations.
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19 October 2024 | 5 replies
Seller financing is very hard to get.Most seller has the intent of collecting all the money upfront for a new property.To entice the seller to accept a low down payment, agree to the purchase price without negotiating, cover the closing costs and if there are any commissions involved with brokers/agents.
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17 October 2024 | 10 replies
If you are in a relationship and want to invest, there is one thing you must be sure of before you start your journey.You have to be on the same page about real estate investing.Almost every story of a successful investor has a cooperative partnership and agreed view on investing as a couple (and a plan for the kids if they have them).Both parties don't have to have the same level of involvement.
30 October 2024 | 94 replies
Get yourself in front of it first, you also completely ignored any risk factors(for reserves).And trust me, as someone who bought 40 + in one year, there's a ton more work and a ton, ton more capital involved.
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17 October 2024 | 3 replies
This involves updating the property records and ensuring that all units are now under a single tax identification number.
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18 October 2024 | 2 replies
It typically involves the following steps:1.Seller Deliverables.
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17 October 2024 | 12 replies
It isn't something you can pick up in a few Forum posts.Honestly, if you need private funding, you're best off finding an experienced private lender and doing at least one deal with them to at least see what's involved, long before involving your friends and family.That is, unless you don't particularly like having friends and family...