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4 August 2024 | 5 replies
Keeping each LLC’s financials distinct helps prevent this risk.Insurance: Having adequate insurance coverage for each property and ensuring it aligns with the LLC structure can also be a vital component of risk management.Legal Counsel: Regularly consult with your real estate attorney to ensure your structure and practices align with your protective strategy.In conclusion, while running everything through your holding company might simplify bookkeeping initially, consider long-term implications and ensure you are safeguarding each property and your overall investment effectively.
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6 August 2024 | 5 replies
What I did: Purchase a duplex -> force equity with repairs -> increase rent to make more cashflow -> refinance based on the increased value and lower my payments Basically a BRRRR except as a primary residence there wasn't all that much cash put in so I only got $7k back out.
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5 August 2024 | 3 replies
This makes the BRRRR strategy a bit more difficult to pencil because the same leverage cannot always be achieved (with some exceptions of course).
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7 August 2024 | 23 replies
But our product was/is nicer so we are out selling the other developments regardless of commissions offered except Lennar as they are hundreds of thousands cheaper for same sq foot.. and I think my wife double ends almost half our sales..
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5 August 2024 | 15 replies
In our case, we would absolutely call the loan after 6 months unless there was reason for an exception.
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5 August 2024 | 8 replies
They had met or exceeded all our qualification standards, except for their credit score, because of the supposed identity theft.
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4 August 2024 | 12 replies
Basically it limits STR numbers except Mission Beach.
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4 August 2024 | 13 replies
For second homes and investment properties he showed jumbo loan amounts up to $1M or by exception.
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1 August 2024 | 0 replies
However, it’s time we start recognizing them for what they truly are: an affordable housing option for those who want to live independently on a budget.Rooming houses provide a vital solution in today's housing market, offering flexibility and affordability.
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2 August 2024 | 4 replies
I have emailed keith tomeo and jared repeatedly asking them to get this resolved and so far--crickets (except for keith trying to sucker me into a new loan stating the problem would be resolved).