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24 February 2025 | 11 replies
Connecting with an insurance company may be helpful in placing long term tenants in a fully furnished home.
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9 February 2025 | 6 replies
Just outline expectations and roles, and what each of you guys are going to do, and how properties will be acquired and how they will be disposed of, and how and when money will be taken out of the company and you should be good.
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16 January 2025 | 17 replies
With LLC Owner Match, DealMachine connects people to companies and companies to properties allowing you to find the owner or registered agent for nearly every corporate owned property in the country.
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17 February 2025 | 15 replies
Due to the popularity and scarcity of these properties in Nashville, it would be difficult to find a property meeting the STR requirements given a proposed purchase price of ~$300-350k.Additionally, your situation is a bit unique as it sounds like you may be living away from your primary residence more often than not, and as such, I also recommend you confirm with a lender whether this situation would qualify for this type of (primary residence) loan.
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20 January 2025 | 6 replies
I'm still in the process of growing my portfolio, but have heard others 1031 all their smaller properties into a larger building and have a property management company manage, OR, set up a seller financing deal with another buyer that gives you the cash flow you desire.
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28 January 2025 | 8 replies
@Jon Ankenbauer you won't be able to keep the land separate from any future construction loan.
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13 February 2025 | 7 replies
If there is a mortgage on your primary residence and you are trying to deed your primary residence property to an LLC, you will need to check with your mortgage company if they allow it.
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12 February 2025 | 6 replies
Year long lease typically, with subletting allowed to offset summer months cost to tenant.I worked out some high-level math: Assuming there is a 6 bedroom single family house for sale for 800k, and I can rent for 6k/month.Financing: 350k cash, 450k loan @30yr, 3.8%.Assumptions: 7% vacancy/yr, $4000/yr repairs, $10k/yr property tax, $4k/yr insurance, 8% management fee+50% first month rent on new leaseMonth-to-month breakdown: Income: $6000 Vacancy, Mgmt fee, repair, taxes, insurance: $2300Loan PI: $2650I'd take home ~$1000/month.
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26 January 2025 | 15 replies
I’d pay my 0% interest for a year credit card loans and 401k loans off asap then repeat.
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7 February 2025 | 2 replies
So we would have to get a loan, pay off the seller and transfer title and then wait the seasoning period before doing a refi unless there is a bank out there that will treat it as a refi off the bat