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26 August 2024 | 4 replies
You may pay a bit more and make a little less, but playing the long term game is key in real estate.The types of structures could be lump sum (one price) or cost plus (meaning you pay the cost of material and labor plus a flat fee—more of an open-book model).I see some investors who want to pay for ALL the materials, which is excellent for the investor (more control of finishes & cost) and general contractor (if they are getting paid well).
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28 August 2024 | 18 replies
You raise a good question, and probably an excellent one for a CPA.
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26 August 2024 | 11 replies
5+ units DSCR or commercial mortgages. each one is used for different things. really matters purchase price. location of property and your physical location. dscr looks at the property and your credit score. commercial bank looks at you and the property. tax returns, w2s DTI. then the property needs to cash flow enough for them. dscr is a bit more lax but higher rate.
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26 August 2024 | 9 replies
These include (but are not limited to);a. a drop dead date for her to refinance and take you off the mortgage (5 years, whatever);b. trigger events for her to refinance regardless of date (birth of child, remarriage, failure to maintain the house physically, cease using house as primary residence, failure to pay insurance or property taxes, no "subject to" sales and etc., etc).and no doubt a host of other things.Then there's your remedy if she fails to keep her end of the bargain, including who gets appreciation, right to possess or maintain, etc.Your credit score is far down the list of concerns
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28 August 2024 | 22 replies
There're many excellent tax accountants (aka tax advisors, tax strategists, tax specialists and so on) who do not have a CPA license.
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26 August 2024 | 4 replies
Thank you for helping to foster an excellent investing forum environment!
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26 August 2024 | 13 replies
The property is in a city/town that is appreciating quickly, is in an excellent school district, and is going through continuous development.
30 August 2024 | 70 replies
., I will show the the physical location , concrete structure we do, money spend on HUB , money Made on HUB (next time ask to show HUBS those are public records and will not interact with the law) We have a book with all deals made in the community ... and you check, verify every single transaction!
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27 August 2024 | 11 replies
But, excel is totally fine in the beginning (in addition to your PM software to capture transactions outside of the properties).We use QuickBooks Online exclusively for all of our REI Clients.
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26 August 2024 | 13 replies
If you purchase a tax lien certificate and the property is vacant, do you have any right to rent it or only to physically secure it?