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18 January 2025 | 9 replies
@Madison SloanTo start house hacking, focus on saving for your down payment, researching target markets like Salt Lake City or North Idaho, and building a strong team of professionals, including an agent and lender.
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19 January 2025 | 47 replies
Investors only receive a share of the income you actually generate, you will not owe a fixed repayment block.Difference here is that this model is for owners who either don’t want to take on more debt, can’t qualify for the financing they need, or have little time.At best, this is word games.
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16 January 2025 | 15 replies
You must must disclose to the seller everything including that you are selling it to someone else and how much money you are selling it to that end buyer.
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15 January 2025 | 3 replies
Start by deepening your understanding of CRE fundamentals, including net operating income (NOI), cap rates, and lease structures like triple net (NNN).
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15 January 2025 | 6 replies
I’d also recommend getting a few quotes, including at least one from a mortgage broker.
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7 January 2025 | 8 replies
Then connect with some hard money lenders (you can find some here on BP as well as some who are typing this right now) and connect with them to understand their product type, what they like to lend on and requirements.Hard money broker is all numbers game of making relationships and helping those that are looking for financing, it starts out slow but if you get with a few good borrowers and lenders it can be pretty decent money to be made.As an example we paid six figures last year to HM brokers.
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16 January 2025 | 10 replies
Alternative route I chose, I will leverage my duplex (purchased 4 years ago) equity through house hacking to have skin in the game on next flip.
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21 January 2025 | 31 replies
There are plenty of resources online including anderson youtube channel, few other sources are :https://wcginc.com/kb/ and https://wcginc.com/fee-structu... -- They have fixed fee structure to compare with anderson advisors without any blatant selling tactics https://www.kbkg.com/" class="redactor-autoparser-object">https://www.kbkg.com/https://go.empiretaxusa.com/61...If you attend any tax-wise or other 3 day events with anderson which costs $197 + travel expenses you will get enough knowledge on how they operate and you should be able to understand what LLC structure is beneficial, also they have a large collection of online videos with plentiful of information on youtube and tax tuesday webinars.
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17 February 2025 | 69 replies
I played that game and I don't want to make money just to make money anymore.
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27 January 2025 | 9 replies
If she lives rent-free, you retain control of the property but lose the ability to claim rental-related deductions.For long-term planning, consult a CPA and attorney to ensure compliance with tax rules and align ownership structure with your goals, including potential conversion to a rental or estate planning considerations.