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26 January 2025 | 48 replies
Every where you turn there are STRs going up on the market fully furnished because they couldn't pay the mortgage and bills with the rental income.
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25 January 2025 | 4 replies
All the add-ons are a la carte so you can definitely get a lot of value based on what you need.One thing I personally don't like is that when tenants pay rent, they are charged $1 per transaction for ACH use.
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30 January 2025 | 0 replies
I decided to buy the property from my grandfather using a gift of equity, which allowed me to take over ownership without having to come up with the full down payment and pay for the tax lien and his closing costs.
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5 February 2025 | 9 replies
On these very forums you hear countless stories of "I lost 5K and can't pay for me medical expenses".
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23 January 2025 | 10 replies
We pay Lightning Docs a $500 annual fee and $500 per loan, which we charge to our borrowers at closing.
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22 February 2025 | 13 replies
Feel free to take or leave my advice, but I think others will agree that, for now, you should focus on maximizing your savings rate, building your credit, paying off any owed debt, and house hack your first deal—just my two cents.
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2 February 2025 | 22 replies
The house hacking will pay dividends for a long time I’m sure.
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11 February 2025 | 15 replies
Maybe it is ok if it is for you to live there and enjoy the amenities, but no need for you to pay high dues for a tenant to use the pool.Many condos don't qualify for FHA financing in Dallas.
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1 February 2025 | 0 replies
Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.
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30 January 2025 | 6 replies
The website does not have an area for me to pay a fee to download the agreement.