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26 January 2025 | 15 replies
Here are a few strategies to consider for funding a down payment:Partnering: Like Gregory mentioned, finding a partner who can contribute to the down payment in exchange for equity or a profit share is a solid option.HELOC or Cash-Out Refi: If you have equity in your home or another property, a home equity line of credit (HELOC) or cash-out refinance can provide the funds you need.Private Money: Reach out to friends, family, or private investors who may be interested in lending you the down payment with a promissory note.Seller Second: In some cases, the seller might agree to finance a portion of the down payment as a second mortgage.Live Frugally and Save: It takes time, but reducing expenses and setting aside funds from your income is a tried-and-true method.The right approach depends on your situation and deal structure, but a mix of creativity and resourcefulness can go a long way.
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14 January 2025 | 4 replies
Several key factors contribute to Buffalo’s sustained real estate prominence:1.
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30 January 2025 | 8 replies
The only other options I can see are A) your mom partnering with you rather then selling the property to you - you become 50% owner and bring the funds and management to the rental while she provides the existing equity as her contribution; or B) your mom lending you the rehab cash out of her personal funds while also seller financing the house to you.
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30 January 2025 | 62 replies
My mother's side of the family came through Ellis Island from Finland and contributed greatly to the USA.4) Yes it is really hard on a jobsite to keep it free of illegals, you have to be on your Subs all the time, especially the Hispanic ones as they are more likely to look the other way.
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15 January 2025 | 1 reply
Why not take his name off the LLC and put it in your name now while the LLC has $0 of value (or whatever nominal amount your articles of organization or operating agreement say that you contributed)?
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16 January 2025 | 0 replies
By and large, QI's have very high ethical standards, and are sometimes overlooked as the engines of this tax saving tactic.]REPUTATION MARKERS 📊INDUSTRY STANDINGMembership in professional organizationsLeadership roles in FEAEducational contributions to the industryRelationships with major title companiesCLIENT RELATIONSHIPS 👥Testimonials from CPAs and attorneysReferences from title companiesLong-term client relationshipsTransparent fee structuresRELATIONSHIP RED FLAGS 🚩Overly familiar with your realtor/brokerKickback arrangements (illegal!)
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22 January 2025 | 25 replies
The key is ensuring you are contributing more hours than anyone else involved.
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12 January 2025 | 12 replies
I respect the experience here and am eager to contribute as I grow.
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22 January 2025 | 10 replies
It’s like a ROTH on steroids with no contribution limits.
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14 January 2025 | 2 replies
Looking forward to learning and contributing to the community.