10 December 2024 | 3 replies
If I keep the house in my name and use it as a rental, would I need to do anything other than notify the lender and adjust my homeowners insurance to reflect the house is a rental?
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17 December 2024 | 16 replies
Structuring the Deal with a PartnerWhile your partner cannot directly participate in the loan, there are ways to structure your arrangement to reflect your 50/50 partnership:Option 1: Post-Purchase Equity SaleYou obtain the 203(k) loan in your name as the owner-occupant.After closing, you sell your partner 50% equity in the property via a quitclaim deed or similar legal instrument.Your partnership agreement would outline each person’s roles, responsibilities, and share of profits.Note: Be mindful of FHA’s rules around title changes and ensure this doesn’t violate loan terms.Option 2: Partnership Contribution AgreementYou both contribute to the down payment and renovation costs as outlined in a partnership agreement.Your partner’s contribution could be recognized as a share of the equity in exchange for funding, services, or property management.The partnership agreement would detail how profits, responsibilities, and equity are split.Option 3: Joint Venture AgreementStructure the deal as a joint venture, where you own the property personally (required for the FHA loan), but profits and roles are split per a formal agreement.Your partner could receive equity-like compensation through profit-sharing without being on the title.3.
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16 December 2024 | 14 replies
You can outsource and automate all you want but when you run into your guests in the driveway and they want to talk you can't just walk away....your reviews will reflect that.I used $1100 and $437 as a real example.
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16 December 2024 | 43 replies
My review reflects both my optimism and my apprehensions as a new investor, and I'm still navigating the process.
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22 January 2025 | 203 replies
I know that @Austin Wolff will push back and cite that construction is, in fact, correlated with long-term prices and rent growth, because it reflects underlying demand dynamics, but I'd bet against those in the case of Austin, TX over the next 5 years.
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9 December 2024 | 12 replies
Once you’re comfortable, focus on creating content that reflects your business’s unique personality and values.If editing and creating thumbnails feels like too much, hiring someone on platforms like Fiverr or Upwork can save you time.
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19 December 2024 | 55 replies
The company making the offering must take reasonable steps to verify that an investor is accredited, which may include checking financial statements, tax returns, or receiving confirmation from a broker-dealer, attorney, or certified public accountant.These regulations reflect a balance between making capital more accessible for businesses and protecting investors from risks associated with unregistered securities.
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15 December 2024 | 9 replies
My mindset is absolutely stronger because it only reflects my ability to do the work.
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5 December 2024 | 10 replies
For instance, the latest regulation in my state starts: "830 CMR 64G.1.1 repeals and replaces the regulation formerly titled as "Establishments Subject to the Room Occupancy Excise" and reflects the statutory changes enacted by St. 2018, c. 337 and St. 2019, c. 5."
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12 December 2024 | 20 replies
I truly believe that how I run my properties and take care of my tenants is a direct reflection of my character and work ethic.