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20 January 2025 | 0 replies
I financed this property using down payment funds from 403B and a local commercial bank.
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24 January 2025 | 8 replies
Gifting equity in a house may be more trouble than it is worth if you are not near the life-time exclusion1) Potentially having to get the property appraised everytime an equity is gifted2) Having a title company update the title every time3) Exemption of the gift tax return is normally for cash gifts below the annual gift tax exclusion, you may still need to file if you gift non-cash4) If there is partial ownership over several years, having to properly pro-rate certain items such as real estate taxes, mortgage interest and rental income if the property is a rentalBest of luck
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21 January 2025 | 10 replies
I'm going to ask my insurance company.
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22 January 2025 | 7 replies
Large syndication company, higher fees than most other syndicators.
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26 January 2025 | 17 replies
Despite my explanation that I had the funding for smaller deals, 10-20 units they doubled down on me needing to find investors to partner with or to form a syndicate.
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23 January 2025 | 0 replies
We have been a quality fencing company for 5 years part-time, and just announced this year we are going full-time with it.
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15 February 2025 | 14 replies
What if it is 90% occupied with employees of one company.
3 January 2025 | 8 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.
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20 January 2025 | 1 reply
Hi Lenders, currently in the market for a cash flow management tool to help organize payoffs and broker commissions to get a better understanding of how many more loans I can fund on a given month.
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20 February 2025 | 12 replies
Lots of property management companies sell turnkey flips and also have realtors that can find you value add properties, and they probably have contractors to recommend and even may handle the project management for you if you're going to use them to manage the property.