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20 September 2024 | 17 replies
So I started testing it out with specific addresses and potential gross rental income and was blown away how it was exactly the gross income that the market offered.
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18 September 2024 | 7 replies
The PoA designates our company as AIF.Now, it's possible that back during the original closing we had the borrower sign TWO PoAs: One designating our company, the other designating an individual representing the company.Our original PoA was prepared in consultation with an attorney, but that was done well over a decade ago!
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19 September 2024 | 6 replies
Just be sure and stress test the aggregate performance of old plus new property with additional debt on the old property.
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18 September 2024 | 15 replies
Quote from @Andrina Maximin: I finally want to dive into put my training wheels to the test, I'm looking into investing in Ohio, and would like to know has anyone used a DSCR loan?
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20 September 2024 | 14 replies
I would first advise the client to look into the foundation of the structure and then understand that the shared walls are not meant to be exposed.if the property passes the location test, then i would move to structural test, then to water mitigation test.It is likely tho that there will need to be some sort of reinforcing done on the structure regardless of its current condition.
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19 September 2024 | 1 reply
RE Professionals should prepare for an active Q4 and investors looking to close deals before year's end are recommended to get their financing and property search profiles clarified, and then...step on the gas.
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18 September 2024 | 6 replies
There's also the issue about having an accounting system in place for the LLC and using the accounting system when you prepare your taxes.
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18 September 2024 | 5 replies
You can test out mid term or short term rentals on one or a few of the units to offset that, or you can accept that you're drastically lowering your living expenses and building equity.
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18 September 2024 | 6 replies
I'm walking with a contractor today to get a rehab ballpark estimate before making a formal offer, but want to be prepared for the next step should my offer be accepted.
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18 September 2024 | 4 replies
So again, I think that comes down to, are you all prepared to make that balloon payment, can you hold on and get to where you have "passive" income coming in from the STR, or do you want to get in and out quickly to make a good chunk of change.