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7 March 2024 | 29 replies
Class C numbers look good on paper but I've talked to many CA investors that have lost money.
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7 March 2024 | 14 replies
I'm going to think more about seeing if the seller is interested in keeping the trailers, selling me the land and holding the paper, and paying me lot rent.
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6 March 2024 | 7 replies
As OP said, hard to find umbrella that will cover STR papered insurance unless I find a carrier that writes it under my name personally and names the LLC as an additional insured (I own my properties under LLCs).
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6 March 2024 | 16 replies
The cheap "cash flow on paper" Class C properties even if renovated will be a huge headache with repairs, tenant issues and won't appreciate enough to make up for my losses.
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6 March 2024 | 20 replies
Either they need to figure out how to override the defaults, or perhaps you just fillout a paper copy of the return and mail it in...
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6 March 2024 | 4 replies
Lennar is either 1 or 2 in size in the US DR Horton is the other.. they are production builder so yes quality is not their hallmark.. price is .. 2. wrapping the mortgage could certainly create an event of default with Lennars lending arm. there by trashing your credit. 3. if your buyer stops paying you have to keep paying and foreclose and hope they have not trashed the home when you get it back.. like all things creative finance wise sounds great on paper and is great if it all goes perfect but lots of things can fall apart if things do not go right.. so what is your fico score worth ?
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6 March 2024 | 5 replies
Before you quit your W2, you'll want to make sure your rentals are making enough on paper to replace that other income.Once you quit your W2 job, you'll officially be considered self employed by lenders and the important thing to keep in mind is that we can only count your NET income.My advice is chat with a CPA who can help you structure your income properly and try and do it 2 years prior to quitting your W2 job.
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5 March 2024 | 0 replies
Should I ask to see certain papers?
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9 March 2024 | 89 replies
I don't want to do private lenders and risk someone else's money since I already did 2 bad deals in 2023 (don't buy Class C in the Midwest for "cash flow on paper" which there is none).
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5 March 2024 | 11 replies
.- Do not install toilet paper holder.