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7 November 2024 | 15 replies
Every dime had a purpose and the majority went into the rehab.
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13 November 2024 | 18 replies
I cannot do loans in NY in personal names, but I can do Business Purpose loans (DSCR for instance if closing in a business name).
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15 November 2024 | 14 replies
I'd be curious to see the four corners listing and what area its in to compare.
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13 November 2024 | 22 replies
There can be more compliance work and potentially higher costs compared to just a Self-Directed IRA. 6) If you decide to rollover to a Self-Directed IRA first (your pre-tax money) you can always rollover that money into a Solo 401k when you eventually qualify.
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10 November 2024 | 12 replies
I realized that the best way to compare and contrast these properties is to calculate the ROI of each.
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9 November 2024 | 17 replies
While every IRA must have a custodian creating a special purpose LLC can allow you to bypass the custodian when making investments and performing transactions which can save time and money.
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14 November 2024 | 12 replies
Secondly, he again did not fully disclose everything and was pushing for the signature on the final closing documents, in them he has 2 seperate title agencies involved as well as a third party construction company listed as the policy holder for the insurance for the home, and the figures for sale are different from those on the sale agreement document that I did sign, with clauses included that state if the title is not free and clear that the buyer has the right to sue me for insurance purposes and to cover the silent second mortgage that I was only informed of because the title agency called me to say something was up after arranging the notary to come to me to sign the final documents (at which point I said no and had a copy of the closing documents emailed to me), and again the so called real estate agent negotiating the transaction is listed as the buyer (under the guise of being part of ushomebuyers.com, same as the agreement to sell).
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11 November 2024 | 4 replies
With this set up, we were able to get a DSCR loan through Kiavi with only a few extra steps compared to an LLC.
10 November 2024 | 19 replies
Also, regarding the 15% you pay to Airbnb replaces the commission your guests used to have to pay to Airbnb so you should be able to charge it through your guests through your pricing.And, yes, operating short-term rentals in Mexico, while cheap compared to developed countries, is somewhat more expensive than in Colombia, Ecuador and the Dominican Republic because Mexico is more developed.
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11 November 2024 | 22 replies
Quote from @Thomas Schmidt: You could hold off on paying until he gives a detailed breakdown of costs and compare it with local rates.