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29 October 2024 | 33 replies
And buyers simply cannot afford to add to their DTI due to the lack of affordability and looming employment issues over our head.No one will sell, unless they are forced to.
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25 October 2024 | 8 replies
I work with plenty self-employed people that qualify in many different types of ways, for different loan types depending on your situation.
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28 October 2024 | 15 replies
So this is a very common business practice across multiple professions associated with the construction.
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31 October 2024 | 24 replies
That can be getting or job or being self employed/owning a business.
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26 October 2024 | 6 replies
Hi Kyle,This is the most common question I get asked.Don't waste your time because nobody in their right mind is going to fund 100% of your project.In order to get into new deals, build, buy, flip etc. you need to have some skin in the game.A bridge loan to get the cash out of the property on the market is possible, that can then help get you the cash needed and start this new build.
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24 October 2024 | 12 replies
I would only suggest a property management company set up if you are not working for an employer and are interested in retirement account contributions + deducting health insurance costs.If you are already working for an employer who is providing a retirment account plan + subsidizing health insurance costs, in my opinion, no point in setting it up.
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27 October 2024 | 16 replies
I agree with Michael Baum: read all the suggestions here: great info.The general theme is, whether it's your cleaner, your handyman or a responsible neighbor, you need willing and able "boots on the ground", eyes on the property and someone local with both common sense and authority to act on your behalf and/or your instructions.My 2 cents,Mike
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25 October 2024 | 2 replies
If you employ the BRR"R"RR strategy now, you’ll be in a strong position to capitalize on discounted properties and refinancing opportunities when the market conditions align.In short, while the BRRRR method we once knew has become harder to execute, adapting it to BRR"R"RR makes it a viable and profitable strategy in today’s market.
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23 October 2024 | 4 replies
I think you've reached a point that is common with entrepreneurs of any industry.
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29 October 2024 | 15 replies
This is commonly repaid over a one year period.To clarify with an overly-simple example- you said $600/month in an increase.