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6 October 2024 | 12 replies
Of all the lenders I know who have clients that do this (purchase in personal name and quit claim to LLC), none have ever had that happen - the main thing is to make sure you just keep paying your mortgage, and this would be a good conversation to have with a lender.
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7 October 2024 | 15 replies
I am here seeking professional advice from someone who has walked the walk and can guide me where to go from here.Some of my goals are listed below:My main goal at the moment is to find assistance in forming a financial plan with the help of a mentor.My other goals once I have established a plan:- Short Term: "I will obtain a cash flowing real estate property within the next year.- Long term: "I will have more than or about 5-10 cashflow producing assets making me 5-10k a month in profit.
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8 October 2024 | 36 replies
If you prefer rentals in B or B+ neighborhoods instead (mainly for higher tenant quality, lower crime rates, and better long-term appreciation potential) and don’t mind broadening your search beyond Huntsville, other more affordable locales in Alabama—like Birmingham, the state’s largest city—could be a good fit.We’re active in suburbs on the west side of Birmingham like Adamsville, Forestdale, Sylvan Springs, and Pleasant Grove, and a good portion of properties there meet the 1% rule.
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3 October 2024 | 22 replies
He mainly skip traces for Law and Corporate offices.
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5 October 2024 | 15 replies
You also have to consider county or local taxes (my main area has a 7% hotel tax for STRs on top of my 6% state).BiggerPockets has a STR/Airbnb calculator that may help bring them some clarity on the numbers!
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4 October 2024 | 14 replies
The main difference between free and premium is that premium saves all your data and also provides tax analytics.
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4 October 2024 | 3 replies
I had a professional photographer shoot the listing photos and the place where it was advertised is the main website out there, and my photos were one of a few professionally shot listings.
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4 October 2024 | 3 replies
With time as your main deployable resource right now though, take that time to learn as much as you can until you find a path that sounds both realistically achievable with your current resources, as well as something that sounds interesting to you.I'm always happy to connect with other investor folks around the Twin Cities, so feel free to shoot me a message on here if you want to chat directly!
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1 October 2024 | 9 replies
The responses from some Real Estate “professionals” in this thread explains why real estate agents and representatives wear the badge of honor of being nosey, careless, borderline illegal and non-compliant with the most basic regulations and elemental ethics.
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3 October 2024 | 2 replies
raw land to entitled. single family home which is what it's zoned for very easy process.i have 100 hours of research for new build sales in our market which is the lfoorplan we built and what does the best. no challenges. very easy for us. main lessons are to help others