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14 November 2024 | 40 replies
DMs are a great way to communicate on the site, but you can judge the tenor based on when you received the DM.
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14 November 2024 | 2 replies
However, excessive shifting could indicate that the opener isn’t secured tightly or aligned correctly.
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17 November 2024 | 8 replies
If you structure your lease option correctly, it'll actually benefit your DSCR loan.I have a lease-option tenant buyer that's currently in a 10-year lease option with me.
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21 November 2024 | 39 replies
Doing nothing may be correct for one person, and engaging in a complicated entity structure may also be correct for another person depending on the situation.Each real estate investor/professional has different risk tolerances, different levels of savvy, different abilities in terms of bookkeeping, different estate plans, if one has an estate plan at all, and different relationships.
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15 November 2024 | 5 replies
This means there are no checks and balances to ensure all transactions are entered correctly.
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17 November 2024 | 5 replies
Once a default has occurred - be it missed monthly payment, note maturity, etc, the note holder or their representative send a letter to the debtor notifying them of the default and providing the statutory timeline for corrective action.
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13 November 2024 | 18 replies
@Nevin Wilkie, as noted, if you already closed on a conventional loan, your lender is correct that any change in ownership can cause the loan to become due immediately.There are a few options:First, most risk of being sued comes from you being a bad person.
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13 November 2024 | 66 replies
you are correct!
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16 November 2024 | 21 replies
Finally, your hunch is correct: when the syndication cycle closes, your past "free lunches" will have to be paid for, aka recapture.Here're some relevant posts from your favorite site:https://www.biggerpockets.com/forums/51/topics/839015-are-sy...https://www.biggerpockets.com/forums/51-tax-legal-issues-con...https://www.biggerpockets.com/blog/real-estate-professional-...
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17 November 2024 | 32 replies
Our attorney is very clear about what we can and can not communicate related to criminal background and that is why self-managing can be a mine field when it comes to application qualification criteria.