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7 December 2024 | 12 replies
Quote from @Avi Manthe: Hi Folks,My name is Avi, and I have previous experience with buying 2 rental properties in the past, along with working in property management for several years.
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9 December 2024 | 11 replies
I had a response on a previous post this year about what the private lending restrictions will be here --> https://www.biggerpockets.com/forums/22/topics/1174919-bough...Here's a re-post of that information though:------------------------------------I do have a DSCR lender who can assist with a limited recourse loan that will close in the name of a self-directed IRA.
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7 December 2024 | 8 replies
Look for ownership name in LLC and address's other than property, these 2 things are very good indicators it's a rental property.
2 December 2024 | 17 replies
My bet is they won't be happy about it.
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9 December 2024 | 2 replies
I am an affected taxpayer as the property sold was located in Miami-Dade County and I a reside in Orange County and both counties are named, covered disaster areas.
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28 November 2024 | 4 replies
Whover owns the LLC should be signing. you do not sign the documents as the name of the LLC, you sign them with your name as Member or Managing Member of the LLC.
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7 December 2024 | 0 replies
I don't remember their names but people from the War College helped us redo the electrical and plumbing for cost which was amazing.
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13 December 2024 | 13 replies
Both are in held in the same LLC or your name, you'll be net cash flow positive and be owning the debt, equity, and hard asset at different ratios that's relatively strong for performance growth in the portfolio.
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9 December 2024 | 6 replies
I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing.
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11 December 2024 | 37 replies
They were called Overhere Management before they changed their name to Zeker due to some internal leadership issues.