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9 May 2024 | 11 replies
Many lenders typically establish their minimum loan sizes at around $100,000, encompassing both the initial loan amount for the purchase price and any needed rehab expenses.
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9 May 2024 | 43 replies
First you would establish an IRA with a custodian that allows for alternative assets and complete a rollover form.
9 May 2024 | 3 replies
I know I could loan 80% but I would want to stay on the conservative end of things to get established.
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10 May 2024 | 30 replies
Consider your management style: if you appreciate hands-on work, smaller markets may be a good fit, whereas passive investors may prefer established management in larger markets.
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9 May 2024 | 3 replies
Look locally for established real estate agents that specialize in investment portfolios.
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9 May 2024 | 9 replies
If you have $10,000 in monthly rental gross income established and rolling and you're in a 5 unit property or more (this qualifies the property for commercial loan consideration).
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8 May 2024 | 14 replies
2 stay minimum is not required to place property in service.2 stay minimum is required to establish the average customer use of 7 days or less in order to qualify the property as an STR.
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8 May 2024 | 5 replies
I complemented it looking for more documents at the IRS site with Lance’s words and it was extremely helpful.Indeed, a multimember LLC can select how to be taxed sending a form to the IRS and, If taxed as a partnership or corporation, not be subject to FIRPTA because it is not a flow through entity (for this tax withholding purpose ) anymore.Anyway, I want to have a meeting with a real estate experienced CPA in the DFW area in order to clarify any details and establish an LLC with everything covered.
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14 May 2024 | 201 replies
In our area, if you aren't an established builder with a history of purchases, you will not be able to purchase either trusses or windows at any price.
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7 May 2024 | 5 replies
The easier way is to establish a relationship with a portfolio bank (commercial lending) no limit to the number of houses you can own.Better yet, do something like what I do: I don't use banks at allAverage Cash Flow Per Door In Phoenix Metro Areahttps://www.biggerpockets.com/forums/600/topics/58...