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11 November 2024 | 10 replies
Quote from @Henry Clark: Reach out to your local bank or Live Oak bank.
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14 November 2024 | 10 replies
Investing in a fix & flip or BRRRR strategy: I have about $75,000 in my bank account that I could use to acquire and renovate another property, which could help me build more capital.Which option would you recommend for maximizing my investment potential?
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12 November 2024 | 6 replies
I'm LaShathan Banks from NOLA/Slidell, La passionate about real estate investing, And I looking forward to learning more.
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14 November 2024 | 11 replies
Lastly, plopping down 5% points for a marginal savings on a monthly payment might not be the most effective use of those funds, maybe being able to buy the next a bit quicker would generate a higher return for the cash.and no, I do not believe we will see rates below 5%, and the fed has never had any control over mortgage rates with the fed funds rate as that is the shortest possible rate overnight borrowing between banks.
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16 November 2024 | 12 replies
Live in new home while it appreciates for 10 years until I get a faculty housing spot, sell private market house, put proceeds (minus downpayment) in bank for retirement (I estimate this will be 1.3 mil before capital gains and real estate fees based on 7% growth in a very desirable Southern California location), and take out new loan for lower cost faculty housing.
13 November 2024 | 2 replies
Whoever taught you that I would go to them and do what they did as this setup for an ownership structure in my opinion is far to complex and your CPA is going to be scratching there head at end of year with all the tax stuff they will have to do and how you have to keep bank accounts for each entity and move money form one to the other to the other....
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13 November 2024 | 4 replies
Once you pay that money back to the bank you cannot access it again.
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11 November 2024 | 2 replies
Will it match the statement amount up with the actual credit transaction for the bank account attached to Stessa?
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11 November 2024 | 2 replies
Can someone recommend any advice on anything (setting up partnership structure, accounting/ setting up a bank account , lending with foreign investors, sourcing deals etc…).
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11 November 2024 | 4 replies
If you have an LLC, ownership percentages are recorded and thus difficult and/or costly to change if an active partner is earning equity through actions.To give some personal experience, Lending and banking can be difficult at best, impossible at worst with a Land Trust.