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18 May 2024 | 19 replies
I am using a property I own free and clear to pull a cashout refi.
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18 May 2024 | 4 replies
I am not sure if the initial capital needs to be private or not.Please give suggestions on the best practice to opening/funding LLC business account (while trying to have anonymity in Texas by using a registered agent.)Thank you.
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19 May 2024 | 10 replies
I will be using a property management software to collect rent, schedule maintenance and screen tenats( credit above 600, 2.5 times income).
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18 May 2024 | 5 replies
First time home buyer, using a Va loan.So the break down, looking at two properties.
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18 May 2024 | 3 replies
(They are unaware of me using a VA Loan).
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17 May 2024 | 3 replies
So, I see no issue using a warranty deed of some kind.
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18 May 2024 | 12 replies
For example, 200 miles one way (guess) x $0.67 IRS mileage rate x 2 = $268 estimated vehicle cost per round trip, which is per guest stay.I'm using a calculator that factors in management costs (cleaning, hot tub maintenance, CapEX, OTA service fees, supplies, refunds, utilities, landscaping and internet) - it does NOT include marketing/tech tools like Lodgify, Guesty etc. so good flag.
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17 May 2024 | 0 replies
Hello everyone, I am selling an apartment building in California using a 1031 exchange (to buy property in the Midwest) and am wondering if I can use my passive loss carryovers and disallowed losses for that property to offset any boot because I am planning to use the cash pullout as reserves or repair money for when the replacement property is vacant.
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17 May 2024 | 2 replies
I can tell you that using a quasi-double close along with a bridge loan is a smart approach, especially with the simultaneous closing on multiple properties.
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19 May 2024 | 20 replies
Still, I realize I have only scratched the surface, not to mention I am arguably using a source that may be misleadingly rosy.