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28 November 2024 | 10 replies
Increased Approval Chances: Borrowers with multiple valuable assets may have a better chance of loan approval, as lenders see reduced risk in cross-collateralized loans.5.
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28 November 2024 | 1 reply
Land doesn’t depreciate, and while buildings require maintenance, they usually gain value as markets grow, demand increases, and inflation takes its toll.Real estate investors benefit from a significant tax write-off based on the concept that properties lose value over time, even as their market value skyrockets.
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27 November 2024 | 9 replies
However at those numbers, you'd have to get a HML and increase value, then refinance into long term debts
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28 November 2024 | 13 replies
My monthly fees are as follows (handyman inspection $125, Cleaning $270 a turn (I collect this from guest), TAT&GET (collected from guest) Property Taxes, Insurance (I highly recommend you price this out, with hazard I pay $1,200 a year), internet/cable $100, Electricity $300 a month, AOAO dues $900 (association fees are increasing minimum 5% a year).
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26 November 2024 | 3 replies
We are currently experiencing another downward push on rental prices (we are continuing to reduce rents), an increase in vacancies, and an increase in time to fill units.
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22 November 2024 | 5 replies
We’re upfront with sellers, letting them know we have no intention of buying the house ourselves but instead plan to wholesale it.This approach of honesty is so remarkably effective that we often don’t mention wholesaling until we've made the decision to wholesale rather than buy the property and flip it.What many wholesalers don’t realize is that by embracing honesty and transparency, success becomes exponentially easier and faster than by resorting to deception.With transparency, there’s no need to hide or pretend.
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28 November 2024 | 5 replies
Pierce that corporate veil like a water balloon.I have a few buildings and each with 4 or less and hence residential investment loan. i agree and have come to the conclusion to increase the liability insurance by 500k. 2nd- buy an umbrella insurance from the same/different carrier.
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27 November 2024 | 10 replies
If the note holder purchased the note at a discount he can accelerate his profits and increase his ROI by offering the borrower an incentive to pay off the note early, or to make e extra payments.
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1 December 2024 | 32 replies
I rented out the house I lived in (in nice suburb with low crime and great schools) - this Class A property is doing well 5 years rented so far, but the property tax increases are reducing my cash flow.
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1 December 2024 | 377 replies
For your first 3plex, how did you increase the rents from $2200 to $3150?