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26 June 2024 | 3 replies
-Will my father be able to transfer money into the LLC/Trust account without it being seen as a gift?
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28 June 2024 | 46 replies
They've been really busy with year-end internal stuff that has to be done, on top of all the wholesalers, so some things are just back burnered.
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26 June 2024 | 18 replies
Would I have to transfer ownership of my rentals to these LLC’s?
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26 June 2024 | 11 replies
The big question I have is, will I be able to transfer this into my LLC which then can be used as an investment to avoid/defer tax?
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26 June 2024 | 6 replies
The window must have a net clear openable area of 5.7 square feet (5.0 square feet if ground floor), a minimum openable height of 24 inches, a minimum openable width of 20 inches, and the bottom of the opening must be within 44 inches of the floor.Size: The room must be at least 70 square feet, and no less than 7 feet in any horizontal dimension.Lighting & Ventilation: A natural light source (window) of not less than 8% of the floor area and natural ventilation (openable window/door) of at least 4% of the floor area are required.Heating: The bedroom must have heating capable of maintaining a minimum room temperature of 68°F.Smoke Detector: A smoke detector is required in each sleeping room.While a closet is expected in most bedrooms, the International Residential Code does not actually require a bedroom to have a closet.
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26 June 2024 | 19 replies
They're experienced personal finance people and they have it all on 0% interest balance-transfer cards.
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26 June 2024 | 10 replies
I created a google form that is a checklist and the responses can be transferred to google sheets - I can see running total of hours being tracked.
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27 June 2024 | 6 replies
Thanks for reading.Any transfer of ownership in any way will kick in the so called due on sale clause, so you and the investors will have that risk to deal with.
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25 June 2024 | 17 replies
I've discovered that their associates are based internationally, and the phone number they provided (310) is a fake Skype number.
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25 June 2024 | 17 replies
To get the underwriting based on solely a new appraisal, you'll need a ton of evidence - enough to convince an underwriter or risk officer who gets to make the call purely on internal company policy and not tied to conventional or govt published guidelines.All this being said, if you're already at a 1.0x with the current appraisal for the loan amount you want, going to 1.1x or 1.25x would only be marginally beneficial unless your lender wants 1.25x for some reason. 1.0x is generally enough to fund for most investors at or below 70-75% LTV.