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4 September 2024 | 4 replies
I'd also pull the records at the registry of deeds to see if any restrictions are attached to the unit.
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4 September 2024 | 3 replies
For outbound, you’ll need to get lists of addresses and tons of data from platforms that pull county records on a daily basis like bathleads and propstream so you can filter those records more easily by potential motivation indicators like foreclosure, eviction, probate, etc.
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4 September 2024 | 5 replies
I am unhappy with BP and RR for pulling a stunt like this.
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4 September 2024 | 7 replies
Property ARV: $450kTotal in: $350kMonthly rent: $4000Monthly taxes & insurance: $530[Loan 1] (via broker)75% LTV1.5% origination fee ($5062)Other fees: $1595 underwriting + $1295 processing (=$2890)Interest rate (floating): 7.25%5 years PPPMonthly P&I: $2,278Rent - PITI = $1,192***If appraisal comes back high enough, may be possible to do 80% LTV at 7.99%[Loan 2] (direct lender)70% LTVNO origination feeOther fees: $1,395 underwriting + $695 processing (=$2090)Interest rate (will not change): 7.375% 5 years PPPMonthly P&I: $2,152Rent - PITI = $1318---------------------------I really like how there's no origination fee with lender #2 so I get to keep more of the money I pull out.
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3 September 2024 | 3 replies
Pull a 2nd mortgage instead of a HELOC.
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4 September 2024 | 10 replies
Even more, I just rolled out with an investor program where I don't need to do a hard pull at all.
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3 September 2024 | 5 replies
While 80% of these deals will most likely be terrible, you should be able to find a couple worth walking or offering up on.The third method, which requires some time and effort, involves learning how to pull property addresses, names, and numbers.
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6 September 2024 | 24 replies
We are probably going back into acquisition mode here shortly but want to shore up things before that happens.I also spent the last few months building out a centralized notion to manage all the document, to dos, etc but have pulled the trigger on VAs as the cash flow isn't there yet to support someone full time.
3 September 2024 | 8 replies
There are ways to use loopholes but it has to be done correctly to avoid issues.If you can rent your current home and it cash flows simply do a cash out refinance pull out some cash and use it for a down payment.
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3 September 2024 | 0 replies
Energy tax incentives were expanded and extended through 2032.Be sure to keep an eye out for any changes to 1031 exchanges and capital gains tax rates.Buy, Borrow, and Die StrategyA great estate planning strategy for transferring wealth and minimizing taxes is the Buy, Borrow and Die Strategy.Buy: Purchase multi-family properties that are appreciating in value.Borrow: Use HELOCs or cash out refinancing to pull equity out of the property as it appreciates.