Mortgage recasting, also known as re-amortization, is a process that allows homeowners to lower their monthly mortgage payments by applying a lump sum toward their principal balance.

Hello Trying to get back on the real estate investing space and build new connections that can help me to speed up the process.

Quote from @Daniel Windingstad: Quote from @Obed Calixte: Some people have the personality, processes and systems & time to self manage, some do not.

Transcribing transactions from bank statements, posting transactions to the correct accounts, and then manually creating an income statement, statement of owner's equity and a balance sheet is a fairly time consuming process and I have not been able to keep up with the book keeping between my regular work responsibilities.What accounting software do people recommend? 

At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verificationBoth have risks, but it's not my intent to be detailed in this post.

I have a vision of building and developing mobile home communities in upstate NY that are vertically integrated to allow future members to choose from a catalog of homes, have them installed, provide them with financing options, and make the process of selecting, buying, and living in the community very smooth.Since this is my first time doing this, I would love to chat with an experienced mobile home developer on the following items:Zoning - navigating the zoning process to allow the community to be allowedStart up costs - I am a finance person who would love to better understand start up costs - septic / electrical / water / pads / roads / etcOn Going Maint Costs - in building our business case, I want to build a conservative financial model to capture all re-occurring expenses - utilities, landscaping, capex, septic clean out, etc.I know this is a lot, but would greatly appreciate talking to someone who is an expert in this asset class!

I’m in the process of purchasing a second home in Aspen, CO, which will also serve as my first STR property.

For first flips better to start with a  small cosmetic rehab  until you get to know the process and the team well.

Whether you’re just getting started or already have a portfolio, I’m here to help you find great opportunities and make the most of this market.Here’s what I can help with:Finding solid deals, whether it’s flips, rentals, or long-term investments.Sharing insights on up-and-coming neighborhoods and market trends.Connecting you with trusted contractors, lenders, and other pros to make the process easier.I’m all about helping you hit your goals and grow your portfolio.

This just seems like it puts me in a potential bad situation if something goes wrong during the process.