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10 February 2025 | 10 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.
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10 February 2025 | 7 replies
There are always private money lenders there and people who will partner up on a deal.
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10 February 2025 | 6 replies
You probably don't run many applications, so I wouldn't sweat losing a little money on each one.
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24 February 2025 | 0 replies
I believe that the extra burden from tariffs will probably dampen the positive effects of lower corporate taxes as a shot term trend, potentially leading to slower project initiations.
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12 February 2025 | 2 replies
The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.
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19 February 2025 | 2 replies
This setup adds an extra layer of anonymity and protection.
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3 February 2025 | 15 replies
If you have this debt and need money, you may not be preparing yourself for the challenges of being a landlord.
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26 February 2025 | 4 replies
I quickly learned when I lost out on a deal that was ideal for my situation by waiting an extra day to reach out.
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1 February 2025 | 16 replies
Are there any hard money lenders that lend 90%?
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25 February 2025 | 11 replies
There are pros and cons depending on your goals.Why an LLC Might Be a Good Move• Helps protect your personal assets in case of a lawsuit• Makes it easier to bring in partners in the future• Keeps your real estate finances separate from personal accountsWhy It Might Not Be the Right Move Just Yet• Most traditional lenders will not give a mortgage to an LLC, so you may have to use commercial or DSCR loans, which usually have higher rates• Some people assume an LLC will save them money on taxes, but rental income is still taxed as pass-through income for most investors• There are extra costs like annual filing fees and bookkeepingA lot of new investors get stuck on this decision, but the reality is, you can always start out in your personal name and transfer properties into an LLC later.One more thing I wish someone told me early on is that property management takes more time than you think.