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8 December 2024 | 26 replies
I would talk to an accountant about future planning for any REI investments for your 1031 questions & to discuss depreciation for rentals.
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5 December 2024 | 5 replies
But it’s unclear if this applies to HomeStyle loans specifically, given the initial renovation appraisal already accounted for these improvements.I want to know if anyone here has been successful in getting PMI removed under similar circumstances or has any insights into the specifics of Fannie Mae’s policies for HomeStyle Renovation loans.
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4 December 2024 | 10 replies
It did cost more money than expected due to vacancy that I did not account for.
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3 December 2024 | 7 replies
Use the cash-on-cash return formula: (Net Annual Income ÷ Total Cash Invested) × 100.
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2 December 2024 | 9 replies
We are still waiting for them to forward a check settling our accounts, months after cutting off business relationships.
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3 December 2024 | 0 replies
Would hole contractor more accountable and pull plug quicker.
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25 November 2024 | 12 replies
I'm leaning towards separate bank accounts to be safe.
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3 December 2024 | 9 replies
I also have about $200k invested in the stock market (not retirement account).I’m looking to buy my next investment property to grow my portfolio.
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3 December 2024 | 1 reply
First, don't use REI Reply, it's just a white-labelled/private-agency version of GoHighLevel (the actual provider of the CRM) that they just mark up and charge you extra for everything you do (every text, email, etc is 2-10x more expensive than just linking twilio/mailgun to your GHL account, etc).With that out of the way, you can get to making workflows.
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2 December 2024 | 10 replies
The minimum down payment for a property in this price range would be roughly $27K.That said, you also need to account for bank closing costs, inspection costs, appraisal, attorney fee, and title costs.Your scenario may require a seller's concession to account for these additional expenses.Investing with $50K is totally possible in this market but your journey may be met by challenges i.e.