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3 September 2024 | 10 replies
Originally posted by @Paul Choate:@Gita Faust I am currently looking into getting a software program.
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2 September 2024 | 34 replies
Originally posted by @Travis Bobo:Thanks for quick replies.
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1 September 2024 | 10 replies
I am looking to buy again in the next six months.Here’s the situation:I own a home in San Diego, currently worth about $1.05 million once the ADU is built.I owe $680k on the mortgage at 4.25%, with monthly payments around $5,500.The property generates $7,500 in monthly income: $5,200 from the main house as a vacation rental and about $2,300 from the ADU as a mid-term rental.My broker is advising me to do a cash-out refinance and switch to a DSCR loan, then move the property into my LLC.I’m hesitant because current interest rates are around 8%, and I was originally considering a HELOC due to these high rates.Given the high rates, would you recommend sticking with the HELOC, or does the DSCR loan make more sense in the long run?
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1 September 2024 | 79 replies
Originally posted by @Jay Hinrichs:@Juan Perez Ok I did not read it that way...
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7 September 2024 | 85 replies
Originally posted by @Diana Jing:@Elsie Q. we completed our first build and actually had a tenant lined up before the house was even completed.
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2 September 2024 | 18 replies
I assume (a risk, I know) that the original poster is referring to conditions at a parcel of real estate and the improvements thereon, and the ownership of the subject real estate is held by a land trust, probably an Illinois land trust (which is a specific type of trust, not one limited to real estate in Illinois or which itself is located in Illinois), and the poster assumed that his ownership interest was sheltered, or his liability limited.Are those assumptions accurate?
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2 September 2024 | 5 replies
I am a bit skewed here as I primarily originate business purpose and commercial loans.
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1 September 2024 | 3 replies
If you need help there I can shoot you a quick video on how to do so, our original CRM InvestorFuse was on top of Podio.REsimpli I imagine would have a certain format that they can import your data with.
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1 September 2024 | 1 reply
However, given its design and commercial-like feel—originally built as a retreat center with a strong Japanese influence—I’m uncertain about the best market to target for a sale.I’m hoping that someone in this group might have connections or advice on how to approach selling a property like this.
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3 September 2024 | 23 replies
Getting the sellers profiles sounds good, but not generally allowed.This might bight you later when the platforms realize you are not the original owners.I'd get everyone's contact info and tell them you are setting up new profiles under your name with your bank account etc. and ask them to rebook under the new profiles.Then I would offer discount pricing to start with to get more reviews and build your brand.