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7 August 2024 | 1 reply
I’d love to start a discussion on Risk Management in Fix-and-Flip Projects and share some insights from my perspective as a lender.Having clear and detailed loan agreements protects both parties.
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9 August 2024 | 10 replies
The LLC is created to protect your personal assets and to separate your personal business from your investment business.
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8 August 2024 | 27 replies
Ensure all your screening practices comply with Fair Housing Laws and other legal guidelines to avoid potential legal issues.Improving your tenant verification process can help you find more reliable tenants and protect your investment.
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8 August 2024 | 1 reply
It was said that the 2019 Tenant Protection Act has a negative effect on the number of rental units in some low-income cities (to the tune of 15%).
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10 August 2024 | 14 replies
A lot of times the lender offering the best rate up front will not care about meeting your contract deadlines or protecting your earnest money or even actually closing the deal.
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9 August 2024 | 184 replies
If a buyer doesnt want to pay an agent and goes directly to the seller, their interests are not protected.
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9 August 2024 | 20 replies
Renewal of previous leases are $300/year, roughly, but - also according to the salesman - they keep tenants in-place 3-4 years on average.Other than those miscellaneous charges, they do have two interesting "guarantees": 1) a $5k eviction protection guarantee, and 2) another $5k in rental income guarantee - which I'm sure was something that stemmed from property owner's concerns during COVID.Overall from what I've seen/heard, Mynd seems like a great company if you want a full hands-off or out-of-state managament approach.
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7 August 2024 | 6 replies
That way you can pay back the line of credit and reuse it. 18 months seems like awhile but anything can happen in that span of timeI do have some cashes around 60k just for protection.
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9 August 2024 | 39 replies
The more appropriate question is, "Will a property in a tax-deferred IRA help you protect and grow that IRA better than investing the IRA in something else like stocks or funds?".
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6 August 2024 | 32 replies
That and the equal protection clause that follows it.