Antonio Martinez
Keep Or Sell?
9 March 2024 | 9 replies
Specifically, you'll want to collect and analyze a LOT of comp sales data (including data pertaining to days on market, price reductions, the buyer pool, etc.) so that you have a very good understanding of the buyer pool, and how difficult it could be to sell this type of property...I'd suggest talking with multiple agents who have experience with this type of property, and asking them what type of DOM, ARV, and sale experience they would predict for the property.Before you take on $25k+ of credit card debt for a rehab, you'll want to consider all the potential problems you might face with your strategy, and potential solutions to those problems.
Michael LeBlanc
When should I establish a Legal Entity?
8 March 2024 | 8 replies
While I'm not a legal professional, here are some general considerations that might help guide your decision:If there are any legal problems pertaining to the property, an LLC might offer an additional degree of protection for your personal assets.
Beth Johnson
Understanding the difference between Loss Payee and Mortgagee
6 March 2024 | 0 replies
By default, the Mortgagee is both the one that lends and the one that has an insurable interest and therefor both descriptions pertain to “Mortgagee”.Which is preferred: Traditional Banks always only require they be listed as the Mortgagee whereas Hard Money and or Private Money; it’s 50/50.Now, you’re probably wondering in what instance would someone be listed as a Loss Payee but not Mortgagee- well, let’s say someone lends the property owner money in a non-traditional fashion - we can chat more about this later -whether it be for the property or for something else, doesn’t matter, and the borrower uses the property as collateral.
Account Closed
Filing an extension DOES NOT mean you dont owe money until then!
6 March 2024 | 0 replies
It's crucial to note, though, that this extension pertains to filing only and does not grant an extension for making tax payments.Don't Delay Your PaymentsWhile the extension offers relief on the filing front, it's essential to understand that it does not exempt taxpayers from making their payments.
Joseph Harr
Adding square footage
4 March 2024 | 7 replies
Pg. 31 pertains to Limited Use Accessory Dwelling Units.
John Cunningham
Hello from a newbie
4 March 2024 | 11 replies
As it pertains to RE Investing what are your:Skill sets, Available resources, Interests, Long term goals
Leyton Wellbaum
Fix and Flip in Garfield Park, Indianapolis, IN
3 March 2024 | 1 reply
I sent you a message pertaining to this deal.
Jacqueline Bruen
Mortgage for an LLC?
4 March 2024 | 17 replies
A simple web search for piercing the corporate veil will outline the Do’s and Don’t’s as it pertains to operating a LLC with this in mind.
Chris Webb
How long has your syndication been around?
1 March 2024 | 19 replies
And the heavier the marketing push, the more it looks like there is desperation for capital.At the end of the day, there are certainly groups that market and are not at a shortage of capital to get the deals they want done.As it pertains to the original post though, I will add https://www.globest.com/2024/02/21/crow-holdings-secures-3-1...I am curious how many people on these forums or preaching "passive income for busy professionals" are even aware of a Crow Holdings.
Ashley Wilson
The Challenge to Multifamily Evaluations
29 February 2024 | 6 replies
Encountered the same problem recently looking at a deal that was comped as if it pertains to residential comps in the area and if you cut the asking price by 50% than you get to the valuation based on NOI which is more realistic....