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25 June 2018 | 13 replies
For instance, if I acquire a property worth $500,000 and it looks like it can cashflow at $250/month, my initial total investment would be $0.
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3 October 2018 | 3 replies
For instance, if the appraisal comes in at $200K, and they're selling it to you at $150K, then have them do gifting of $50K, keeping in mind annual limits on gifting gift tax free, if that concerns you.
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29 June 2018 | 42 replies
Needless to say, I immediately called my lawyer and sent her all of the documentation and statements he had made to me, and all of his promises and instances where he pushed back the owed money.
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29 June 2018 | 30 replies
For instance, if the max projected expenses are $8K, then I might cap it to $4K for the JV partner.
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3 July 2018 | 14 replies
If you'd like to read up on the topic, get "One Thing" by Gary Keller (of famous Keller - Williams :) ) Best!
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28 June 2018 | 12 replies
So for instance lets say they give me 10K for the down payment at 9% for a minimum of 5 years. which would be $900 annually.
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5 July 2018 | 10 replies
We have units at the limit.Income 2.5X (in some instance we have it at 3x) rent: termination from employer or reduction in salary likely implies a potential issue making rent down the road.
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28 June 2018 | 10 replies
What I find is that some REs don't see or observe details such as a creepy alley next to the house or a sunken garage that may lead to future flooding issues, for instance. 2.)
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28 June 2018 | 10 replies
For instance, an LLC can be treated as an S-corp or C-corp or disregarded (for tax purposes).
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29 June 2018 | 7 replies
For instance, my renter was annoyed by the renters of the condo next store, college students, who partied to the early hours nearly daily.