
27 November 2024 | 4 replies
In your case looking to larger assets where you can effeciently cost segregate to gather bonus depreciation would be a smart move.Appreciation - Where in the country is the asset class you like growing or going to be growingAmortization of the loan - What sector or even region if you look locally for funding, is going to offer the most favorable lending so that less goes to interest expense and more to pay down of principle.Have fun with a spread sheet comparing these 4 returns from your investment with the type and location of assets you find attractive.

23 November 2024 | 15 replies
There are loans that you can obtain in the LLC, however, the terms are generally less favorable than purchasing as an owner occupied FHA or Conventional loan.

28 November 2024 | 1 reply
If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.

5 December 2024 | 48 replies
@Ramada Evans- 1) if buying as a rental and financing it - your down payment will need to be a min of 15% of the purchase price ( so thats either 30,750 at 205K price or 32,850 at the 219K price ...so not much of a down payment difference 2) if it appears that there isnt much competition or interest in theproperty - the lower price might be OK 3) you might also consider asking the seller for a seller credit you can use towards some of your loan costs 4) get pre approved if you arent already pre approved

30 November 2024 | 3 replies
Next we utilize mysmartmove.com for background/credit report.

28 November 2024 | 4 replies
It has favorable landlord laws!

29 November 2024 | 1 reply
Insurance, bank accounts, credit cards, etc.You are probably making your life more complicated and expensive than it needs to be.

30 November 2024 | 6 replies
Policy will not impact the market for a while, even a $25k first-time home buyer credit will need some time to work through the system.

25 November 2024 | 13 replies
With middle 700 credit scores you can push your rate into the mid 6s today.

25 November 2024 | 4 replies
Prior to going pending the power is about 90/10 in favor of the seller after it’s us.