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Results (10,000+)
Li Li 1031 Exch $2M Rental Property with 5% Gross Yield to High-Yield Opportunities
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. 
Nicholas Cavato FHA vs Conventional with LLC involved
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. 
Tisa Grimes LLC Real estate
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.
Ramada Evans Need help w/numbers
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 
Rich Davis Advice for building in-house team.
30 November 2024 | 3 replies
Next we utilize mysmartmove.com for background/credit report.
Mary Ainsworth Any out of state flippers?
28 November 2024 | 4 replies
It has favorable landlord laws!
Julian Dragos Rental Property in an LLC and Insurance Requirements
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.
Sean MacDonald Post Election Market Predictions?
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.
Frank Thomas First BRRRR in Charleston
25 November 2024 | 13 replies
With middle 700 credit scores you can push your rate into the mid 6s today.
Tim B. Seller rejected offer due to not Seeing in person
25 November 2024 | 4 replies
Prior to going pending the power is about 90/10 in favor of the seller after it’s us.