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15 October 2024 | 6 replies
It is seemingly still relatively affordable to buy an asset close to a major university at $100k per unit.
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16 October 2024 | 7 replies
These reserves can typically be in liquid assets, including cash, stocks, or retirement funds.4.
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17 October 2024 | 9 replies
Hey, It is important to remember that as a flipper, you will not be working with capital assets, but inventory.
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15 October 2024 | 3 replies
I am wondering however if I should transfer the asset to my new LLC and then apply for a HELOC to get a head start on building business credit.
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14 October 2024 | 4 replies
TP spends 100% of their time in the asset management of these properties (not property management).TP has recently invested personally in these deals and owns at least 5% of Property A.
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16 October 2024 | 5 replies
Using a whole life policy to secure a line of credit can be a powerful tool, especially since you’re leveraging a guaranteed asset.
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13 October 2024 | 6 replies
I had a client right after Hurricane Michael who initially got offered half of what his damage actually was worth, but a skilled adjuster managed to get him a much more reasonable payout.Keep a Backup of All Your Documents:Store both digital and physical copies of everything-your insurance policy, receipts, photos, and videos.
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15 October 2024 | 9 replies
Just a short list its like 50 ways to leave your lover there are 50 gothcas in sub to. 1. the easiest for everyone to understand the sub to violated the Alienation clause in the mortgage or deed of trust and holder of the mortgage DT / Note decides to call the note due and payable and starts a foreclosure. 2. foreclosure started and the person who bought sub to has no means to pay it off or refinance it and the original sellers credit get trashed and if its a deficiency judgement state even on an owner occ like Texas lender sues original seller for the deficiency. 3. this kind of investing or acquiring assets tends to attract those with limited resources so they have no ability to fix things they decide to scale up and then it goes out of control and sellers are really harmed4. deal goes south and original seller sues or files complaint with AG. 5.
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16 October 2024 | 4 replies
@Adolphus Fletcher For multifamily investing, most real estate investors typically use an LLC for several reasons:Liability Protection: LLCs protect your personal assets from lawsuits or debts associated with the property.Pass-Through Taxation: Income and losses from an LLC pass through to your personal tax return, avoiding double taxation seen in C-Corps.Flexibility: LLCs allow for flexible management structures and are easier to maintain than corporations.Anonymity: In some states, LLCs can offer a degree of anonymity if you use a registered agent and form the LLC in a state that doesn’t require public disclosure of members, such as Delaware or Wyoming.S-Corps are should be avoided for real estate investing because of various reasons.
15 October 2024 | 6 replies
Hi John,It's a matter of opportunity cost.Yes capital is more expensive right now, but based off cyclical and long term data, asset prices begin to rise rapidly as money becomes cheaper.