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20 November 2024 | 12 replies
Put the profit towards a new Primary residence and ~$50k towards a rental property.2) Rent it out and eat the cash flow loss, hoping rents increase.
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3 December 2024 | 15 replies
Additionally, transferring properties into a trust for estate planning purposes is possible if needed.To maximize your leverage, I recommend exploring multiple DSCR lenders for better terms and working with a real estate attorney to structure your LLCs for both protection and lender compliance.Let me know if you’d like more details or assistance with financing!
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29 November 2024 | 6 replies
I believe I can qualify for the HELOC on my own, saving my wife with additional debt ( when used) on her credit.Is there anything to think about if I apply to the HELOC solo?
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29 November 2024 | 18 replies
Additionally, asking me to disprove your assumption doesn’t seem logical.
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4 December 2024 | 17 replies
Alternatively, using part of those funds to pay your current mortgage might help create additional borrowing room.
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30 November 2024 | 14 replies
Do you have other properties that are paid off or could be part of the loan to provide that additional equity to the bank?
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27 November 2024 | 10 replies
Additional resources I'd recommend are:- The millionaire real estate agent by Gary Keller- David Greene's books from the BP Bookstore- The E-Myth by Michael Gerber*** These are not resources related to the course but are helpful for anyone looking to get into the business
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22 November 2024 | 9 replies
They completed the review of the voucher on December 3rd AND REFUSED TO COVER THE TENANT'S RENT FOR NOVEMBER because they didn't have LMHA permission to move in.We had a home pass inspection on December 20th and still haven't received permission for the tenant to move in (January 3rd)...the tenant just had to pay for an additional month's rent at their old home and we are out another month without our rental occupied, incurring carrying costs, and risking vandalism.
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28 November 2024 | 22 replies
Moving forward we would just add it in the parking areas as well (the cost was not that high, just needs a good electrical source nearby).
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26 November 2024 | 9 replies
Additional things to consider: where is the breaker box and do both units have access to it if needed?