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11 December 2024 | 10 replies
If it allows us to pull $100k+ of equity out, then it was well worth it though.
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4 December 2024 | 37 replies
Never pay upfront origination fees.
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13 December 2024 | 8 replies
Of course, nobody wants to be the test case, but I've never heard of IRS treating money from a loan as income, ever.I think you would be better off with a long closing date on the purchase and sell your exchange property fast so you can do a conventional 1031, receive conventional financing with one set of start up fees/costs, etc.
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11 December 2024 | 8 replies
For the most Service has been responsive, they're adding more functionality, though wish I could track maintenance/repair requests and service fees for rent, but the cash management is what's keeping me here for now.
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4 December 2024 | 4 replies
Find a military friendly realtor for lower commission fees if possible. 4.
10 December 2024 | 13 replies
But even better is that you'll have enough equity there to where you'll be able to refi sooner and pull all your money back out so you can grow more.
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5 December 2024 | 8 replies
If I go BRRRR I’ll refinance with a standard lender.Assuming we sell for $625k which is the ARV and market analysis I pulled, purchased for $345,500 and have $120k in reserves for rehab cost.
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10 December 2024 | 10 replies
I am pulling in between $500 to $1,000 from mine each month even at a high interest rate with about 25% down for each.
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13 December 2024 | 16 replies
One of my attorneys just sent me a bill reminder a couple of weeks ago for a fee I had already paid back in June/July, which never went through, and that I sent again in August.
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5 December 2024 | 2 replies
Other distractions include non income-producing activities - aka any distraction pulling you to do something other than speaking with and following up with people.How can I prepare myself?