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1 September 2024 | 9 replies
What I've been told is that it's unlikely assuming the owner of the LLC is the same name as the person on the original title etc...I'm not an expert here, but this has been my experience with the first few properties I've purchased.
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3 September 2024 | 10 replies
Originally posted by @Paul Choate:@Gita Faust I am currently looking into getting a software program.
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28 August 2024 | 7 replies
If you plan to have multiple units, I would suggest looking into creating a foreign series LLC.
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7 September 2024 | 85 replies
Originally posted by @Diana Jing:@Elsie Q. we completed our first build and actually had a tenant lined up before the house was even completed.
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2 September 2024 | 34 replies
Originally posted by @Travis Bobo:Thanks for quick replies.
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28 August 2024 | 6 replies
BRRRR is Not Dead: How to Scale in a High Interest Rate Environment
This Thursday November 30th at 2 PM EST Palak Shah and Niti Jamdar of Open Spaces Capital share their SCALE framework—a spin on the BRRRR strategy ...
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1 September 2024 | 10 replies
I am looking to buy again in the next six months.Here’s the situation:I own a home in San Diego, currently worth about $1.05 million once the ADU is built.I owe $680k on the mortgage at 4.25%, with monthly payments around $5,500.The property generates $7,500 in monthly income: $5,200 from the main house as a vacation rental and about $2,300 from the ADU as a mid-term rental.My broker is advising me to do a cash-out refinance and switch to a DSCR loan, then move the property into my LLC.I’m hesitant because current interest rates are around 8%, and I was originally considering a HELOC due to these high rates.Given the high rates, would you recommend sticking with the HELOC, or does the DSCR loan make more sense in the long run?
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1 September 2024 | 79 replies
Originally posted by @Jay Hinrichs:@Juan Perez Ok I did not read it that way...
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2 September 2024 | 5 replies
I am a bit skewed here as I primarily originate business purpose and commercial loans.
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3 September 2024 | 23 replies
Getting the sellers profiles sounds good, but not generally allowed.This might bight you later when the platforms realize you are not the original owners.I'd get everyone's contact info and tell them you are setting up new profiles under your name with your bank account etc. and ask them to rebook under the new profiles.Then I would offer discount pricing to start with to get more reviews and build your brand.