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8 July 2024 | 15 replies
The borowwer would have to tell you either thier period of service of thier beginning entitlement.
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7 July 2024 | 1 reply
The challenge that many borrowers run into when looking for larger equity lines with limits of $250k+ is that they typically require full income verification (not always bank statement and DSCR exist) with lower DTI ratios (43-50%) however although the repayment scheduled is based off a simple interest only payment, (usually a 30 year amortization schedule with the initial draw period of 5-10 years) the qualifying rate is based off of the converted twenty year amortization schedule (240 equal installments) of the payback period.
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9 July 2024 | 16 replies
I’ve had this happen in a similar market propped up by foreign investors and tourism (Costa Rica) and luckily was able to wait out the down turn but there can be long periods of time in this type of market where properties just aren’t selling at all even at a steep discount.
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8 July 2024 | 20 replies
Purchasing a non-performing note can provide above average returns in a relatively short period of time, therefore providing the capital to purchase more non-performing notes and "churning" the funds.
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9 July 2024 | 8 replies
The only periods when US real estate can beat US stocks is when money is free or close like it's been in the 15 years following the Great Recession.
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10 July 2024 | 112 replies
I purchased a website and here is my actual revenue so far:I've gotten about 52,000 visitors to the website in this time period, mostly from Facebook.
9 July 2024 | 22 replies
And I have had an out of state rental property taxes increase 50% over a 1 year period!
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8 July 2024 | 22 replies
This would make sense if you planned on holding the rental property for an extended period of time.
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7 July 2024 | 6 replies
Would be super simple if it is set up like a stock where you can buy in and sell off as needed to effectively spread the gain over a period of tax years.
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6 July 2024 | 5 replies
.- Consider holding periods: With a potentially slower market, be prepared for slightly longer holding periods between purchase and sale.- Target desirable areas: Research neighborhoods with strong fundamentals, good schools, and amenities that attract buyers.- Stay informed: Keep a close eye on market trends, interest rates, and local economic factors that could impact your investmentsI also lend on fix and flip projects so let me know if you're looking to get an additional quote for your next flip!