
5 January 2025 | 24 replies
It can take a year or more to complete an ADU.

9 January 2025 | 20 replies
Most of the tax experts who specialize in real estate work completely virtually these days.That said, a local CPA probably does have an edge if your state has state income tax and especially if your city has a local tax on top of it.

31 December 2024 | 18 replies
It sounds like you stand to net (before taxes) about $4.3 million.

7 January 2025 | 16 replies
Funding the larger properties to start sounds like it will be my biggest challenge and I'm not convinced, yet, that I can't find the money out of my own pocket or find OPM to get a deal done.

5 January 2025 | 4 replies
Sounds like you have equity in them.2.

6 January 2025 | 5 replies
It can take a year or more to complete an ADU.

4 January 2025 | 20 replies
It's completely a result of mismanagement and staffing.

9 January 2025 | 15 replies
It sounds like you did a lot of work, congrats on getting it finished!

10 January 2025 | 28 replies
No yeah absolutely, thats why 97% of my money is completely in investments, I have little to know expenses and am extremely frugal with just a simple car investing for my future thanks for the suggestion and everyone else here aswell I think I will continue to do what Im doing until I turn 18 and house hack seems like a great idea!

4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?