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13 November 2023 | 3 replies
Among the various real estate asset class options available, duplexes stand out as a unique and advantageous investment opportunity.
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16 November 2023 | 6 replies
DSCR lenders will run personal credit (which, along with LTV and DSCR, is among the three biggest factors determining your rate and terms) and typically require three to six months of PITIA “reserves” in liquid assets.
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21 May 2023 | 19 replies
Among the established ones, and I hope that yours is in this group, we have more prospects than we can handle.
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27 October 2023 | 3 replies
They're more concerned with the value of the property and the deal itself than your credit score, making them an option for fix and flips.Home Equity Line of Credit (HELOC) or Home Equity Loan: If one of the partners has significant equity in their primary residence, they could potentially tap into this equity to finance the deal.As for your upcoming meeting with the CPA/Tax advisors:Ask about the tax implications of flipping properties within an LLC compared to doing it as individuals.Discuss pass-through taxation and how it will affect each member.Review the benefits and drawbacks of different business structures (LLC, S-Corp, Partnership, etc.) for your specific situation.Address the issue of distributing profits and losses among the partners.Get clarity on the tax consequences of using private money lenders vs. conventional loans.Ask about any state-specific regulations or tax incentives that might benefit your venture.Lastly, always ensure you have a well-drafted partnership agreement in place that clearly outlines roles, responsibilities, profit-sharing, and what happens in various contingencies (like if one partner wants to exit the business).All the best to you and your partners.
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15 December 2018 | 9 replies
If it is backed by Fannie Mae"Good news for investors from Fannie MaeIf you’re among the large number of real estate investors who’ve chosen to roll the dice, your finger-crossing days may be over.
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22 December 2017 | 5 replies
I thought they would help me get my name out there faster but I felt like I got lost among the other 40 agents.
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12 November 2023 | 5 replies
Southern MN out among the corn-stalks?
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31 October 2023 | 10 replies
Is the property new or 100 years old, a condo or a SFR, are taxes and insurance among the highest or lowest in the country, is there an Hoa, do you use a property manager, if so what do they charge for, does your property have a tile roof and stucco siding or asphalt shingles?
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22 February 2020 | 13 replies
I have a few friends in law enforcement, and the Palmdale Sheriff's station is among the busiest in the state.
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22 November 2023 | 11 replies
@Ana Arce Hi Ana, I didn’t start out much older than you, ended up with my first house hack, a B&B where I lived among the guests for many years when I was 20.