
16 October 2024 | 7 replies
This is correct, a lot of the FHA guidelines have changed in the last year making ADU financing a lot more acceptable and easier.

16 October 2024 | 4 replies
@Adolphus Fletcher For multifamily investing, most real estate investors typically use an LLC for several reasons:Liability Protection: LLCs protect your personal assets from lawsuits or debts associated with the property.Pass-Through Taxation: Income and losses from an LLC pass through to your personal tax return, avoiding double taxation seen in C-Corps.Flexibility: LLCs allow for flexible management structures and are easier to maintain than corporations.Anonymity: In some states, LLCs can offer a degree of anonymity if you use a registered agent and form the LLC in a state that doesn’t require public disclosure of members, such as Delaware or Wyoming.S-Corps are should be avoided for real estate investing because of various reasons.

16 October 2024 | 25 replies
At higher deposits i.e >25-30%, finding right property should then get slightly easier as then lesser yield would turn the asset positive though ones cash on cash returns would reduce.

15 October 2024 | 8 replies
But, from my personal and professional experience, larger deals are much easier to do than smaller ones.

14 October 2024 | 2 replies
Probably very little unless you are mis-rpesenting the property.As a wholesaler, are you an attractive lawsuit target?

15 October 2024 | 3 replies
If you use any of the major mailhouse services, like Yellow Letter HQ (a service I can personally vouch for), they offer a variety of templates and even provide text suggestions.A smart way to analyze this strategy is by observing people in your local market who use mailers and identifying what works or doesn’t work for them.The simplest and most effective way to test this approach is to pull a hyper-targeted list of distressed homeowners and run a small-budget mailer campaign.Hope this helps!

15 October 2024 | 5 replies
With low inventory, this is a more efficient approach than targeting specific areas, IMHO!

14 October 2024 | 9 replies
For growing 1031 Prime, in addition to BP I’d suggest targeting masterminds, REIAs, and local real estate meetups.

15 October 2024 | 4 replies
Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

11 October 2024 | 7 replies
Targeting 50% IRR.