Venka Pulla
How to deal with Bad property manager
11 January 2025 | 7 replies
If you can't get ahold of the PM, demand letter is next.
John Gillick
1031 leverage question on partial sale
15 January 2025 | 11 replies
Based on IRS Private Letter Rulings (PLR 200805012 and PLR 200901020), development rights can qualify as like-kind property for a 1031 exchange if they are considered interests in real estate under state law.
Tayvion Payton
Seeking Advice: Is $850K a Reasonable Offer for This Multifamily Property?
13 January 2025 | 17 replies
@Jaycee Greene I planned to approach the seller to explore the possibility of carrying a seller's note.
Ryan G.
Investment Property opportunity assistance
6 January 2025 | 5 replies
. - The home is 2 payments behind and already got a letter from the lender about future foreclose.
Chad Shultz
Flooded Fix and Flip - South Daytona
4 January 2025 | 0 replies
This was the first property we carried flood insurance on, during our project.
Jack B.
What are the risks of DSCR loans?
19 January 2025 | 9 replies
I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!
Steve Mitrano
Flagstar Bank & LLC Transfer
12 January 2025 | 8 replies
My lawyer told me to send the bank a letter notifying them that I'll be transferring a title, but I've had other people tell me to call the bank.
Ernest Ho
Emotional Support Animal / Service Animal
19 January 2025 | 18 replies
I have ESA valid doctors letter proofing that, but need to send the addendum to sign now.
Elvon Bowman
First time acquisition
16 January 2025 | 12 replies
Unless you're working with Private Money that is going to carry the risk of your lack of experience, banks want to see experience, Net Worth and liquidity after close to consider the terms.I started with single family, four plexes, and remodel flips for a lot of years before getting into larger deals.
Basit Siddiqi
Investing in Spain: Good idea for non-residents(Americans)?
23 January 2025 | 31 replies
I may not have explained myself clearly, so I apologize if there was any confusion.You are absolutely right that to carry out tangible commercial activities in Spain, such as real estate projects, it is necessary to establish an SL (Sociedad Limitada).