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11 April 2024 | 4 replies
(We regularly invest into indexed ETFs for this reason)Look, you could certainly 1031 exchange to save taxes and find another property.
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12 April 2024 | 22 replies
You get up into the higher priced flips of regular sales and things take much longer.This is why I do not like all the stories about the markets recovering.
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10 April 2024 | 12 replies
And here's a checklist: ask for references, see their financial statements, Do they conduct regular inspections, and can you join them occasionally?
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14 April 2024 | 885 replies
That’s a good chunk of 0% interest credit that I’m currently using to purchase between 7 and 10 rental properties CFD.They also continue to work for you for a whole year, trying to make sure you get 0% for as long as you can and getting you more credit where possible.Additionally, not only do the get your credit cards w/ 0% interest to help fund your business, I’ve found that they have an extensive guide on how to build credit for your business… It takes some time to complete everything, but I can see how it could benefit me and my business in the long run.They also have you sign up for a newsletter on investing and funding at $50 an issue, it seems a bit outrageous… but if you stay signed up for a year, you also get a free 1 week stay (travel not included) anywhere in the US… $600 for investing/funding information and a 1 week stay anywhere I want in the US, I just have to get there… I guess it’s an okay deal.So, that’s pretty much everything you get from the business, and it’s not all too bad, and generally worth it…To access the money, they basically recommend two methods outside of transferring funds and regular use, Plastiq (2.5% fee, tax deductible) and Goldmoney (no less than 3% fee plus transfer fees).
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10 April 2024 | 1 reply
If anyone knows of any that are held on a regular basis and would like to share, I would really appreciate it!
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11 April 2024 | 9 replies
Looking at your whole situation to see if you qualify for a regular loan might be a better option that doing a DSCR.
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11 April 2024 | 19 replies
just be sure your property's numbers also work if you have to go to regular long term rentals. always have a plan b!
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10 April 2024 | 13 replies
I have several other properties and check the rental comps pretty regularly.
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9 April 2024 | 2 replies
I'm surprised by that value and would have thought the actual value is closer to the assessed value of around 1.5x the value of my lot -- the neighboring lot is identical but has a building and businesses on it, and is appraised at just $100k more than what their appraisal shows for the unimproved lot.
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6 April 2024 | 6 replies
While I don't want to jump to conclusions, the picture on the ID is 100% inconsistent with the person I have seen.I understand the seriousness of accusing someone of identity fraud without concrete evidence, but I also have a responsibility to protect the interests of our property and existing tenants.