
14 October 2024 | 12 replies
This designation allows them to treat rental real estate losses as non-passive, meaning they can deduct losses against other active income.

14 October 2024 | 8 replies
Its a Reg a+ (so open to both accredited and non accredited) - $5k min.

12 October 2024 | 7 replies
I suspect they drew you a flow cart and then your conversations went something like this: I need to transfer my properties to an LLC for anonymity.They are told they are not anonymous & that is not asset protectionBut I need it anyway for tax savings.They are told there’s no meaningful tax advantages But I can get non recourse debt because the LLC is the borrower.They are told they still have to personally guarantee the loanNo, I can get non recourse debt I read all about it.They are told yes, while that is true, the leverage is customarily low, applies to much larger CRE transactions and there are still carve outs.

16 October 2024 | 13 replies
I personally would try to get a family member to manage it if that's an option.You can get conventional financing as a business owner if you go with a non-QM or bank statement program.

17 October 2024 | 26 replies
The risks are:- non payment by buyer and must foreclose- lender calls the note dueThe answer to the 1st is to make sure there is a good down payment so dollar wise this does not harm seller.The answer tot he 2nd is to use a land trust and appear Garn St Germain compliant.Just my 2 centsAlan

12 October 2024 | 16 replies
How do you feel about a $700k purchase price with a non owner occupied 4plex DSCR loan 3yr prepayment penalty, 10yr interest only 30yr fixed after$560k loan amount (20% down)7.750 par rate with no costs. monthly payment $3,616.66Or pay $22,295 in closing costs and get a 6.375% Monthly payment of $2,975The monthly payment difference between the two is $641.66And when you take $22,295 in closing costs and divide it by $641.66 that will give you 34.5 months (2.89 yrs) to break even if my math is correctHow do you guys feel about taking a lil less than 3 years to break even on $22,295And the seller is giving me $15,500 in seller concessions thanks for the advice guys!!

13 October 2024 | 23 replies
Find a non-bank lender or broker who offers bank statements loans - this is literally the situation that these products are meant to tackle.

11 October 2024 | 2 replies
Beneficiary would receive current balance at time of death IAW Roth IRA rules.All sounds good but I’m not familiar with Athene’s possibly non stock investment vehicles.

11 October 2024 | 21 replies
Which I'm evicting for non-payment.

17 October 2024 | 23 replies
None roll to a permanent loan that I know of today for non owner spec.