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3 December 2024 | 3 replies
The full payment would be around $5,400 : The ADU could rent for $2k per month and you would be left with $3,400 per month on the main home.
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7 December 2024 | 6 replies
This could include keeping track of the construction holdback.
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5 December 2024 | 10 replies
They are not allowed in certain master planned communities.Summerlin, including Sun City Summerlin▪ Town Center▪ Skye Canyon▪ Cliff’s Edge▪ Symphony Park▪ Grand Canyon Village▪ Las Vegas Medical District▪ Providence SquareAnd these restrictions I find would be the most difficult for you to overcome - A short-term rental license does not provide authority to violate any common-interest community’s covenants,conditions and restrictions (CC&Rs).
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9 December 2024 | 2 replies
Use a promissory note drafted by an attorney to outline loan terms, including an interest rate that aligns with IRS Applicable Federal Rates to avoid gift tax issues.
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16 December 2024 | 43 replies
Our team discussed multiple investment options with him, including new construction homes in nice areas that likely attract better quality tenants.
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13 December 2024 | 13 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
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9 December 2024 | 16 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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10 December 2024 | 7 replies
Most lenders are going to want to see a few big things from the ownership group. 1) The borrower will be the enitity (LLC, S-Corp, etc) and any owner with usually 20% or more of ownership in the entity will be expected to guaranty the loan, 2) We'll want to see some experience doing similar projects from at least one of the main owners, 3) We'll want to see bank statements showing liquidity enough to cover the intial cash injection (down payment), the closing cost, and some cash in reserve.
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6 December 2024 | 2 replies
If you look at what they have avaliiable on the website its mainly desert lots.
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13 December 2024 | 18 replies
One of my favorite authors, Nicholas Nassim Taleb, sold me on the concept of Skin in the Game and holding all pundits accountable for prior predictions, myself included.