
28 November 2017 | 5 replies
Don't be pushy, be natural. if he is willing to sell, GREAT!

22 November 2017 | 6 replies
.- Any expense on line 14 "repairs" can only be added back with a bunch of supporting documentation matching exactly & based on a human underwriter's judgement call on the "one time" nature of it (and how that underwriter's mood is on that given day) on a one-off basis.

10 December 2017 | 7 replies
That business model works well for more static assets (private placements) but is not generally best for investments that are more time-sensitive in nature or involve a lot of transactions (rental real estate, tax liens, etc).There are a smaller number of firms that provide plans offering checkbook control.

25 November 2017 | 9 replies
Getting excited is but natural.

23 November 2017 | 8 replies
I also own a business that nets $500k+ annually, and the nature of the business has little to no opportunity for deprecation and amortization so I'm stroking a $250k+ check to the IRS every year.

24 November 2017 | 6 replies
So property management, dealing with rents in some capacity, being a floor manager in college, showing an lease on a room you rent out in your current home...anything along those lines to show you have experience of SOME nature will be required when purchasing a multi-unit property with a VA loan.

7 December 2017 | 6 replies
One of the charms of living in a small town is being near nature and having a close knit community.

27 November 2017 | 3 replies
Make sure and carry adequate insurance with high liability limits no matter what your situation.A final thought.....and I don't have first hand experience in getting sued but knowing others who have (in Florida), it is very unlikely that a judge will force you to liquidate a property, especially one encumbered by a mortgage, to settle a lawsuit.

30 November 2017 | 7 replies
(Of course that would be contingent upon you becoming an agent at that brokerage and staying there for 6-12 months or something of that nature.)Other good questions to ask them would be what are their commission splits, a breakdown of ALL fees (monthly or annually), what their commission cap is, whether they provide leads for you and if the commission changes if they do, how often they provide training and what the topics of the trainings usually are, do they provide mentoring to help you work through deals, etc.Also, keep in mind that there are fees that the Broker has no control over such as MLS access, ($300/6 mo in PA), Realtor dues if the Broker is a member of the association of Realtors ($600/yr in PA), marketing materials, cost of yard signs, networking associations to network with investors, etc.

3 December 2017 | 22 replies
Since these loans are short term in nature, almost all are interest only payments.