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19 August 2024 | 0 replies
My partner and I put in equity 50/50 and got hard money financing in the beginning to put less down, and then we either refinanced or 1031 exchanged into larger assets.
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21 August 2024 | 10 replies
Look online or go in person and get all their eviction paperwork.3.
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21 August 2024 | 94 replies
Regarding youtube videos, I would say Phil Pustejovsky technically has more real estate specific knowledge he is giving away for free online than Kris does.
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20 August 2024 | 64 replies
@All - i won the online auction, I’ll try to post updates on here.
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21 August 2024 | 7 replies
Do not put rental properties in an S Corp.Generally, you should have an S Corp for flips, property management operations, commissions and any other activities that generate ordinary income.Passive investments should be held in pass-through entities like partnerships.I'm not an accountant, but I have clients and personally had to pay taxes to move long-term holds out of S Corps just to change title (e.g. for refinancing).
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20 August 2024 | 40 replies
The pre-payment option; is my understanding, that the pre-payment option is only executed when the loan is refinanced or the property sold.
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21 August 2024 | 26 replies
Commercial mortgage lenders don't like doing small loans, so this will be a lot more viable if the total debt amount being refinanced has seven digits instead of six digits.
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19 August 2024 | 4 replies
Hey Travis, I purchased with a HELOC and will be refinancing once my Reno is complete.
20 August 2024 | 4 replies
The LLC has nothing to do with this because you aren't getting a loan to a new LLC as a new investor with no track record unless you have a long-standing relationship with a local community bank or credit union.It's good that you have boots on the ground in Birmingham, but I can tell from the way you laid it out that you have done research online and made a plan based on this.
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20 August 2024 | 3 replies
You can go and look up all the Fannie Mae guidelines online on their website:https://selling-guide.fanniemae.com/sel/b/origination-throug...The link above is the "origination through closing guidelines"Hope it helps!