Khaled El Dorry
Selling a portfolio
31 December 2024 | 6 replies
However, you can likely sell all the properties in the required timeline to do the 1031k, although that will take some effort/cooperation between multiple buyers/brokers, considering the separate markets.
Kandice Morgenstern
lease clause for tenant expectations/responsibilities during mandatory evacuations
30 December 2024 | 4 replies
It may not be required, but we are generally in a better place to absorb the loss than our tenants.
Brendan Jones
First property advice
9 January 2025 | 9 replies
Short term rentals do get more money, but also cost more to run and require more time.
Kyle Cross
Is investing with family inheritance a good idea?
6 January 2025 | 8 replies
@Kyle Cross you claim to know a lot about the industry, but your questions are vague and so is the info you've provided.Not sure how managing 8 units doesn't, "require much management"?
Tina Artigliere
Quest Trust Suddenly Closed down Administration on their Solo 401K Plans
15 January 2025 | 19 replies
We review yearly with our CPA who files the necessary forms.By law, IRAs require a custodian.
Colton D Lawrence
Creative ways to Improve Debt-Income to Qualify for Loan Approval
14 January 2025 | 1 reply
Because of my savings and lack of expenses, I'm in a very comfortable position to make my first move, but because my income is mid, I'm unable to meet the Debt-to-Income requirements to qualify.
Rick Ilich
Deed restrictions removal question
10 January 2025 | 3 replies
If it’s tied directly to the lender as part of your mortgage agreement, you’d probably need to negotiate with them or refinance with a different lender who doesn’t require that restriction.However, if the restriction is part of the property deed itself and was placed by a previous owner or another party, it can be more complicated.
Zongfu Li
Kiavi is the worst lenders I have been working with
15 January 2025 | 11 replies
Most lenders who order appraisals are required to order them through a 3rd party AMC, which can add additional costs to the appraisal but ensures that there is no lender (Or borrower) bias in regards to the values.
Bob Willis
DSCR for acquisition of existing PadSplit
15 January 2025 | 18 replies
What kind of seasoning is generally required as it relates to the rents/revenue as it relates to servicing the note, etc...I currently own one PadSplit (acquired via Subject-to) that has been up just over a month.
Alan Asriants
The realities of when you start acquiring more units - unexpected vacancy
14 January 2025 | 9 replies
This apartment required a cosmetic renovation that is going to run me around $27,000 to redo.