
12 December 2024 | 10 replies
I would read up on the requirements of an S Corp.

15 December 2024 | 12 replies
Please be aware that all national homebuilders, and I would assume solar developers as well, will want enough time in the contract to conduct substantial due diligence, rezone (if needed), and get all required land development permits in place before closing on the land.

17 December 2024 | 36 replies
I think from all my years around these investments where most investors get in trouble is they simply do not realize that once they made the investment they no longer have any control.

11 December 2024 | 0 replies
This could free up more cash flow to reinvest in your deals.But here’s where it gets interesting: making the transition to an S-Corp can require a more organized financial structure, which includes separating your accounts, keeping clean records, and being prepared to pay yourself a reasonable salary as the business owner.

12 December 2024 | 3 replies
Happy to chat to you about those first tie home buyer programs.. some of them require almost no money down!

10 December 2024 | 11 replies
Will they require all members or just one?

13 December 2024 | 7 replies
If the rate is reasonable then it may make sense to try to save fast to get to the 3.5% down payment on a double or triple - househacking may allow you to increase your savings rate and pay down that loan even faster.As for estimating costs, closing in NY factor at least 1% of the mortgage amount for tax, plus $1500-2000 for lawyer, title and fees, then the amount required by the bank for escrow will depend on the actual property taxes and insurance.

9 December 2024 | 4 replies
Most simply, let's assume you do a cash out refi for $336K and the interest rate is 7.00%.

11 December 2024 | 4 replies
That will require that wholesalers become licensed agents.

7 December 2024 | 11 replies
And if you want SBA financing, they're going to require this anyway.