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23 September 2024 | 8 replies
The fact that it’s a major rehab over six figures makes it worth considering a cost segregation study.
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25 September 2024 | 5 replies
Not just in the setup, initially, but separate bank accounts and properly signing all documents as a member of the LLC, even if you post on your personal social media accounts about a property owned by the LLC, if someone sues you, they will try to use all of that to get to you personally.
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25 September 2024 | 20 replies
I will have to continue to read, brainstorm and study.
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26 September 2024 | 7 replies
One other note about condos in PHX is that your exit strategy needs to be accounted for even more with condos.
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25 September 2024 | 13 replies
A recent study showed that 80 people are moving to this city every single week, which will continue to increase housing demand.
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26 September 2024 | 2 replies
I'm sure there may be plenty of other metrics we are not taking into account here and if so, please let us know what other critical items we should be looking at!
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26 September 2024 | 7 replies
My firm can do it, but the funds need to season in your account for a month.
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26 September 2024 | 1 reply
There were at least 4 maybe 5 individuals on Dave’s team that handled numerous things like; getting any necessary info from me and the title company, providing my account statement (proof of funds) for the sellers of my replacement, working with ERG for the exchange documents I needed to sign for both closings, and getting the 45-day form filled out and sent back to ERG.
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30 September 2024 | 25 replies
Hard money lenders, since we are asset based, will go based on the asset - we will look at your credit and experience for terms - but we don't go into your personal accounts and we don't care how many properties you are flipping at one time, or how many loans you have open.