David Nunn
Advice Needed! Good Deal, Wrong Time?
3 June 2024 | 4 replies
Sell for $400k, he'll carry $100k of that interest only, and gift 10k/year for 10 years.I really don't want to pass this up, but putting in the amount of money needed for a tiny bit of cash flow, or losing money each month for a couple years would risk running out of money and pushing me back to a regular job.Would you pass on it?
Nathan Gesner
Are you investing in self storage?
6 June 2024 | 57 replies
My realtor and I will keep looking this way, just to say hello, talk for a bit, leave our contact info and a little gift :)My husband and I are residential rental owners, and I get those calls/letters/texts/emails all the time.
Bobby Valcin
New Appliances vs. Used Appliances In Rentals
4 June 2024 | 23 replies
You can make sure to get 10% off coupons from usps moving or buy gift cards at 90 cents on the dollar (I get them as credit card rewards) to stack up the best discounts.
Peter Macron
Gifting an Expense Tracking Tool
30 May 2024 | 2 replies
The first prototype is just about complete, all I need to do is set up an inbox/drive for them to send receipts to.I'm posting here because I wanted to ask what features I can include to make this tool even better for them and make it a more special gift.
Eric Lind
Mortgage Lender tells me to not pay full credit card balance?
2 June 2024 | 2 replies
Some programs allow that money to be a gift from a parent, others require that money to have "seasoning" in a bank account of 6 months or longer.That would make the monthly payment $1,936 then you add PMI $100 +/--).
Jim K.
GENERATIONAL WEALTH: Do you worry about your kids?
31 May 2024 | 111 replies
I did not get fancy vacations, or allowances or extravagant gifts (outside of my parents gifting me 4 years of college).
Ross Smith
Anyone used Curbio to flip?!
29 May 2024 | 30 replies
Curbio may just be the greatest gift of the century for flippers.
Shaydon Childers
DSCR LOAN question
29 May 2024 | 12 replies
hey @Shaydon Childersmost responses are right, this will be challenging for traditional DSCR as they dont like gift of equity; and seller credits would be capped (usually at 2% of your purch price) and only allowable to be applied to closing costs. i have one lender (specifically for 1-4 unit investment properties) which will allow for up-to 90% CLTV... and they are okay with seller financing so long as the seller is in 2nd lien position, allowing them in first lien position. they would max at 75% LTV on their 1st, with a 15% allowable seller-carryback (90% CLTV), and then up to 3% seller credits toward closing costs too. they offer 30 year fixed rates, however, due to the added risk for the lender, the rates are going to be much higher than the traditional DSCR loan.
Julio Gonzalez
Does recapture diminish the value of a cost segregation study?
28 May 2024 | 0 replies
The detailed cost segregation study report can help businesses more effectively manage their assets.If assets don’t fall into one of the examples above, there are options such as a 1031 exchange, gifting them through a trust or other advanced tax strategies to avoid depreciation recapture.
Paul Novak
Dealing With Neighbors
25 May 2024 | 12 replies
Maybe gift your tenants a white noise machine and make sure all their locks are secure.You're new tenants probably won't renew their lease.