Julio Gonzalez
Asset Classifications for Cost Segregation
7 January 2025 | 6 replies
Hi Chris- That would just be standard wiring then.
Brian Rocha
Any experience with HMLs for the purchase only?
10 January 2025 | 21 replies
@Brian Rocha It’s clear why most lenders insist on including rehab funds in the loan, and all of our partner banks follow this practice for fix-and-flip loans to minimize risk and meet securitization standards.
Jonathan Baptiste
How to stock your airbnb best practices
18 January 2025 | 16 replies
Standard stock is fine.
Kaleb Johnson
Best Area For Starting Out
4 February 2025 | 41 replies
@Kaleb JohnsonRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Paul Novak
Small & Mighty Real Estate Investing
21 January 2025 | 14 replies
I truly think I only need 4 more houses to hit my goal and then shift from buying to paying them off.I am not sure if I am thinking about this the right way and I am sure there are things I am not thinking about but below are my thoughts:Pros - I can purchase the houses I need to hit my goal faster - With getting homes fasters the depreciation, tax benefits, amortization, appreciation, rent increases all start sooner - Home prices on average should be lower now then if I buy in 4-5 years - I can take better advantage of leverageCons - I have more risk until I pay the properties off - Less upfront cashflow - Longer timeframe to acquire the properties to reach my goalIf anyone has any opinions or advice I'd love to hear it.One thing to consider is the more of one’s own money you use, the more you can be lax and lazy with the deal and your standards.
Zach Howard
New, hungry, eager to start while also patient. Large risk appetite.
10 January 2025 | 17 replies
@Zach Howard some copy & paste advice below:)-------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Mohammed Islam
Seller trying to keep EMD, financing fell through.
1 January 2025 | 8 replies
Did you use standard offer contract for your jurisdiction?
Jason B.
Suburban Chicago: One of the Hottest Rental Markets in the U.S.!
15 January 2025 | 10 replies
I'm a big fan of value-add opportunities, whether it's buying something currently undervalued & fixing it up to my standards, or buying something that has additional income opportunities that have yet to be incorporated.
AJ Wong
Property Insurance crisis will supercharge climate migration in 2025 and beyond
11 January 2025 | 2 replies
Fortunately I have all the standard contingencies.I also question what is a fair price for insurance.
ZZ Song
Any experience with Prime Corporate Services?
20 January 2025 | 31 replies
All fees seemed right in line with industry standard, ($9.95/mo, per entity + one-time registration fees).