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 +/--).
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.
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.
Jeff S.
Living off rentals
31 May 2024 | 187 replies
I'm also a licensed agent in Colorado and that money goes to my "wants" like special trips, gifts, and money for my future rental properties.If I wanted to 100% live off my rentals and have no issues or concerns with money (reasonable quality of life), I'd want to be closer to 25-30 rental units.
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.
Gage Bohn
Live and Fix and Flip
23 May 2024 | 0 replies
Purchase price: $46,000 Cash invested: $38,000 Sale price: $68,000 Live in fix and flip, admittedly the cash for deposit was a gift, leaving me time to live in It and fix things up.
Alvaro Rodriguez
fallen Tree after storm Katy texas
23 May 2024 | 8 replies
One last idea, if you are on friendly terms with your neighbors, offer a gift card, dinner or (fill in the blank) in return for cutting up your tree and hauling it.