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4 February 2025 | 8 replies
Lenders look at creditworthiness/balance sheet/track record and the collateral in determining the leverage they will offer.
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22 February 2025 | 18 replies
Even when I travel, the tenants don't mind a bit of a delay.
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27 January 2025 | 3 replies
Being in the Army limits my ability to travel and explore markets firsthand.
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11 February 2025 | 6 replies
Why ask: You want to know the mentor’s qualifications, expertise, and track record in the specific area you need help with.
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6 February 2025 | 5 replies
Give fair housing testers the right to secretly record your call, trying to trap in a fair housing issue.
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18 February 2025 | 5 replies
Contributions for development and remodeling will be capitalized, increasing the property’s basis and reducing taxable gains upon sale, though these costs are not immediately deductible.The LLC Operating Agreement must clearly outline how contributions are recorded and how profits, losses, and expenses will be distributed.
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31 January 2025 | 11 replies
@Charles Perkins is absolutely correct about "collecting all receipts, properly tracking all income and expenses and your basis for all assets properly documented and recorded."
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6 February 2025 | 7 replies
Just make sure to vet them carefully and ask for references from past deals and proof of their track record.
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20 February 2025 | 8 replies
Private lenders or even creating a small syndicate with a group of investors might also be worth exploring, especially since you can point to your uncle’s track record and your own experience managing rentals as a selling point.If timing is tight, you could look into a bridge loan to secure the property while figuring out a more permanent solution.
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19 February 2025 | 57 replies
Meaning you can spend the time traveling to the market(As we did for 18 Months once per quarter) or you can seek a reputable operator in the market you want to invest in and leverage their team.