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12 December 2024 | 2 replies
I’ll be sure to get the survey over to you shortly.I completely agree—it’s always best to approach a deal with a clear offer in hand and come to the table with something rather than nothing.Some people have advised against tying up a wholesale deal first and then scrambling to find the right buyer.
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11 December 2024 | 3 replies
I have decided to look into a heloc, I'm a bit newer into realest state investing, I have completed a couple of fix%flips this year, I currently use hard money for the purchase with 10% down and I cover 100% of the rehab, with that said even just doing a couple of homes at a time, I find myself around 200k out of pocket, I think it would be a bit easier on myself and wife if we utilized a heloc vs just cash, my primary should appraise around 1.1m and my mortgage is 640k, I'm looking at pulling about 250k for a heloc, I don't want to refi the home and cash out as I only want to pay interest on funds as I use them ( I know I won't always be using the heloc cash) Any advice or even knowledge for people in a similar situation, and anyone have a referral for a Heloc?
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10 December 2024 | 16 replies
At least that is what I hear from people looking I don't know MTR in phoenix.
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10 December 2024 | 7 replies
What is common and what people expect and by people I mean the people who would live in that finished unit not the peanut gallery.
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10 December 2024 | 25 replies
Very nice people there in that neck of the woods.
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12 December 2024 | 6 replies
Lot of people excluding the most important R that differentiates a flip from a rental - the RENT part...financing generally changes if you don't have a tenant or lease.
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11 December 2024 | 8 replies
I can introduce you to a few people who can likely help at Red Stick REI in January if you'd like.
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11 December 2024 | 0 replies
This is especially important when owning rental properties or managing flips because it minimizes your personal liability.However, many people stop at forming an LLC without considering the potential tax benefits of electing S-Corp status.