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2 September 2024 | 22 replies
That is common from many lenders and it will also give you more time if need be if one of the other options does not work.
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29 August 2024 | 14 replies
@Bob Gruenig it might help if you could clarify what you're trying to accomplish with the LLC strategy.The most simple and common way to invest in a syndication is to put money as an individual.
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31 August 2024 | 11 replies
In my life outside of real estate, I worked in Information technology where I have participated in the creation of open source software as well as documentation published under creative commons. lots of license thinking to borrow from.It has always felt wrong to attempt to monetize everything associated with real estate investing.
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30 August 2024 | 5 replies
I am interested in building my wealth and need a great agent with amazing resources that can help me get the ball rolling.
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29 August 2024 | 5 replies
It is increasingly common for a PM to charge a "leasing fee" which covers all the costs of marketing, showing, screening, placing tenant under contract, collecting deposit and rent, setting up utilities, getting the tenant placed, etc.If the PM can't justify the cost, then they shouldn't be charging it.
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27 August 2024 | 7 replies
Common misconception is that DSCR loans are non-recourse because they can close in an LLC.
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30 August 2024 | 2 replies
How many lots, public or private utilities and who pays utilities?
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1 September 2024 | 79 replies
Then, the opportunity to buy and completely control the property, while having their seller/wholesaler do all the work.Sign me up.In fact, 50/50 JV splits are common.
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28 August 2024 | 5 replies
It's also common to encounter retail branch employees who are not familiar with the entities and various ownership structures real estate investors utilize since they are normally opening personal bank accounts.
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30 August 2024 | 15 replies
Many investors use a general rule of thumb for midterm rentals that they should earn about 50% more in rents than an equivalent long-term rental (whereas short-term rentals should earn double or 100% more than if the property was utilized as a long-term rental).However, for DSCR lenders, change can be slow and challenging, and many lenders prefer and require more precise qualification measures than rules of thumb.