Michael Carbonare
How To Get Started: Simplify, simplify
21 October 2024 | 2 replies
Rents will go up and your biggest mistake was to buy a nice house in a desirable neighborhood.The real threat is buying in the hood, leveraged up to the gills, maybe even with hard money, tenants are bleeding you dry, while you are writing checks to attorneys and contractors.Milwaukee is getting a lot of attention lately: cash flow is still better than most places and appreciation is stable at 5-8%.
Cody M.
Commercial Car Lot
20 October 2024 | 2 replies
@Cody M.I would add a Phase I Environmental Site Assessment as a contingency to any offers on properties more susceptible to environmental issues (dry cleaners, gas stations, auto repair garages, etc.)
Edward R.
Building thats a National Historical Landmark in a National Historic District
19 October 2024 | 0 replies
The basement is dry as hell, and it's nicely decorated.QUESTION: What types of financing, financial assistance and tax benefits does one get from being a registered landmark in a historical district?
Joseph Shuster
Negative Cashflow - STR
28 October 2024 | 46 replies
Losing approx $5-10K per month during summer seems excessive.
Jasmine Wilkes
Cash out refi no mortgage on home
20 October 2024 | 13 replies
A conventional loan may come in slightly cheaper, that's true, but the red tape on conventional mortgages is excessive to say the least.No Reporting on Personal Credit: DSCR loans are kept off your personal credit profile, which is perfect for keeping your personal and business credit separate.
Kyler Cook
Christian Investors - How do you tithe?
24 October 2024 | 27 replies
They are very transparent about where the money goes and great stewards, of it so we feel comfortable giving knowing they're not using it for frivolous excesses.
Account Closed
Breaking Down How Much Money You Need to Invest in Real Estate
21 October 2024 | 1 reply
Unfortunately, the perceived excessive costs involved in purchasing real estate can intimidate aspiring residential real estate investors.
Deborah Wodell
Lender Red Flags: Which Lenders Have You Had Bad Experiences With?
17 October 2024 | 16 replies
He would try and sell that original loan to investors so they could also fund the draws but he got caught in interest rate spikes and left a lot of people high and dry as he was writing loans at lower rates and when rates spiked the loans were worth a lot less.
Will Mejia
Solar panels for 3-unit rental property??
18 October 2024 | 7 replies
Installation Costs and IncentivesAverage Cost: Residential solar systems typically cost between $15,000 to $25,000 before incentives for a 6kW system (suitable for an average home).Incentives: Illinois offers substantial incentives, including:Federal Tax Credit: A 30% federal tax credit applies to system costs.Illinois Shines Program: Provides Solar Renewable Energy Credits (SRECs) that homeowners can sell for additional income.Net Metering: You’ll receive credits for any excess energy your system produces, reducing your utility bill.2.
Jonathan Krauser
Letter's to find Off Market Properties
25 October 2024 | 33 replies
No list no set of characteristics and predict motivation because motivation is based on emotion, NOT DATA.If you were a lion in the dry savannah of Africa and you wanted food.