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11 February 2025 | 7 replies
Sounds like things have changed a lot since 2016, and it's helpful to hear from someone who’s actively operating in the area.I completely get that this is a different market dynamic.
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20 February 2025 | 8 replies
There's just so much wiggle room doing this, especially since you're dealing with a family member who completely understands the finances of the park.
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13 February 2025 | 17 replies
I get that you’re trying to drum up business for your interior design services, but i’d recommend replying to other people‘s posts with helpful info, not spamming this forum with new posts that don’t introduce anything insightful.Finally, for folks reading this, I would add that there are amazing interior designers in places like Romania and Brazil and Sri Lanka who will do complete redesigns for you at very inexpensive prices.
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1 February 2025 | 15 replies
Hindsight and a few decades of experience has taught me that with a good lawyer I would have been in the clear completely.
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19 February 2025 | 8 replies
If you go with the partnership route1) You need to manage the money going in and out of the business bank account.2) File a partnership return and be responsible for issuing K-1's3) make distributions to you and your partner for cash flow that you receiveYou will likely spend many hours on a nice gesture.I may want to consider instead to give a christmas gift or a bonus for early completion of projects.
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31 January 2025 | 1 reply
The property investment in total is estimated to be 105K with $1600 per month cash flow when complete.
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18 February 2025 | 33 replies
Yes, note investing is a completely different animal, apples to oranges.I do know that PPR has gotten a bit into multifamily investing, but I don't think that is their focus.
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29 January 2025 | 11 replies
Once you complete and rent/stabilize, you should easily be able to get into a DSCR loan.
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10 February 2025 | 7 replies
Typlcally, a lender is going to lend 75% - 90% of the Cost of the project (property price plus rehab cost (scope of work)) or 70% - 75% of the ARV (As Repaired (as completed) Value).
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12 February 2025 | 4 replies
If you want to be completely anonymous, you can use a Registered Agent.