Brody Veilleux
“BRRRR” a primary residence
23 December 2024 | 24 replies
Federal programs will require you to use GC/licensed folks for a lot of the work and they will get reimbursed by the institution that your loan is with; many GCs don't want to wait on the float time of requesting funds and getting them.Depending on the program and rehab/condition of the home, you may not be required to live in the home (think black mold remediation...bank isn't going to put you in a compromised position) however they may have min/max of when you need to move in.
Caleb Johnson
Hard Money Lending Questions
20 December 2024 | 14 replies
NMLS registration is a bonus because you can look them up on the federal registery to make sure they are real..
Ben Lindquist
Qualified Intermediaries - Any good or bad experiences?
17 December 2024 | 8 replies
I recommend you find a qualified intermediary who:Will not commingle your funds with other clients.Holds a Fidelity Bond with Errors and Omissions Insurance.Member of the Federation of Exchange Accommodators and Better Business Bureau.Wire Transfer Security measures to counter wire fraud.Have a great day!
Ben Johnson
Rental Income only - HELOC (accessing equity in hard times) HELP!
15 December 2024 | 12 replies
I have $150k cost basis$700k sale price ($420k to loan, $280k equity)$550 Cap gains20% Federal $110k11.3% CA $62kTotal Tax $172k - Granted not everything, but a very expensive route to take.
Spencer Manning
Section 8 (HCV): Do government funds ever run out? And other questions.
13 December 2024 | 5 replies
From my limited understanding of how they work is that S8 is a federal program that the local HA apply to so the funding is "Unlimited" as in that the local HA isn't individually funded.
Hussain Harun
Switching FROM Quickbooks to other accounting sofwares (Xero, Freshbooks)
15 December 2024 | 25 replies
Xero is wildly popular outside the USA.
Tekoa Glover
Am I entitled to a denial letter
13 December 2024 | 6 replies
NOPE these are not federally or state regulated loans or lenders they owe u NOTHING.
Hector Espinosa
If You Were to Start Investing from Scratch in 2025, What Would You Do Differently?
14 December 2024 | 42 replies
In no particular order I have listed some of the most popular markets for out of state investorsCincinnati, OhioDayton, OhioToledo, OhioYoungstown, OhioCincinnati, OhioMemphis, TennesseeSaint Louis, MissouriIndianapolis, IndianaDetroit, MichiganErie, PennsylvaniaLouisville, KentuckyMilwaukee, WisconsinJackson, MississippiEach of these markets is popular with turnkey investors because of the low barrier to entry, high rental demand & high rent to price ratio.
Julio Gonzalez
Opportunity Zone FAQs
2 December 2024 | 11 replies
They have become even more popular recently so here are some of the most common questions that I get asked regarding opportunity zones.What is a Qualified Opportunity Zone (QOZ)?
Richard Gann
3 Factors to Consider in Exchanging Your Oregon Rental Property
16 December 2024 | 1 reply
This action reflects an alarmingly popular sentiment that rental housing belongs to the state, not its owners.