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18 January 2025 | 8 replies
You will still earn on them.
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21 January 2025 | 4 replies
Conventional loans are typically in your personal name, while investment property loans, like DSCR loans, will need to be in your LLC's name.
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30 January 2025 | 6 replies
Typically, you are not required to pay FICA taxes on the salary deferred to a Solo 401(k) in 2024.
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30 January 2025 | 0 replies
Department of Housing and Urban Development (HUD) and Bankrate, the big perks of an FHA home loan are:Lower Down Payments: They typically require a smaller down payment than conventional loans, sometimes as low as 3.5% of the home’s purchase price.Lower Credit Score Requirements: They’re designed to help buyers with credit scores that might not qualify for conventional financing.
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1 February 2025 | 5 replies
Hi, I am keen on a property but checked that it uses Oil for heating (instead of the typical gas or electric).
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24 January 2025 | 3 replies
Also, I wanted to convey that the type of investor I describe should on;y accept a quality tenant well above what’s typically considered acceptable in the industry.
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7 February 2025 | 1 reply
Typically lender will want to see first paycheck before you close.Maybe rent a room in a house hack (we have one coming up in Little Elm if you can make the drive) save some more money and buy a house.
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31 January 2025 | 6 replies
@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.
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7 February 2025 | 7 replies
Typically, I run a current income/expense column next to a ProForma column to show potential value add opporunties.I agree with @Robert.
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20 January 2025 | 3 replies
The typical DST that an informed investor would seriously consider is only available for 80-120 days.Happy to chat nuances if you’d like to DM me.