Paul Novak
Small & Mighty Real Estate Investing
21 January 2025 | 14 replies
Purchasing subject to allows you to (1) buy a property and pay a lower rate (3-4%) that was in existence when the loan was originated, so cash flow will be better as well as equity buildup; (2) not have to qualify for the mortgage saving time, expense, and allowing property purchases in greater number than otherwise and (3) no personal liability on downside (4) no debt added to your PFS.
Joey Backs
US Citizen Non-Resident Financing
4 January 2025 | 9 replies
You can still qualify so long as you have verifiable income.
Tyler Garza
Shoot Down My Beginner Strategy
7 February 2025 | 52 replies
Instead, keep the property in your name or transfer it to an LLC for liability protection.Since you’ve lived in the home for at least 2 of the last 5 years, selling now could qualify for a capital gains exclusion of up to $500K (MFJ) or $250K (single).
Allende Hernandez
Is it legal (or a good idea whatsoever) to reimburse screening fees?
11 January 2025 | 9 replies
If they only make $2000 and know their income has to be $3000 or higher to qualify, they can apply elsewhere and save the $30 application fee.
Daniel Chen
Section 179 Question for rental business
4 January 2025 | 11 replies
An LLC is potentially one minor factor that might contribute to the evidence that you are running your rental activity as a trade or business, but it's definitely not required that you have an LLC to qualify.
David Bull
2nd house out of 25 in the next 4.5 years
8 January 2025 | 4 replies
Made sure to check the ledger and T12 to ensure that the tenant was qualified correctly before purchasing the property.
James Carlson
Are STRs as we know them dead in Colorado (and other places)?
27 January 2025 | 56 replies
Several have mentioned utilizing low down payment second home loans for qualifying.
Karin Recalde
Purchased property listed and sold as a triplex just found out from city it is a SFH
6 February 2025 | 28 replies
Sometimes, properties rented out for years as multifamily can qualify for a variance or grandfathering, depending on local laws.
Jonathan Warner
Private lending. Where do I start?
5 February 2025 | 16 replies
Any tips on finding qualified (key word) borrowers in my local area?
Hayat- Hyatt Barron
New Jersey Investor Seeking to Build Passive Income—Let’s Connect!
4 January 2025 | 12 replies
My suggestions would be in this order:(a) Determine the type of financing you qualify for - this will short cut the process considerably and save time on investment angles and next steps.