David Cheng
What do you qualify as a proof of funds?
4 November 2024 | 34 replies
As a result I’m much more concerned with a borrower showing funds for at least a reasonable down payment.A problem with a screen shot of say a buyer’s Vanguard account is that it’s so easy to use PDF tools which can alter the numbers and be virtually undetectable.
Nicholas Whelpley
Any tips for us Massachusetts Investors
30 October 2024 | 3 replies
Is there any meetups in person or virtual that you recommend attending?
Kyle Lam
How to Estimate Rehab Quotes
31 October 2024 | 6 replies
Remodeling real estate is just as much art than science.
Harrison Pruett
Newbie Here! | Tips, Tricks, & Advice Appreciated!
14 November 2024 | 25 replies
Hey Harrison, I just graduated from college as well and started wholesaling in St.Louis virtually.
Scott Meech
Determining Quality MTR
5 November 2024 | 34 replies
It's a group that meets virtually every Friday from 9-10am PST and is specifically for MTR hosts.
Melanie Baldridge
What is “conservation easement”?
29 October 2024 | 2 replies
The rest of the land isn’t really easy to build on so It is virtually worthless to you.Let's say you paid $5MM for the facility based on NOI and the land came with it, virtually free.So you decide to get the property appraised for development value and donate it to a land conservatory.The appraiser runs some comps on other land recently purchased to get you a value.They come back and tell you the current development value of that land is $50,000 an acre. $50,000 times 15 acres equals $750,000.You give that $750k development right to an agency, and It is treated as if you gave $750k to the Red Cross.It's a huge deduction.Depending on your tax bracket, that tax deduction could be worth several hundred thousand dollars to you.It's a pretty big deal.
Nolan Fernandez
Buying house with Section 8 voucher
3 November 2024 | 24 replies
And most will be able to pay the taxes when they come due, and put on a new roof, and put on a new coat of paint.As well as replace the carpets, cut the grass on a regular basis, replace the windows, reseal the chimneys when the liners crack, etc..It's unlikely that that these homes will fall into the slum category in 10 years or so, and make the asset underlying the loan virtually worthless.Or just vanish when the place starts to fall apart too much, due to no down-payment (no skin in the game 100% loans).Said the lawmakers who approved this.
Kelsey Vander Meulen
Out-of-state landlord: best method to handle maintenance requests?
31 October 2024 | 15 replies
I'm already using RentRedi to screen tenants, receive rent, deliver messages, but I wanted to know if anyone had any suggestions on either a software or virtual assistant type platform that helps them automate maintenance requests...
Forrest Webber
Excited to Join! Real Estate Investor from Austin, TX + Tesla’s Impact on Our Market?
28 October 2024 | 2 replies
I'm actually keeping an eye on some spots east of the gigafactory; there's a lot of buzz about potential there.Would love to swap insights and maybe grab a coffee (even if virtual) to chat more about how we can navigate and capitalize on these changes.
Matthew Banks
Advice: How to avoid having to show apt to multiple prospects ?
29 October 2024 | 4 replies
If not, you might consider having a professional tour and/or Matterport 3D virtual tour.