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17 December 2024 | 14 replies
Many who want to scale fail to take this into consideration, take on too many projects at once, have no capital to advance the construction and ultimately get stuck in mud unable to advance any of their projects.
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16 December 2024 | 21 replies
If that's the case I would strongly suggest building your team before pulling the trigger on an Airbnb.
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21 December 2024 | 10 replies
Before you decide to pull the trigger with any Bank/Lender make sure the they are well versed in DSCR guide lines and close more than a couple a month.
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2 January 2025 | 53 replies
Offer them owner financing - sometimes you can even have them assume the mortgage (without triggering the due on sales clause) if it is serviced by a third party.
13 December 2024 | 15 replies
Transferring ownership to your LLC might trigger transfer taxes or reassessment, depending on your local regulations.Commercial lenders will evaluate your loan based on the property’s cash flow (DSCR) rather than your personal income, which is great for freeing up your DTI.
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6 January 2025 | 25 replies
While those are all considerations and options you have a license and skill that is incredibly valuable to anyone who wants to transition into real estate full time....the ability to charge for your time.
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17 December 2024 | 3 replies
Many thanks for your consideration and input!
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19 December 2024 | 10 replies
This would be VA loan with 0% down so I might try to pull the trigger here on it soon.
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16 December 2024 | 4 replies
And preparing a building site and installing a driveway are further considerations if I even decide to build something there.
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14 December 2024 | 3 replies
I’ve heard different things like taking a Fannie Mae loan out then converting it to a LLC and the likelihood of triggering a due on sale clause is minimal.