Zongfu Li
Kiavi is the worst lenders I have been working with
15 January 2025 | 11 replies
Several factors indicate the company is not that concerned about efficiency or ease of customer process: the website, a process that seemed to focus on one issue at a time instead of all issues at once, and consistently poor communications and lack of common sense from the loan analyst we were assigned.It started off very well with the initial point of contact, Austin Lornson, who did a fine job of explaining the general refinancing process, responding quickly and thoroughly to our questions.
Sharma Parth
Feedback on company Offer Geek in Flint, Michigan?
4 January 2025 | 13 replies
Suggest you monitor the media feedback during the NFL Draft this weekend - which we expect to be very positive!
Katie Miller
If you use a CPA or Tax Professional, how did you find him or her?
17 January 2025 | 117 replies
(I am avoiding phone numbers and websites so this response doesn't get redacted)Good luck, Janet
Ana Carini
Payment Processing Options for Cohosts
18 December 2024 | 9 replies
For the experienced cohosts in the group, I’d love to get your thoughts on payment processing options for cohosting companies (LLCs) that position themselves as property management companies but operate without a broker’s license.As an investor and soon-to-be STR entrepreneur, my business will initially focus on managing a small portfolio of vacation rentals with plans to scale.
Suganya Vinayakam
How much new ADU build increase value of the home in california
25 December 2024 | 60 replies
We will use the high end of this range ($100k) This implies the initial negative equity position is $150k $150k (initial negative position)/$350 (cash flow) takes 428 months to recover the initial negative position (35 years).
Jerry Tello
Over The Counter (OTC) Tax Liens
14 January 2025 | 11 replies
Book recommendations and websites are appreciated.
Brett Coultas
New member introduction and host financial question
15 January 2025 | 6 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Allen Masry
what happens to 500k
7 January 2025 | 21 replies
Put it in a short term treasury fund while you take a few months to read a dozen books from both the biggerpockets.com and bogleheads.org websites.
Chris Kittle
Wyoming LLC Set-Up and Recommendations
30 December 2024 | 10 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
Angie Ruiz
What's the best way to set up a partnership?
31 December 2024 | 3 replies
I've done my projects solo so far and it has worked out for me, however, it is time consuming and not in the position to invest all into one deal.