Kerry G.
What are good resources for short term rental laws
5 December 2024 | 10 replies
For instance, the latest regulation in my state starts: "830 CMR 64G.1.1 repeals and replaces the regulation formerly titled as "Establishments Subject to the Room Occupancy Excise" and reflects the statutory changes enacted by St. 2018, c. 337 and St. 2019, c. 5."
Jamie Parker
Whats more important: $100,000 or 10,000 calls?
15 December 2024 | 9 replies
I realized my confidence was lacking.Around that time, I begin working with an accountability coach and establishing some small goals, embarrassingly small,...5 calls a week.
Celine Rechyy
Seeking Guidance on Real Estate Investment, Especially House Hacking
6 December 2024 | 17 replies
With the right agent, you'll learn how to run the numbers and establish a network of lenders, investors, other agents, contractors...
Nate Jenks
Fixed vs "first responder" Adjustable rate mortgage.
11 December 2024 | 10 replies
Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained
Chris Yeung
Investing in Norada Funding's notes
19 December 2024 | 55 replies
This rule is part of the Securities Act of 1933, which was established to provide more freedom for businesses to raise capital while still protecting investors.Here are the key aspects of Regulation D, Rule 506(c):Rule 506(c) Filing:Allows issuers to broadly solicit and generally advertise an offering, provided that all purchasers in the offering are accredited investors.Requires issuers to take reasonable steps to verify that the purchasers of the securities are accredited investors.Issuers must still file a "Form D" with the SEC after they first sell their securities.The rule effectively lifts the prohibition on general solicitation and advertising for certain investment offerings, allowing companies to reach a broader audience when seeking investment.Accredited Investor Definition:To become "accredited," an investor must meet certain defined criteria regarding income, net worth, professional experience, or size of the entity (if the investor is an entity rather than an individual).
Anton Tikhomirov
Binghamton NY — what’s the catch?
13 December 2024 | 7 replies
This may change over the next few years as the new campus and main drag become more established.
Armando Carrera
Should I be protecting my investments?
4 December 2024 | 4 replies
You can - 1) establish a trust for asset protection, 2) utilize the Homestead Exemption for property protection, 3) consider tenancy by the entirety for marital property (this might just be applicable to California, my home state)4) make sure you have adequate liability insurance for additional protection, 5) think about forming a business entity to shield assets, 6) and have proper estate planning for asset distribution.Seek tax and legal advice from experts in your state.
Danielle Tran
Can a tenant sell the same products as another tenant?
5 December 2024 | 6 replies
And therefore competition among tenants can create significant challenges, like...Businesses may struggle to establish a unique presence and loyal customer base, and a lack of profitability due to nearby competition will likely lead to higher tenant turnover.
Fakaradin Floyd
Advice on my STR pitch and overall Rental Arbitrage advice (Alexandria VA)
30 December 2024 | 89 replies
What they fail to realize is that if they don't have the IQ or EQ to thrive at their day jobs, they are going to be equally miserable at Real Estate.
Spencer Wayne Whitley Jr.
General Contractor looking to finance new construction
9 December 2024 | 14 replies
I also have an investment company that has been established for 10 yrs that I’ve flipped a few properties and hold land in.**** My current issue with the lender that I recently spoke with was that I had to have experience building a SFR on my own property and have sold or refinanced and held in order to be approved for the loan.