Mary Jay
Fix and flip/construction loans
8 November 2024 | 3 replies
hi guys,I have saved a 20% downpayment a property but struggling to save the remaining 65K for fixing the property up.Example, the property cost 150K, I saved up 35k, but struggling to save up an additional 65K to do the rehab (my understanding the lender will not give me the rehab money right away, I have to pay my own money to start rehabbing and the lender then will reimburse me in stages the rehab portion)Correct?
Kenneth Johnson
Literally any advice to getting started would be appreciated.
18 November 2024 | 12 replies
Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.
Gio Kattan
PLEASE HELP! - Creative Subjecto Insurance
13 November 2024 | 2 replies
I’d appreciate your insights on a complex insurance setup for my recent property purchase.My Setup:• Property purchased in FL under a Trust• Trust is owned by an LLC in FL• Holding company LLC in WY owns the FL LLCSituation:I acquired the property through a subject-to (sub-to) deal, taking over the seller’s mortgage, and I’m arranging insurance coverage.My attorney suggests I:1.
Cody Weiss
Blockchain & Real Estate
15 November 2024 | 25 replies
For Canadians seeking to tap into the market in the States, the way the LLC is arranged creates a challenging tax environment and basically leaves you limited return.
April Birdsong
Replace new carpet in Bedrooms for hardwood?
15 November 2024 | 16 replies
I intend to change to hard flooring when I can arrange to be there for a lengthy time in the off season, because I live long distance.
Tarcizio Goncalves
Stessa vs the competition
15 November 2024 | 5 replies
At this stage I felt saving time is more important than saving money, without hiring a bookkeeper.
Christopher Brooks Dodd
Any suggestions would be greatly appreciated
13 November 2024 | 4 replies
At this stage, I’m planning to rely on the lender’s appraisal, though I’m concerned it may come in just above the asking price rather than capturing the property’s full potential.Has anyone encountered a similar situation?
Clinton Bolton
Kris Krohn partnership
14 November 2024 | 24 replies
.: @Clinton BoltonI'm a beginning investor (3 properties) and reached that analysis paralysis stage of where should I buy and what (turnkey or a property that needs work).
Jesse Jones-Smith
Advice on keeping expensive house as rental and downsizing
16 November 2024 | 12 replies
Given your stage of life, this could be challenging but worthwhile if you’re confident in handling the stretch.Sell, and reinvest in cash-flow rentals: Using part of the equity to generate cash flow with out-of-state rentals could create a retirement income stream now while still capturing SoCal appreciation.
Kyle Deboer
What are some things you wish you did before you started in real estate
12 November 2024 | 5 replies
Are there things you wish you did during the stage of your life that I am?