James W.
Purchasing "subject to" protections for buyers and sellers
27 February 2018 | 27 replies
I have done a bit of searching about this on here and have not been able to find a consolidated thread on the advantages/disadvantages and protections needed for both parties in the process.The property is unique and I would plan to have it as a long term rental as it provides good cash flow and will be even better if I can add an additional unit as planned.I am looking to possibly do this on a small multi family property.
Terry Lao
is there a vacancy % factor that lenders will not lend beyond
6 March 2018 | 23 replies
With 1/3 of the place empty, though, I would be looking to consolidate, stabilize, and reposition the whole property.
William Godbe
Question about liability insurance
9 March 2018 | 5 replies
I will also mention that I have not had much success consolidating all of my properties with one insurer (they are in 3 different states).
Jordan Moorhead
$130,000 Profit from first House Hack
16 October 2021 | 57 replies
jordan, you beat me at my first year.i sold my first only rental a single wide trailer on own land feb 2017 which only paid loan earned $ 7k, profit on depreciating asset, all while living down street in foreclosure i bought earlier, zero down, since it had 2 "homes" on 15 acres i had it surveyed with new deed and subdivided the 3 acre back lot camp barns, then went credit union put debt consolidation note on camp since owned outright, no appraisal or inspection needed, cleared ratios to refinance the bigger nicer one home, used that money cash out to help me buy a 3 unit, financed fix up money, then moved into 3 unit, rented primary home, rented 2 other units, then with 3 rental units income qualified just bought 3 b1 b house to rinse and repeat now in process to refinance my fixed up 3 unit. now i just incorporated after joining bp, thats all in last 15 months. now if i can get enough cash out refi on my 3 unit im praying for good appraisals to buy reo down street to rinse rehab and repeat and im still not sure im doing it right. im still using banks or credit unions. love find investor to simplify process and reduce paperwork.i tried listing my camp on air bnb but no one wants rent off grid river front home. lol.now got hire crew and management.
Libby Baugher
Repeal of Dodd Frank
16 May 2018 | 3 replies
It has also created banks that are too big to fail and consolidated some of the banks which has resulted in the elimination of some community and smaller banks.
Mark Key
Sub Prime
30 April 2008 | 5 replies
There are alot of private lender hedgefunds bear sterns etc that have invested over the last 13 years or so in sub prime and thet dont plan on loseing as far as the banks bailing people out i just dont beleve it thats a smoke screen to make the look sincere what they do is take there down payment and home and get the next guy in and take theres to if they dont man up and pay for it its not something for nothing in this but anymore you almost have to have a degree in economics to understand it confusion is there trick of the trade every business has them theres no crystal ball that says you will have your business/job/same income for the next 30years there finacials change and credit only the strong servive there is psychology within life/money please dont get me wrong a mortgage can work for you if you understand the loan witch is 2 inches thick and only a 3 day recision period but statistics say that you will refi every 5- 10 years need a new car college tuition new born etc and many many other things happen funeral and you need to consolidate and back to 30 years again they have all or most of the angles figured out or at least the important ones what you like is your fault .
Ana Hyler
How to manage risk
21 May 2008 | 7 replies
So, subtract your monthly mortgage cost and calculate how profitable they would be.Assuming they're not losing money I'd probably consolidate for a bit, not take on any more debt (of any kind), pay down all debt, but particularly pay off the SMALLEST loan.
Beau Taylor
Mid-Sized Developer - New Software Solution
11 June 2008 | 1 reply
My boss wants the ability to do the following things:1) Have financial statements for each particular project (your normal accounting)2) Consolidated accounting (be able to look at all properties together)3) The ability to build in different capital models to the projects (multiple investors/single investor, debt/no debt)4) The ability for a singular investor (ie: my boss) to see how much cash he has in each particular project, and all projects, see how much he's actually making in each (cash) to see real returns5) The ability to possibly include rent rolls and specific information about each project with the ability to have notifications when note payments, property tax payments, etc. are due.
Jason Schmidt
Quickest way to build wealth?
16 June 2008 | 9 replies
Can all three of these threads be consolidated in to 1?