Sarp Ka
Cheapest way to make a cash offer???
22 January 2025 | 14 replies
Lenders desperately need/want business especially in this interest rate environment (right now, the main source of mortgage loan business in Florida is rehab financing as a result of the hurricane damages) and one way the big players differentiate themselves is by streamlining the process.
Ken M.
Creative Financing and Some Things To Know
13 January 2025 | 1 reply
You can learn these things over time.Take note, Due on sale clause isn't even one of the main concerns.
Tyler Sweet
Cryptocurrency and Real Estate
16 January 2025 | 6 replies
Why, because of the main stable coins, it is the only one on of the largest exchanges, Binance, will NOT do a 1:1.So, you're best bets would be those like USDC, TUSD, GUSD, BUSD.
Jerry Zigounakis
LLC or sCorp for investment properties
21 January 2025 | 7 replies
Two main reasons being: (1) debt does not increase your basis in an S Corp, which means your losses get limited.
ZZ Song
Any experience with Prime Corporate Services?
20 January 2025 | 31 replies
Guys - I was just quoted $5000 for the Trust package (Trust, Will, Living Will, and Power of Attorney), plus $1660 per LLC, which includes one holding company in WY and however many other LLC’s you want to start.
John Marchefka
Rehabbing land INSTEAD of houses??
10 January 2025 | 13 replies
There's more low-hanging fruit here than I'll ever need, but hitting the ground running to pick it before land prices start reflecting the new higher values requires more capital than I have and I don't do debt.There are two main companies in the US who do the work of creating and selling eco-mitigation credits on a joint venture basis, separated by the Mississippi river.
Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
Chase Calhoun
Build to Rent- BTR
26 January 2025 | 15 replies
@Chase Calhoun mainly we work with local builders but we have also purchased from the regional builders as well.
John Williams
Private Money Lending Gone Bad
16 January 2025 | 15 replies
It is not uncommon - main reason we see right now is over inflated original ARVs and now borrowers cannot sell and pay off the lender.
Danae Pitcher
2025 - Where We Are Going & Where We Have Been
2 January 2025 | 7 replies
More big name companies will join the STR industry and hosts who are not exceeding expectation will be weeded out by their money power.