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3 February 2025 | 15 replies
If you don't have the extra cash, can you get creative with a private lender or partner stacked on bank debt?
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12 February 2025 | 12 replies
My investments were all what they termed private placement and was essentially funds used for lending, buying notes and recently land trust.After MIdland sprun this on us, my spouse also has accounts, I did some research but didn't see a purpose to remove our accounts at the time.I have not been with ET long enough to give comment on them and what little "issues" occured were technical.
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8 February 2025 | 8 replies
Now he has sold the company and is more of a flat rate charge based loosely on how long it takes him to prepare the return.
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2 February 2025 | 10 replies
THAT is why the federal government gave out tax credits for people to develop solar systems--commercial and private.
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20 February 2025 | 8 replies
Private lenders or even creating a small syndicate with a group of investors might also be worth exploring, especially since you can point to your uncle’s track record and your own experience managing rentals as a selling point.If timing is tight, you could look into a bridge loan to secure the property while figuring out a more permanent solution.
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19 February 2025 | 4 replies
I rented some after they were updated and sold some.
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6 February 2025 | 10 replies
If you spend the entire $300k restoring the property, then here is the end result:- deductible casualty loss of $50k- no current tax- the restored property has $0 basis and cannot be depreciated- when it is later sold, the entire sale price is taxableMechanics and reporting are tricky, and I would not recommend to DIY it, especially since my scenario is over-simplified, and your real scenario is likely to involve more gotchas.Thanks so much.
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11 February 2025 | 20 replies
Some of the other lenders mentioned in this thread are more so private lenders / hard money lenders and while they may underwrite based on DSCR, I don't think it is the DSCR loan you are looking for.
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16 January 2025 | 5 replies
I have deals needing funding and want to ensure I'm structuring them in a way that's competitive and appealing to private lenders.
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20 January 2025 | 19 replies
--------------------------------------I don't think it prevents you as an owner from initiating the action.Personally, I wouldn't have any moratoriums on private transactions.