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11 January 2025 | 1 reply
They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.
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11 January 2025 | 9 replies
My vote is if you are going to continue to buy, you need to utilize leverage.
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24 February 2025 | 72 replies
I have made the commitment to change industries into construction from utility engineering this year.
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15 February 2025 | 77 replies
The bottom line is that there is a very small positive financial gain resulting from utilizing this method.
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10 January 2025 | 28 replies
Just a follow up question, were you utilizing debt to invest, I have always been taught since a young age to try and not utilize debt (I come from a family of stock market investors, traditional business owners) where debt is not utilized as frequently which I obviously understand debt can be a very powerful tool and utilized in a great way its just something I want to avoid with my investments to an extent any suggestions for investing without debt or as little as possible.
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13 January 2025 | 5 replies
Unlike conventional loans that typically require a 12 month seasoning period, DSCR loans have no such requirement, making it much easier for investors to scale their portfolios.I’ve included an article below that outlines how DSCR loans can be utilized in BRRRR strategies.Also, I noticed you’re based in Florida, I’m in Tampa.
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21 January 2025 | 31 replies
It took a little bit for me to understand how to best utilize them team since there are a few different people on your team.
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8 January 2025 | 6 replies
Right now the only utility at the garage is power so basically I am starting with a frame and a roof.
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12 January 2025 | 7 replies
We have a few parks and we utilize both options.
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13 January 2025 | 6 replies
This protects against potential claims and liabilities specific to the rental.For tax purposes, maintain clear records of rental-related income and expenses, allowing deductions for insurance, utilities, maintenance, and depreciation proportionate to the rental unit.