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Results (10,000+)
Javier Molina Mildly complex structuring for multiple properties. (LLC, Trusts, Multi-state)
12 December 2024 | 12 replies
Because I agree I want to keep annual costs down.If a WY LLC buys a property all cash there is no public record with your name on it, the manager/member remain private. 
Drew Giltner Help me analyze this deal
5 December 2024 | 4 replies
It's crucial to evaluate how the deal performs with the new mortgage:Updated Financials After Refinancing: Market Value: $459,000 Mortgage Amount (80% LTV): $367,200 Equity: $91,800 Interest Rate: 5% (30-Year Amortization) Assuming after 12months the rate will drop to 5%Monthly Expenses: Mortgage Payment (5% Interest): $1,971 (Now you are paying interest and principals) Property Tax: $260 (assuming has been increased with a 4% from last year) Utilities: $361 Insurance: $104 (+4% Adjustment) Vacancy: $166 (now after 12 months we can assume we have some vacancy at 5% factor on annual rent) Repairs & Maintenance: $166 (now after 12 months we can assume we have repairs at 5% factor on annual rent) Total Monthly Expenses: $3,028Rent Income after 12 months assuming annual rent increase at 5% : $3,323Cash Flow: $295$ per month 😊Long-Term Gains: $5,418 Principal Paydown year 2 (this will increase each as you pay off your mortgage $36,720 Property Appreciation (assuming 8% per year) $3,540 Cash Flow (this will increase as rents rise)Total Annual Return on Investment: $45,678 with just $ $22,789 remaining in the deal.
Terri Absher Invitation to join Class Action Lawsuit STOA/FlipOS/Farraway SG
1 December 2024 | 9 replies
Originally when they were known as FlipOS, they would split up the interest payments,so I would pay the remaining amount for the month the house was purchased and then the remaining balance on the sale of the home to them.  
Francisco Pineiro Contractor Payout Out of State
3 December 2024 | 6 replies
@Francisco Pineiro To protect yourself when working with contractors:1.Start with a Clear Scope of Work (SOW): Ensure every detail of the project is outlined in writing, including materials, timelines, and deliverables.2.Use Milestone Payments: For a $40K rehab, consider this structure: 10% upfront, 30% at halfway completion, 30% at 75%, and the remaining 30% upon full completion.
Hannah Joy When to refinance?
5 December 2024 | 7 replies
This way, you'll have access to liquidity without the headache of managing separate loans and fees.Predicted Refi Rates: While no one can predict rates with absolute certainty, the general consensus is that rates may stay lower or remain stable in the short term, barring any economic shifts.
Roy Lam Shared Garage for Storage
2 December 2024 | 5 replies
So on the rental agreement, I had wrote its a two bedroo0m house ,then on a separate agreement, I wrote one bedroom for the remaining portion  of the rent. 
Alec Nault STR Property Partners - Property Management Group
9 December 2024 | 15 replies
Your decision and actions here to leave a false review and then delete your account to remain anonymous reiterates your character.
Rick S. Capella Mortgage hard money lender in LV
6 December 2024 | 8 replies
After that I moved to Colorado to manage the investment and I started purchasing shares and eventually paid off the remaining investors at 100% of their investment. 
Michael Anderson Do we need to update existing leaseto an LLC if we move rental property to an LLC?
1 December 2024 | 9 replies
Effective December 1, 2024, ownership of the property has been transferred from Michael Anderson to Electric Sage Brush, a limited liability company.All terms and conditions of this lease agreement remain in full effect, and all payments, notices, and correspondence should henceforth be directed to Electric Sage Brush LLC at the following address:2001 Space Odyssey Dr, Cody, WY 82414This change in ownership does not affect the tenant’s rights or obligations under the lease agreement.All parties sign to confirm the change.
Collin Hays A refresher on what to look for when buying in the Smokies
7 December 2024 | 14 replies
I agree with Collin in that prices dipped, but overall the market is remaining strong.