Tyler Jahnke
Morris Invest Case Study 2.0
30 December 2024 | 819 replies
Here are the psychological misjudgments that I found most applicable to Morris Invests: They are in two categories, investor traits that drove them to MI and investor traits that MI took advantage off.
Troy DeLong
Email Marketing Campaigns
6 December 2024 | 3 replies
ThenMailchimp **** me down, and two other email companies rejected my application.
Sam Chainani
Buying defaulted mortgage notes directly from banks
17 December 2024 | 42 replies
My question is can the buyer of bank notes, requrest the origenal loan package and if applicable loan modification files as part of the note purchase?
Lisa Eisenhauer
Need a bank that will set up a checking account for an LLC owned by a Roth IRA
13 December 2024 | 16 replies
So for anyone reading this, the difference between Titan (and Solera) vs. other national banks is that their application for a business checking account specifically asks if you are trying to set up an LLC checking account for an LLC owned by an IRA, and if you check "yes," then you have the opportunity to enter the IRA custodian's contact information and clearly identify that the IRA is the owner and that the manager of the account has 0% ownership interest of the LLC.
Adam Taylor
Minimum Cap Rate?
4 December 2024 | 1 reply
As you know, most residential doesn't work on cap rates, but if you are in those MF like you have then this is applicable.
Armando Carrera
Should I be protecting my investments?
4 December 2024 | 4 replies
You can - 1) establish a trust for asset protection, 2) utilize the Homestead Exemption for property protection, 3) consider tenancy by the entirety for marital property (this might just be applicable to California, my home state)4) make sure you have adequate liability insurance for additional protection, 5) think about forming a business entity to shield assets, 6) and have proper estate planning for asset distribution.Seek tax and legal advice from experts in your state.
Zachary Engen
Using heloc for brrr and renovations
5 December 2024 | 6 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
Craig Parsons
When to pay for an appraisal?
4 December 2024 | 1 reply
Something problematic they find that was undisclosed on your application (not saying you'd do this, just giving an example), title issues, entity issues, issues with the appraisal even if the value is acceptable...you can either bite the bullet and pay for the appraisal, don't move forward with the loan, or try and find a HML/PML willing to lend to you without an appraisal.
Leo R.
Is anyone listing rentals on Craigslist in 2024?
3 December 2024 | 22 replies
FB Mktpl has yielded the most quantity of inquiries, but also the most unqualified and applicants that have no idea where the units are located.
Julian Martinez
Biggest & Best House in C- Neighborhood - Sell or Keep as Rental?
7 December 2024 | 4 replies
I just received an application from someone who meets the income requirement (3x rent) but not the credit rating requirement.