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29 January 2025 | 9 replies
It actually went to auction initially on the 8th but no bidders except the starting bid which I believe was the bank.
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26 January 2025 | 3 replies
You would want to look for an owner that has a loan through a bank or credit union or one that has no mortgage.
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22 January 2025 | 2 replies
Quote from @Stacy Banks: Hello I wanted to know what does it cost to do foundation & framing for a 1,500sq ft house being built in Lehigh Acres Florida.
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20 January 2025 | 5 replies
Give me a shout if you have questions, but here's the short of it.Best financing is going to be from a bank or a conventional construction loan.
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16 January 2025 | 6 replies
Banks like proof the funds were in a bank well before closing.
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4 February 2025 | 41 replies
Here are a few stats which should raise an eyebrow about Detroit $1 billion invested in more than 4,600 units of affordable housing over the past five years Job growth with more than 25,000 more Detroiters employed since 2014 A return to investment grade bond status for the first time since 2009Reductions in crime beating national trends, including the fewest homicides in 57 years Successfully hosting the largest ever NFL Draft at 775,000 people over three days In terms of starting out in Real Estate it also makes sense to invest in Detroit considering that the entry costs are low and if you plan to buy and hold, Section 8 makes for a great partner to insure steady rent payments.
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2 February 2025 | 7 replies
Open a dedicated business bank account to separate personal and business finances, ensuring compliance and transparency.
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31 December 2024 | 18 replies
During the entirety of 2021, I hosted monthly meetups in Fairview Heights, IL (just outsde of Belleville) that brought in real estate investors from the metro east.
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21 January 2025 | 0 replies
Instead of their cash sitting in a savings account, they decided it would be a better investment to earn 3% on their money instead of .03% in the bank.
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5 February 2025 | 5 replies
So your super basic P&L may look like: $30,000 Rents-$3,000 insurance expense -$9,000 interest-$3,000 taxes-$8,000 operating expenses-$14,000 depreciation ----------------$7,000 loss on paper for the year so negative taxable income But remember- $14k of that (depreciation) was something we didn't actually spend money on- so cash in bank at year end would be $7,000.