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13 January 2025 | 30 replies
I don't think I've ever seen a broker or owner claiming that possibility wasn't there.
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19 December 2024 | 12 replies
My lender suggested moving a multi-family from my personal name to an LLC immediately post-closing via quit claim deed.
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27 December 2024 | 8 replies
When they pay out a claim, the money comes out of their pocket.
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31 December 2024 | 2 replies
Don't be swayed by the YouTube gurus claiming everyone can buy 27 properties in six months with no money down.
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29 December 2024 | 1 reply
IRS definition of a dependent.To claim a child as a dependent, the child must be under 19 or under 24 if a student.
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4 January 2025 | 9 replies
Since you're a citizen but you live and work abroad you'd still qualify mostly for second homes occupancy or investor non owner occupancy (primary is hard to claim if your job requires you to be physically next to the office as an example so an underwriter isnt going to readily believe you unless you can get HR to write you a letter to state you're remotely capable of earning this income/job duties anywhere).Hopefully that helps let me know if you have further questions into mortgage planning.
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5 January 2025 | 12 replies
I have never held a mortgage 15 years (or even 12.5 years) and I have had quite a few mortgages.I claim that it is better to have the negative cash flow and use the $450k to achieve a return in excess of the 6%.
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15 February 2025 | 77 replies
So, let's test that claim.
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9 January 2025 | 46 replies
The guy who claims he is the country's biggest wholesaler and has a "community" says in his video from yesterday Dec 31 (search #251 Wholesale Hotline | LIVE Real Estate Investing Q&A if interested in his "technique" start at 0:39:00 that the most recent transaction he did Was bailing out a guy in foreclosureGuru "bought" the house for $375,000 from the guy in foreclosureSold it back to them for $498,000 with a 6 month buy back option periodSeller had to give him $20,000 for the optionSo, guru will make about $148,000 on the transaction "Never been to the house, never had to lift a finger""No renovation, the guy is still in the house"Is this the kind of thing the new Oregon law is intended to address?
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31 December 2024 | 17 replies
It sucks for us LLs, because if the tenant is poor, LL won't go to small claims to get award, too, and then there's eventually no record.