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28 January 2025 | 4 replies
I am starting to realize there has been a significant amount of consolidation in the space by private equity and other institutional investors. 3) From research it also seems like getting financing can be difficult without prior experience in the space.
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24 January 2025 | 8 replies
Quote from @Victor Yang: If I gift a house, what amount will go towards the lifetime gift limit, the amount i purchased the house for, or the current FMV?
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1 February 2025 | 30 replies
The best deal I can find today is one that you buy cash, invest a rehab and when you pull out 75% of your ARV you leave maybe a small amount of money in the deal and you break even (BEFORE DISCOUNTING FOR VACANCY, REPAIRS, etc) Yes that means you leave like 10-25k in the deal and your payment becomes $3000/m and your rent is $3000 a month or slightly less.This is for my local market and for Class B or higher RE.
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28 January 2025 | 0 replies
If sold for the amount I want I will have 30k to 40k at the end.
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11 February 2025 | 5 replies
You can put in language for an extension for a certain payment amount.
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11 February 2025 | 4 replies
You'll have to ditch the seller financing and have skin in the game.Freddie also requires that borrowers meet minimum financial strength requirements (IE - liquid assets equal to 9 month's P&I [bare minimum], net worth greater than or equal to loan amount [bare minimum], FICO>=680).
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17 February 2025 | 10 replies
I had a fair amount of people (between 5 and 10) express some interest.
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29 January 2025 | 6 replies
Quote from @Gregory Wilson: Speaking of IRS budget to audit returns, what that means is that IRS allocates a certain amount of manpower to do the audits.
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17 February 2025 | 6 replies
It costs the same amount to replace a roof or furnace whether the house is worth $300k or $30k (assuming a similar size).
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28 January 2025 | 5 replies
For me - my two cents are no amount of innovation can replace sound underwriting and valuation practices.Curious to others thoughtsI have nothing to say that you haven’t already most eloquently stated.