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13 February 2025 | 16 replies
As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.
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21 January 2025 | 8 replies
@Brett Coultas if you're a newbie, you want to be careful of an "investor friendly" agent selling you something they truly don't understand:(95+% of agents only know how to handle owner-occupied transactions - you can verify this by asking them calculate ROI for you or Cash-On-Cash!
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20 February 2025 | 0 replies
The seller was interested, but I got busy and didn’t follow up fast enough.
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17 February 2025 | 1 reply
As of Friday morning, FinCEN has confirmed that businesses are NOT required to file BOI reports while a court injunction remains in place.
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21 February 2025 | 250 replies
That's smart business, right?
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11 February 2025 | 2 replies
Also, it can avoid filing an amendment.Another great point on eligibility- SEP IRAs require net self-employment income from activities like 1099 contract work, real estate sales, wholesaling, or other self-employment business income.Passive income as you have highlighted, does not qualify.
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24 January 2025 | 2 replies
In Texas, as a licensed agent, you’re generally required to use TREC-approved forms for real estate transactions unless an exception applies, like (I believe) leases longer than 1 year or where no TREC form exists.
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12 February 2025 | 5 replies
I used the proceeds to start my business.
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12 February 2025 | 11 replies
I don’t see anything wrong with endorsing a business that is great at what it does.
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27 January 2025 | 7 replies
However, you have to be extremely careful financing 100% of the transaction as you still need reserves, closing costs, etc. and make sure it cash flows.You didn't mention if this would be a rental or owner occupied.