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7 January 2025 | 2 replies
Best Practices for Finding a PartnerWhat are the most effective ways to find a solid investment partner?
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21 January 2025 | 59 replies
I’m about to be 29 and I’m hoping this really takes effect in my life in my 40’s.
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5 January 2025 | 5 replies
Having watched many prior co-workers get paid, cash their check at the casino, and promptly deposit it all into a slot machine I can tell you with pretty good certainty that casinos don't have a positive effect on disposable income and good use of the existing income in the area surrounding :)Are there solid local employers OTHER than the casino in a 15-minute drive?
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4 January 2025 | 2 replies
What are the most effective ways to exit an investment?
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3 January 2025 | 0 replies
I would love to hear about your strategies of which you all used to effectively scale.
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26 January 2025 | 54 replies
I believe this question addresses how effective the coach is at helping his mentee achieve their goal and if this is more of a transactional experience or a transformational one.
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27 January 2025 | 56 replies
It wouldn’t go into effect until 2025 with taxes due in 2026.
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8 January 2025 | 9 replies
I’ve seen many investor clients use 1031 exchanges effectively.. just be sure to get specialized tax advice.
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4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
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12 January 2025 | 28 replies
@Wiley Hood DIY cost segregation tools like KBKG can be cost-effective for simple properties, but they lack the precision and audit defense of professional studies.