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27 January 2025 | 6 replies
The $380K insurance payout is typically not taxable if used to restore the property.
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28 January 2025 | 6 replies
Typically, the investors I work with purchase properties in their personal names and then quit-claim the title into their LLC after the deed has been recorded.Markets like OKC, Memphis, and Little Rock offer some excellent, affordable growth opportunities, and I’d be happy to chat with you to explore these options further.
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29 January 2025 | 19 replies
I am not a lender, I'm an investor that typically buys major city-center multifamily.
29 January 2025 | 20 replies
That will typically generate a response from the PM to negotiate a settlement and avoid an investigation.
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5 February 2025 | 16 replies
Legal Protection – It's important to have a solid contract in place, typically a promissory note and a security agreement that outlines the loan terms, interest rates, repayment schedules, and collateral (often the property being financed).
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19 January 2025 | 8 replies
So, you are "earning" 5.16%/yr on your $73k investment, or have an 18 yr payback.
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21 January 2025 | 2 replies
Picking up flexible part-time jobs to qualify for a mortgage is definitely a smart move, as conventional lenders typically look for consistent W2 income.
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30 January 2025 | 8 replies
Typically when people graduate they look for a job and move to the area of the job.
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22 January 2025 | 0 replies
Here’s how to find a broker you can trust:Ask for Referrals: Reach out to fellow investors or real estate agents for recommendations.Check Credentials: Look for brokers who are licensed and members of professional organizations, such as the National Association of Mortgage Brokers (NAMB).Review Their Track Record: Ask about their experience with real estate investment loans and request client testimonials.Interview Multiple Brokers: Prepare questions about their lender network, fees, and typical loan turnaround times.Evaluate Their Communication: Choose someone who listens to your needs and provides clear, honest advice.4.
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19 January 2025 | 1 reply
These deals typically require larger cash outlays (50k-100k) per deal minimums.