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24 November 2024 | 2 replies
If a student loan is in repayment, or scheduled to begin within 12 months from the date of VA loan closing, the lender must consider the anticipated monthly obligation in the loan analysis and utilize the payment established by calculating each loan at a rate of five percent of the outstanding balance divided by 12 months.
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23 November 2024 | 0 replies
The area is a mix of established homes and updated properties, making it a prime spot for a fix-and-flip.
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26 November 2024 | 19 replies
I heard a podcast that mentioned an established vacation market in Michigan.
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18 November 2024 | 3 replies
I’m new to house flipping but have extensive experience as the owner of a successful property damage restoration company. This gives me access to a large network of skilled contractors, including plumbers, HVAC spec...
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26 November 2024 | 13 replies
I know the easy answer to this is "check with your CPA" but I'm still in the process of working to establish with a real estate specific CPA who better understands the nuances of these topics.
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11 December 2024 | 101 replies
We had been kicking around the idea of investing in an Airbnb property for a year or so, but couldn't identify a location that compelled us as a place we'd like to establish ourselves and regularly visit.
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7 December 2024 | 150 replies
This property was bought through a Vendor that does a lot of business with Note School so I will credit NS with helping us establish that connection.
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22 November 2024 | 1 reply
I’ve established a class A “team”………..
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24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
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22 November 2024 | 2 replies
NOTE: there may be some tax on interest or principal on the payments--seek professional advice.Also, stress there will be no inspections or other contingencies--sell the 'peace of mind' side of the equation.You have known each other for 12 years and you established you are a great payer.