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Results (10,000+)
Melissa Stanley Starting with a Friend (LLC?)
28 January 2025 | 6 replies
It's much easier to unwind a fee for service relationship than it is a partnership.  
Josh Ball Unique STR ideas/feedback
14 January 2025 | 18 replies
You should treat it as a luxury package rather than regular STR. 
Otis Clayton How do closing agents fund private money deals?
15 January 2025 | 15 replies
When I looked into IRA accounts, I found that it didn't do service to my situation.
Blair Ross Jr How to separate utilities?
22 January 2025 | 10 replies
It will cost a lot to redo do all the services.  
Anca R. Is a 1031 Exchange allowed in this case, and if so, is it worth the hassle?
22 January 2025 | 22 replies
When a rental is taken out of service for personal use the accumulated depreciation goes away over a short period of time. 
Kyler Tarr Knob and tube wiring
27 January 2025 | 18 replies
Under 100amp service - very difficult to insure. 
Jacob Havlovick Duplex House Hack
22 January 2025 | 8 replies
Make sure to verify any information from a party that doesn't have any advantage of you getting their services before making a decision.  
Cole Dobbs New Member Introduction
10 January 2025 | 9 replies
I'm born and raised in Houston and now work with a full service long-term rental management managing over 300 doors - all SF or MU (up to 4 unit).
Andy Wang Should I sell my note? 1.2M @ 8.5% for 4.5 yrs
27 January 2025 | 7 replies
Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option. 
Jackson Pudlo First Time Real Estate Buyer - Seeking Advice on Single Family VS Mutli Family Units
23 January 2025 | 10 replies
I have 30+ units and on a regular month usually only spend about 5 hours total on management things, most of which involves collecting rents and bookkeeping.