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16 November 2024 | 21 replies
Meeting the requirements one year doesn’t guarantee qualification in future years, especially if your level of involvement changes.
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9 November 2024 | 17 replies
Is it debt way above the 5-6% you can get guaranteed from the bank?
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13 November 2024 | 18 replies
You might also consider forming an LLC to manage the property-related business activities while holding the property in your name to stay within your lender’s requirements.Explore safer rental strategies: If you’re open to short-term rentals, Airbnb’s Host Guarantee provides additional liability coverage, which may offer peace of mind while keeping the property in your name.
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9 November 2024 | 10 replies
Every local bank does dscr loans, 20yr term, with 3 or 5 yr rate reset, you might be able to get 25yr term but all will require personal guarantee to start and 3 yr historical financials.
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12 November 2024 | 17 replies
However, appreciation is never guaranteed, so you’d need to consider how much risk you’re comfortable taking.Pros:Potential to cash in on appreciation in the future.Flexibility between STR and LTR depending on market conditions.Cons:Requires holding costs and maintenance during the interim.No guarantees of appreciation.4.
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14 November 2024 | 12 replies
This might be a long shot, but open communication can sometimes lead to unexpected solutions.While these steps may not guarantee a resolution, they could help you find a path that avoids foreclosure and allows you to relocate your family.
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11 November 2024 | 8 replies
Without it, there's no guaranteed legal status, which could lead to being forced to leave the U.S. and potentially manage property from abroad—a complex and often costly endeavor.Real Estate Ownership and Rentals as a Non-Resident: If you do decide to purchase property and then move abroad, you can keep it as an investment, but it requires navigating tax regulations specific to non-resident foreign property owners.
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8 November 2024 | 2 replies
But... you made so many mistakes:(1) No Personal Guarantee: try getting a loan of credit card for an LLC.
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9 November 2024 | 21 replies
Looking for some understanding about because of my planned exit strategy.I have some questions about: 1> Cash Out Refi LTV: Single assets versus multiple properties2> Terms and best practices:3> Utilizing a Realtor4> Personal Guarantees: Stabilized/ Performing vs Personal creditSet up:Utilizing non amortized seller financing to acquire the property @ 35000/60 months.Rehab Estimates are not in in yet the property.
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8 November 2024 | 12 replies
A numbers game implies you will eventually get success guaranteed.The fact of the matter is unless you target every single person in the USA, AND there is a guarantee that at least one person is motivated, AND there is a guarantee they get no other mailers, or temptation from competitors and they pick you...