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21 January 2025 | 4 replies
A lot of rehab lenders will account previous reno expereince when it comes to terms.
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8 February 2025 | 18 replies
My suggestion to consult your accountant or tax prepared referring to points which also know as loan origination fee and interest rate how this will affect and will this be an advantage for your business?
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24 January 2025 | 12 replies
In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!
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20 January 2025 | 5 replies
Actual cost takes into account depreciation so complete destruction of a property could leave you under water in terms of the amount paid for the loss.
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22 January 2025 | 2 replies
Biggerpockets has a ton of free accountability groups which will keep you on track for your first investment and also teach you along the way!
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21 January 2025 | 10 replies
Provide a detailed accounting of deductions, along with the invoices, to show you’re acting in good faith.
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23 February 2025 | 24 replies
You can still find homes in these markets, among others, that are priced between $160k to $275k that still provide passive income, allowing your residents to pay down your mortgage, cover your other expenses and still have excess money to either save in an account for future investing or pay down your existing mortgage faster.
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31 December 2024 | 22 replies
Account Closed I have no information regarding the Due on Sale Clause.
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14 January 2025 | 8 replies
If you are able to setup a credit card identical to your accounts payable accrual account, it should operate the same.
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16 January 2025 | 5 replies
You can create an account to advertise yourself as a host or a guest (or both) and get matched with others.