Kevin Phu
VA loan exit strategy
30 August 2018 | 6 replies
.- no title seasoning on cash out refinances unlike FHA which has 12 months of title seasoning after purchase before you can use market value value or conventional which requires 6 months after acquisition (this applies to CO refinances where you used financing initially to purchase not DFE or delayed financing exception which is an all cash purchase and there is no lien/deed recorded on the property at the time of close), This becomes very handy for creative RE entrepreneur once you learn how to force equity through adding value to properties you can use VA's no title seasoning advantage to increase the speed at which you move from deal to deal quicker than Conv/FHA- no self sufficiency rule when owner occupying 3-4 unit properties which FHA has (a rule that makes buying 3-4 unit FHA properties in high cost areas nearly impossible) so this a huge plus- use of rental income or other peoples income (OPI) to help you qualify on your 2-4 unit VA purchase (FHA and Conv does allow this too)There's a lot more you can do to optimize your mortgage planning from an investors perspective.With the introduction of the 2018 Tax Cuts, you can structure your taxes strategically to not only greatly reduce the tax impact but also remain bankable to most money sources.
Delonte Wall
Buying an apartment building from a tax sale. Good idea or no?
28 August 2018 | 3 replies
Hi I am an young an eager entrepreneur and looking to buy an apartment building in an tax sale .
Skyler Mckinney
My challenge to every Bigger Pockets member!
29 August 2018 | 1 reply
If this works for Grant Cardone and every other wealthy entrepreneur then It will work for you.
Kareem Thomas
wholesaling, cash buyers, investors
17 April 2019 | 6 replies
I also own a senior citizen concierge business so I’m an entrepreneur all the way through and through!
Joshua Kerner
buying 3 lots with homes and subsiquently developing an apartment
17 April 2019 | 2 replies
This is an entrepreneur's game of cart before the horse and horse before the cart at once--place property under contract not knowing if the deal will happen and spending at-risk soft cost dollars.
Adam Merrill
Withdraw money from IRA for down payment to start REI?
8 May 2019 | 8 replies
If you're a young person who is 100% dedicated to being a real estate entrepreneur, pulling the money out could be decent seed capital for starting your investment business.If you're a bit older and just looking to grow your net worth, doing a self directed account and not taking the massive hit probably makes more sense.
Matthew McNeil
What’s the poorest you’ve ever been?
17 April 2019 | 2 replies
Entrepreneurs sometimes lose everything but they know how to get investors, how to start a business, etc.
Account Closed
"How To Decrease Up Front Costs In Your Airbnb Business"
13 May 2019 | 35 replies
I used to think that the pro's just threw their money at everything but I've found through mentors and my own success that resourcefulness is what successful entrepreneurs and investors use to become successful.
Yanick Gomez
Looking to connect (Charlotte and surrounding areas)
23 April 2019 | 5 replies
I am a Mechanical engineer by education but an investor/entrepreneur by choice.
Mathew Di Salvo
Wholesale Real Estate In Canada: Flipping Contracts
23 April 2019 | 0 replies
Hey everyone, I am a 20 year old entrepreneur who wants to get into wholesale real estate.