Zachary Engen
Using heloc for brrr and renovations
5 December 2024 | 6 replies
If you would like to get more than the cash you paid for the property and use the new appraised value, the shortest period I've seen is 3 months of waiting period between when you closed on your last loan or transaction to when you close on your next loan / transaction.More on DSCR loans in case helpful: DSCR loans won't use your income to underwrite the loan.
Bryan Cavellier
Is it possible to 1031 Exchange in Different States?
5 December 2024 | 10 replies
A 1031 Exchange is a real estate transaction that takes advantage of a Federal tax law, so the state you do it in is of no consequence.
Ben Whittington
Private Lenders - How Much Do You Pay for Loan Documents
5 December 2024 | 12 replies
Hourly rates can range from $150 to $500 per hour, depending on the lawyer’s experience and the complexity of the documents.In New Jersey/Delaware Valley, the rates can be on the higher end due to the higher cost of legal services in these areas, with some attorneys charging upwards of $300 to $500 per hour.In areas with a lower cost of living, such as rural locations or states with a lower overall legal rate, the costs can be lower.It’s best to shop around and get quotes from a few attorneys familiar with private lending and real estate transactions.
Benjamin J Thompson
AI Analysis Tools? Which is best and why? Anyone using any of these and why?
5 December 2024 | 11 replies
I'd say forget the AI buzzword hype and go back to programming something useful based on real transaction-level data like below (that can help you with any deal you find, from whatever source you have).Sales Comps & ARV estimate:Market Stats:AI won't be able to provide you anything close to this, nor does the RedFin/Zillow market data drill down into the market as deep as I do here.Additionally, if you understand how the leading LLM's work based on a black-box floating point matrix, you just can't trust their conclusions like you can with your own program.
Luca Perinuzzi
How to find brokerages that work with investors
30 November 2024 | 10 replies
They aren't too concerned with the type of transaction (traditional homebuyer/seller or investment).
Matthew Rensel
Having a Quad built - Advice needed!
3 December 2024 | 14 replies
The builder suggested a local bank that they use and would like to see them succeed and referred me to the commercial lending department.
Michael Perreira
Mid-Term rental companies
1 December 2024 | 5 replies
Depending on how you reach out, using another operator's list can feel transactional to the contact.
Reginald Glascoe
Questions About Evictions in Anne Arundel County
30 November 2024 | 5 replies
The occupants agreed but unfortunately on the date the transaction was supposed to happen, the occupants went ghost on me.
Sam Rogers
Anyone use a Deferred Sales Trust?
28 November 2024 | 9 replies
., constructive receipt doctrine, effective control over nominal 3rd party relationships, lack of genuine risk bearing and compliance with transactional terms, etc.).
Dan Zambrano
My Journey to $20M in assets
7 December 2024 | 60 replies
I am not quite in that boat of disposable income that I could stomach losing, but I have determined a reasonable strategy of maybe going in 1k at a time on a 3-6 month journey to 10x 5 to 10 transactions.