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29 January 2025 | 23 replies
This is what I am encountering, in the current Mortgage Industry.If you think you will go FHA, Conventional, FHA 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.
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10 February 2025 | 16 replies
Now many will try and BRRR or rehab properties which you can force appreciation, again not another bad strategy and can lead to better returns but its more active and takes more $ to do.
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27 January 2025 | 12 replies
That’s something I’m actively exploring—whether it’s through direct-to-seller marketing, networking with local wholesalers, or even tapping into connections through my brother-in-law, who works with builders and contractors in the area.I’m not expecting slam-dunk deals or easy wins, but the numbers on a few potential projects I’ve run so far seem to work under the assumption that I’ll leave some cash in the deals.
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16 January 2025 | 1 reply
You tailor all this according to your unique needs.Real talk: How are you currently balancing your W2 and REI activities?
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14 January 2025 | 7 replies
Now, if you've already set up LLCs per property, then yes, have at least 1 checking account per LLC.For people who own their properties personally, keep personal accounts that are exclusive to RE activities so all of that activity stays separate from other personal transactions.
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14 February 2025 | 161 replies
They already "made it" via what there doing for active income.
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5 February 2025 | 205 replies
Update: I received an e-mail today from Delta updating me on the status - the Lot has been scrapped and several other activities have been completed, so it looks like the project is continuing.
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21 January 2025 | 59 replies
Say's it whatever active REI model.
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17 January 2025 | 6 replies
If they are actively buying for themselves are they really looking out for your best interests or their own?
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15 January 2025 | 13 replies
It also identifies signer names within the documents, allowing you to uncover the owners behind the ownership entities.Currently, lenders primarily utilize the platform to monitor client and bank activity, but we're exploring options to tailor the tools for investors.