Duncan Forbes
Would like Suggestions on Foreclosure Buying
11 January 2025 | 31 replies
There is no chance home owner can mediate, apply for loan modification (which is a predatory disaster in itself) , reinstate or retain the home two days before auction, when they have zero funds and ability to do it.
Ali Mol
Question about Treating the Credit in a Lease-to-Own Agreement
9 December 2024 | 1 reply
At closing, the accumulated credit is applied to reduce the purchase price, eliminating the liability.
Michael Plaks
DEBUNKED: EOY tax planning "tips and loopholes"
23 December 2024 | 12 replies
To apply cost segregation to your 2021 taxes, you need to do it at any time before you file your taxes, not before the New Year's champagne toast.Home office.
Sufyan Minhas
Buy condo or apartment for primary residence
13 December 2024 | 4 replies
If you find a sublet-friendly co-op and it requires an "All-Cash buyer", there could be a good reason.The points you mentioned regarding co-ops are valid but do not apply to all co-op boards across this market.
Jonathan Greene
Why You Need a "Deal Killer" In Your Life as a New Investor
2 January 2025 | 37 replies
They can't see what's not obvious.Keep it simple is some of the best life advice and definitely applies to someone's first deal.
Keira Hamilton
What I Learned from Owning and Selling a Laundromat – Exploring a Different Asset Cla
6 January 2025 | 31 replies
SBA loans can also be used to acquire laundromats, but it can be tough for a few reasons, some of which apply to smaller size businesses in general.1) Cash nature of the business - This is changing over time as more mats are gaining card systems, but there are still mats out there that only take cash.
Tekoa Glover
Am I entitled to a denial letter
13 December 2024 | 6 replies
Nope that does not apply to business purpose financing.
Connor Williams
Lender to offer low financing for new construction builds?
12 December 2024 | 6 replies
The loan programs of your buyers will dictate how much of a credit you are allowed to apply to their closing but it certainly helps to move inventory when you offer an incentive.
Joy McQueary
Multifamily // Cash Flow & Appreciating Markets
13 December 2024 | 13 replies
@Joy McQuearyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Richard Gann
3 Factors to Consider in Exchanging Your Oregon Rental Property
16 December 2024 | 1 reply
If your rental property is occupied, there are different rules that apply for selling to an investor versus selling to a buyer who intends to occupy the property.