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2 January 2025 | 2 replies
So, if your property has all bills paid by the tenant, you will deduct from the voucher amount the set amount by bedroom count for items like water, electric, gas, etc.
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8 January 2025 | 8 replies
HELOCs carry higher rates than cash out refis.
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4 January 2025 | 12 replies
If the property is not cash flowing and is due to your mortgage carry, it will most likely require a cash buyer to work (or close to it).
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22 January 2025 | 203 replies
Own every nice toy, item, apparel, everything imaginable.
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31 December 2024 | 0 replies
That said, I’ve never carried out a syndication before, so I’m looking to hear from those of you who have.1) What was your experience with syndication?
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21 January 2025 | 14 replies
Please note that contrary to common belief a lender can NOT prohibit a transfer, they could only declare such transfer a item that allows them to accelerate the note.Up until now, very few notes have been “called” due when title has transferred.
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9 January 2025 | 16 replies
I then would have my tax cpa enter in or do it after discussing tax based items (depreciation- MACRS, reserves, year end accruals, reserves, etc.).
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30 December 2024 | 13 replies
Also, what others have said, the personal touches on what is in your place (e.g. providing all the essentials instead of having people buy TP, coffee, shampoo, etc.) and the quality of those items (no tattered towels, stained sheets, etc.).
13 January 2025 | 41 replies
Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal level Learn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are needed Know everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
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15 January 2025 | 49 replies
I have been using Appsheet for other items and can create something I can send the tenants.Thanks