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17 February 2025 | 7 replies
DC Investment Property:First read your bylaws and see if there are rental restrictions.Note, in DC you need to apply for and have a business license to rent property.
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12 February 2025 | 4 replies
Ultimately, you will need to have the borrowed funds in USD and ideally in your US business entity bank account to sail through underwriting with US lenders on US properties.Caveat: the rates will likely be something like 10-12% so it would not make sense on a long-term holding, more like on a down payment on a purchase and rehab value-add project that you will eventually sell (or cash-out refinance) to pay off the borrowed funds in a few months.
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17 February 2025 | 11 replies
The short term rental business has been fine, up until this month where I saw the lowest bookings since opening.
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20 February 2025 | 5 replies
4️⃣ Unverifiable Business – No website, no reviews, and only a generic Gmail/Yahoo email?
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6 February 2025 | 2 replies
Real estate loans to owner occupied properties where the business of the owner is closed down - or SHOULD be, and the owner needs some time to sell the property.
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4 February 2025 | 13 replies
Would that lower our tax liability from other income we receive or no because this is purely RE and not an operating business?
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19 February 2025 | 4 replies
and also like what I do Utilize as STRs: You furnish and list these properties as short-term rentals (STRs) on platforms like Booking.com or Airbnb.Generate Cash Flow: The higher rental income from STRs, compared to long-term rentals, allows you to cover your mortgage/lease payments, generate positive cash flow, and potentially have funds left over for further investments.Positive Cash Flow: STRs often generate higher rental income than long-term rentals, allowing you to cover your costs and potentially profit.Tax Advantages: You can often deduct expenses related to your STR business, such as mortgage interest, property taxes, and maintenance costs.
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2 February 2025 | 5 replies
In return for excellent service I'll be offering repeat business and I'll happily provide referrals to my existing investor network for those top performers.
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16 February 2025 | 28 replies
In the last 2 months I was receiving a lot of deals in my email account and I received a "great deal" from a small wholesaler; 2 hours later the same property address showed up in an email from one of the "big wholesale companies" 10k dollars more expensive... the property was gone even before I could call the small wholesaler.I believe both are useful and all of us need to make a living, so I understand their role in this business.
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9 February 2025 | 3 replies
.- why would an owner want to do business with someone NOT properly licensed?