Valerie Bowman
Blanket/Portfolio Loans and buying an 8 unit with a single family next door
20 November 2024 | 13 replies
But the fact remains that you would be paying for 3 loans essentially.
David Griffin
Section 8 tenant
16 November 2024 | 9 replies
Even though I filed eviction paperwork 45 days before the eviction moratorium, the judge just scheduled repeated hearings - often for no apparent reason.
Steven Greenwalt
Gator Lending? Why? 🐊
20 November 2024 | 31 replies
Just like any real estate investing, there is always risks but we are well trained in the community on how to ensure we are protected (including the right paperwork).
Corey Block
Physically moving a house
15 November 2024 | 6 replies
South East Texas should have a few experienced crews, so ask around locally or check reviews.One tip: make sure to prepare the new lot properly—things like leveling the ground and checking utility hookups are essential before the move.
Nevin Wilkie
Refinanced my first BRRRR but bank will not let me put it into an LLC
13 November 2024 | 18 replies
They offer LLC financing with you as the PG.In theory, you can file the paperwork with an attorney) with the county and move it into your LLC.
Melanie Baldridge
Understanding your depreciable basis:
13 November 2024 | 2 replies
Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.
Ryan Yu
1031 and BRRRR
13 November 2024 | 7 replies
@Ryan YuWhen you refinance a property, you’re essentially taking a loan against the equity in that property.
Chris Kittle
Questions to ask on an 8-plex
17 November 2024 | 33 replies
Quote from @Chris Kittle: Quote from @Trevor Finn: Hi @Chris Kittle,Your list covers the essentials!
Michael Williams
Mortgage Note Syndicator Not Communicating
23 November 2024 | 26 replies
How the subscription agreement or paperwork you signed to do the deal would play a role in what you can and cannot do.