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28 January 2025 | 3 replies
The hardest part is taking that first step, and you’ve already done it—now it’s all about being a sponge and jumping in when the opportunity feels right.I am happy to answer any questions you may have.
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27 January 2025 | 6 replies
One more thing I should address: Installing cameras inside of a residence with other tenants can be a HUGE legal violation.
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3 February 2025 | 3 replies
If need be, I can/will go down the legal path again, but I would like to avoid it as I want this property flipped ASAP.
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8 February 2025 | 49 replies
Quote from @Jay Hinrichs: Quote from @James Hamling: Quote from @Jay Hinrichs: Quote from @James Hamling: Quote from @Jay Hinrichs: one way i know to replace 350k a year with 750k is to build new construction and sell it.we pretty much double our money COC with new builds within 12 months.So you pay cash for the lot get a construction loan and the hard part is going to be a GC you know and trust.. sell the house double your cash on cash or better.. pay your tax and keep going.Or invest with a developer and do value add by creating building lots those are easy to 2X or better more risk though.
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30 January 2025 | 3 replies
@Asher M.Possible, yes but like your lender pointed out it's going to be difficult to pass the self-sufficiency test (SST) for a legal 3-4 unit property.
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31 January 2025 | 1 reply
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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5 February 2025 | 14 replies
The fact other properties have chewed up sidewalk isn't a sound legal argument either.
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1 February 2025 | 15 replies
The absence of a personal guarantee from any disqualified persons is still required, just as with third-party financing.
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15 January 2025 | 7 replies
So, to try to go a legal route because they might have fixed something a little over the limit isn't going to work.You will have to face that you selected someone that was not the right fit and be more hands on.