Brandon Morgan
is an LLC necessary?
21 January 2025 | 31 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
Vanessa Pierson
Advice - Long Term Rental in Tough HOA or Sell
22 January 2025 | 3 replies
True, but (a) they were typically experienced investors, and (b) today's market includes record prices and high mortgage rates, which is a double whammy.
Bill Goodland
Favorite Tools for Building Distressed Owners Lists
15 January 2025 | 13 replies
At a high level, the system ingests raw documents from the recorder's offices, building permits, zoning permits, market data, and other auxiliary datasets.
Liz Valtos
Neophyit seeks help
21 January 2025 | 4 replies
If you're unfamiliar with the concept of house hacking, read "The House Hacking Strategy" by Craig Curelop for a better understanding.If you're referring to working with a private lender, raising capital without prior investment experience or a track record will be difficult.
Camilo Diaz
Has anyone dealt with Suncrest Capital Group?
20 January 2025 | 9 replies
When in Doubt for Florida, look them up on Sunbiz.org, search by Company name, then cross reference with owner name.You go deeper and check Civil Records for Lawsuits.
Jonathan Glumac
Disclosing Sales Agent and Brokerage to MF Development Employer
20 January 2025 | 3 replies
Your license is part of the public record, so sooner or later, your employer will find out if you're licensed.
Jack Townsend
One Brokerage BRRRR Loans
6 January 2025 | 7 replies
DSCR Loans - Both Purchase and Cash Out Loans- Investors typically use these on the cash out portion of the BRRRR Strategy - Minimum Downpayment, usually 20% but some lenders offer 15% down - Max LTV on Refinances, typically 75%, but some lenders will do 80% - Minimum Title seasoning (since the property was purchased and recorded on county records) is 90 days, although some lenders have no seasoning at all as long as you can show rehab work completed. - 30 year fixed terms - Usually have a Prepayment Penalty from 1-5 years, although you can price out a 0 PPP for a higher rate or fee- Minimum Credit score is 650 usually, although you could do a lower LTV loan at 620.
Anderson S.
Breaking Through Financing Hurdles with Expert Mortgage Brokers
22 January 2025 | 0 replies
Here’s how to find a broker you can trust:Ask for Referrals: Reach out to fellow investors or real estate agents for recommendations.Check Credentials: Look for brokers who are licensed and members of professional organizations, such as the National Association of Mortgage Brokers (NAMB).Review Their Track Record: Ask about their experience with real estate investment loans and request client testimonials.Interview Multiple Brokers: Prepare questions about their lender network, fees, and typical loan turnaround times.Evaluate Their Communication: Choose someone who listens to your needs and provides clear, honest advice.4.
Anderson S.
Stay Ahead of the Curve: Navigating Rental Market Regulations
22 January 2025 | 0 replies
Here are some key elements to include:Lease Agreements: Ensure your contracts reflect the latest laws, such as notice periods for entry or rules around security deposits.Fair Housing Compliance: Familiarize yourself with federal, state, and local fair housing laws to avoid discriminatory practices.Property Standards: Regularly inspect your properties to ensure they meet safety and habitability standards.Tax Documentation: Keep accurate records to comply with tax reporting requirements.4.
Lau Cor
Putting the investment in an LLC
21 January 2025 | 4 replies
Ideally you would want to transfer the funds you expect to use for the purchase to your new entity for your records to create the separation from personal to business.