Tyler Edens
House Hacking Budgeting
20 January 2025 | 4 replies
.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.
Shawn Questa
Creative Ideas to Help Distressed Seller and make a Deal Work
23 January 2025 | 3 replies
@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and perhaps you can do a short sale (though I don't know the details on how that's handled in TX).
Julio Gonzalez
Is my property a good candidate for cost segregation?
17 January 2025 | 2 replies
Although the study may increase the gain, the gain may be taxed at a much lower rate making it a beneficial investment.If a property is purchased with the intention to flip or own for a short period of time (less than 3 years), a cost segregation study may not be significant.Overall, as long as you intend to hold the investment property for greater than a year, the benefits of a cost segregation study should be considered.
Jonathan Greene
Why You Need a "Deal Killer" In Your Life as a New Investor
2 January 2025 | 37 replies
But as a new investor, sometimes this advice leads you to only have cheerleaders in your life.
Zhong Zhang
a multifamily investment case analysis
19 January 2025 | 6 replies
Based on your current assumptions, you would be paying $1,229 per month out of pocket, leading to negative cash flow.If you’re house hacking and living in the property, it might still make sense because you're paying for housing anyway.
Alan Asriants
Taking on a major construction project in 2025 - What are some common hurdles?
30 December 2024 | 10 replies
With the most difficult buyers it can lead to last minute re-trades over inconsequential amounts of money but is just a pain to deal with.
Izraul Hidashi
If a Borrowers Promissory Note Funds a Loan Who Is The Creditor?
15 January 2025 | 34 replies
Because that trail will undoubtedly lead back to the alleged borrower.
Drew Poniewaz
Seller/ Owner finance restrictions on Zillow
30 January 2025 | 4 replies
To qualify for installment sale you must selling an investment property, it was a rental for at least a short period.
Brad Kanouse
IRA funds as down payment
22 January 2025 | 21 replies
It’s a bit risky unless you’re sure you can replace the funds, but it could work for short-term needs.4.Roll into a 401(k) and Take a Loan: If you have access to a 401(k) plan (Or can start one for a business you run), you could roll your IRA into that plan and take a loan against it.
Joshua Manier
HELOC for 2 unit investment property in Chicago, IL
15 January 2025 | 8 replies
I would assume that if its for a short term loan, it would likely be better terms with the HELOC but I dont know much about the subject honestly.