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21 January 2025 | 4 replies
He tells you to pay him $5,000 (or much more) to learn all the "secrets" that made him wealth, but then he doesn't tell you that his "secret" was to increase earnings, reduce expenses, save up and invest.
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14 January 2025 | 6 replies
If I were to reduce or take out the vacancy, the 2 would cashflow.
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17 January 2025 | 20 replies
However, vacancy means covering 100% of the expenses.Multifamily properties almost always generate higher cash flow due to multiple income streams, which also reduces the risk of vacancies.
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22 January 2025 | 4 replies
Be sure to hold a hefty reserve to handle on-going maintenance, capex, taxes, and insurance.
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29 January 2025 | 11 replies
A lot of stuff I handled myself.
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16 January 2025 | 2 replies
-How are arrears handled, how do you ensure once arrears are caught up that seller doesn't walk on you. - Can you do subto with a lein on property.
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21 February 2025 | 26 replies
Only at that point can an underwriter recognize it as an income producing property. that's for some lender ; for other lender they can use appraisal opinion.to reduce dti from primary you could also attach lease agreement and proof of income.
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23 January 2025 | 5 replies
This means you can sell, lease, or pass on the property as you see fit, just like any other property owner.Full Ownership RightsYou have the same rights as a Mexican property owner, including the ability to sell, lease, transfer, or mortgage the propertyLegal SecurityThe Bank Trust is a well-established legal mechanism in Mexico, ensuring your investment is secure and protected under Mexican law.Renewable TermsThe trust is set up for 50 years and can be renewed indefinitely, allowing you and future generations to maintain control over the property.Estate PlanningThe trust makes it easier to pass the property on to heirs, simplifying the inheritance process and reducing potential legal complications.Although the process might initially seem complex, it is entirely managed and supervised by a reputable banking entity.
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20 January 2025 | 4 replies
If they sell them on amazon, they likely don't require any special handling.
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15 January 2025 | 11 replies
I just let the insurance handle it.