Erin Elam
Temple View Capital HML
13 May 2024 | 16 replies
We're funding in excess of $35mm a month in short-term, construction loans, so we're doing something right.As for the idea that some construction manager builds your rehab schedule is false.
Shan Vincent
Has anyone used WealthAbility?
16 May 2024 | 158 replies
Once you’ve paid in a considerable amount of your wealth year after year as you’re building you’re business (I built an insurance brokerage from the ground up but new to real estate investing), you become frustrated at the lack of competence and accountability you find even in qualified CPA’s as well as the excessive amount you seem to pay Uncle Sam.
Tatenda Mpofu
Common Surveys Performed During Diligence
12 May 2024 | 8 replies
Quote from @Tatenda Mpofu: A quick search suggested that the following surveys could be completed in the diligence phase of self storage facility acquisitionBoundary Survey: ALTA/NSPS Land Title Survey: Topographic Survey: Site Planning Survey: Floodplain Survey: As-Built Survey: I'm curious which of these are necessary versus nice to have ALTA/NSPS is critical, topo is useful for understanding drainage but some details can indicate that on an ALTA if you specify on Table A. topo needed if you're going to build anything on the excess land.as builts are quite useful for improved property.
Quinton Oake
Looking for a long term loan, private lender
10 May 2024 | 8 replies
If you have an appetite for 30 year type loans and willing to accept rates at 7% currently.
Ed O.
Starting out - Avoid Bank of America
13 May 2024 | 25 replies
Now, here's one important point I've learned over the past 7 years - never do business with ONLY one bank (unless you are only buying a property or less per year) - you never know when the bank will lose their appetite for cash out refinancing or construction loans.
Corazon B.
Good Deal or Bad Deal?
11 May 2024 | 25 replies
After COVID, there was an excess of cash pumped into the economy.
Michael Miles
LLC's for your properties?
10 May 2024 | 4 replies
California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.
Carlos Quiros
Property Management Repair Questions
8 May 2024 | 8 replies
It all depends on risk appetite.
Rich Davis
What Prop Mgmt software?
10 May 2024 | 7 replies
You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.
Jimmy Humphrey
Over Leveraged?
10 May 2024 | 116 replies
But having been broke before, I have a personal allergy to most forms of debt, especially excessive levels of debt!