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9 December 2024 | 20 replies
Unfortunately very few who seek out these assets take the time to consider their exit and fail to realize they are the most costly assets to exit, let me explain why: Here's how that disposition process to an owner occupant looks: -You will incur turn over expenses associated with vacating the tenant in preparation of the sale -The natural buyer in this price point is the FHA buyer who will normally seek a 5-6% seller assist -Passing a Section 8 inspection/preparing a home for a low income tenant is very different than the expectations of a home owner, particularly the FHA buyer who cannot afford to take on any deferred maintenance.
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2 December 2024 | 2 replies
., are there specific financial or tax considerations I need to be aware of when investing in US properties (or distressed properties in particular)?
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28 November 2024 | 18 replies
Quote from @James Wise: Quote from @Imdad Rahman: I've come across some online courses, particularly those by individuals like Tom Cruz and Section8Karim, who claim to provide valuable insights and strategies for successful Section 8 investing.
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30 November 2024 | 1 reply
Adjacent to this bustling hub, affordable residential lots have remained available, particularly after decades of urban renewal and the city's efforts to address blight.
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6 December 2024 | 27 replies
There's so much content and so many individuals who push inexperienced investors to take action before they are financially ready while downplaying the risks, particularly those associated with properties in lower tier neighborhoods.
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28 November 2024 | 7 replies
My name is Joshua Wright, living in the Tampa Bay Area, and I have a background in commercial construction management, particularly in healthcare.
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28 November 2024 | 1 reply
If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.
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2 December 2024 | 21 replies
My most recent look indicated that the DSCR rate was actually lower than the one at my bank but would have required a 35% down payment in my particular situation.
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6 December 2024 | 21 replies
Having someone to help you navigate challenges, anticipate issues, and give you personalized feedback as you build your own path is incredibly valuable, especially as you're just starting out.While paid options with specific systems might seem appealing, I agree with you that the key is finding someone who can provide ongoing, situational guidance, particularly someone who has experience in real-world application.
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3 December 2024 | 22 replies
I don't particularly like FB marketplace, either...I just keep using it because it's worked better for me than the alternatives...