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19 January 2025 | 9 replies
I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!
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28 January 2025 | 7 replies
We cash flow on the property about $140 a month and the tenant buyer takes care of the repairs.
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16 January 2025 | 7 replies
All the IRS cares is that the taxpayer is the same.
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16 February 2025 | 44 replies
I have the insurance on it I cut the grass I pay the taxes They could have done all that but instead turned into a zombie house.
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17 January 2025 | 3 replies
Find them at local real estate meetups, but be careful, it's a sketchy business overall.
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2 February 2025 | 14 replies
Are most of those gurus just selling courses/cutting a fee on top of an agent?
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14 January 2025 | 4 replies
A clean cut, I get that it might be hard emotionally and financially but a clear break on stuff is what you need not more stuff that keeps you together that will just be one more thing to fight over later.
13 January 2025 | 41 replies
There are regulationsI could go on, but if you learn this much, and apply it appropriately, you will cut down your sorrows and risk considerably.And yes, there is much more.
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9 January 2025 | 14 replies
Cut expenses and work, no way around it.
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19 January 2025 | 2 replies
While I was running my inspection business, trying to build a real estate business, and taking care of 4 rentals with family, I was also going to night school to get a degree in MIS.