Mario Morales
"Multi-family" agents-how to pick one's
17 January 2025 | 6 replies
More than 90 percent of real estate agents are out of the business in less than five years.
Trey Holloway
Financing and Down Payments
15 December 2024 | 13 replies
Hey @Trey Holloway, there are products out there that fit the 10% down model, but you will have to hunt for one.I don't agree with @Jaycee Greene that banks don't finance STRs.
Sean Doyle
Best Section 8 Markets
9 January 2025 | 30 replies
I have found enough business and made enough money not to need to expand outside of this market.Section 8 is a whole different ball game but I find the program is unique in that it's a 3-party relationship adding the variable of a government agency.
Robert Frazier
Your LLC could cost you $500 per day if you don't comply with new FINCEN reg by Jan 1
1 January 2025 | 4 replies
If you own 25% or more of any LLC you are required to register with a FINCEN ID for beneficial ownership by January 1st or you could be subject to $500 per day fines.Have you taken care of business?
Mike Levene
Most efficient source to pull funds from for a down payment?
16 January 2025 | 5 replies
FYI I do have plenty of reserves for my other units already, but would like to keep each property separate.My question is, where should I draw funds from to pay the least amount in penalties, taxes, loan interest, etc. from the following sources I have available:- 20 year 401k loan for a property- Sell a piece of my stock portfolio at 15% capital gains tax- Take a HELOC against an existing property- Private money loan from a trusted partner I have worked with beforeAlternatively, I could pool the reserves for all my properties to ensure I can cover anything immediate and know that I could always sell off a piece of my stock portfolio if needed and have the funds within 3 business days or set up a HELOC and only draw from it if needed.Appreciate any thoughts or what you have done in the past.
Hayat- Hyatt Barron
New Jersey Investor Seeking to Build Passive Income—Let’s Connect!
4 January 2025 | 12 replies
However, if you're a W2 high income earner or business owner, I can't imagine it makes any sense to flip houses, mail mass post cards, wholesale, or build lead gen websites with the value of your time being better spent other places (such as learning about real estate and increasing your income through proven means), such as at your 9-5pm or growing your business, and your real estate is a long term process and you don't need "home run" deals to qualify or make it work.
Rennell Goudeau
Eager wholesaling apprentice
16 January 2025 | 3 replies
I have a small wholesaling business that operates in King, Pierce, and Thurston counties.
Matthew Cook
High End Home Flip
9 January 2025 | 4 replies
Quote from @Matthew Cook: Dig into those comps with a realtor doing business in that market.
Jonathan Small
Sunshine State Showdown: Why Invest in Florida Real Estate?
8 January 2025 | 3 replies
Here are some reasons to get the ball rolling:Thriving Market: Florida's population continues to boom, fueled by warm weather, a strong job market, and a business-friendly climate.
Evan Ross
Managing rent increases
30 December 2024 | 11 replies
I will eventually look to distance myself from this part of the business and hire a PM.