Brandon Cormier
How did YOU get into your first commercial multifamily deal?
29 January 2025 | 4 replies
Harder to cash flow due to 25yr am vs 30yr standard.
John K.
Looking to connect with PPR investors
23 January 2025 | 9 replies
Usually there's a lockup period (often three years) in note funds, so you can't use that cash to do direct note investing.
Melanie Baldridge
Being RE PRO is worth it.
31 January 2025 | 0 replies
Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.
Michael Mergell
Quick Ownership Change
31 January 2025 | 0 replies
Cash How did you add value to the deal?
Jarret Jarvis
Should You Self-Manage or Hire a Property Manager for Your Chicago House Hack?
31 January 2025 | 2 replies
Let’s break it down.Self-Managing Your Chicago House HackPros of Self-Managing✅ More Cash Flow – Property managers typically charge 8-12% of monthly rent.
Desiree Rejeili
Understanding Mortgage Recasting: What Homeowners Need to Know
22 January 2025 | 0 replies
This is much lower than the costs associated with refinancing.Benefits of Mortgage RecastingLower Monthly Payments: The most immediate benefit is a reduced monthly payment, which can free up cash for other financial goals.Save on Interest: By reducing your principal balance, you’ll pay less interest over the life of the loan, potentially saving thousands of dollars.No Credit Check or Appraisal: Unlike refinancing, recasting doesn’t require a credit check, income verification, or home appraisal, making it a quicker and simpler process.Keep Your Current Interest Rate: If you have a favorable interest rate on your current loan, recasting allows you to maintain it while still lowering your payments.Drawbacks of Mortgage RecastingRequires a Lump Sum: Not everyone has the cash on hand to make a significant lump sum payment, which can make recasting inaccessible for some homeowners.Doesn’t Shorten Loan Term: While your monthly payments are lower, recasting doesn’t reduce the length of your loan.
Nick D.
Pulling equity out of investment properties under LLC for a DP on a 3-family
17 January 2025 | 14 replies
Would a cash out refi be under commercial terms since the property(s) are under LLC?
Thomas Farrell
BRRRR with ~400k Capital
18 January 2025 | 16 replies
@Thomas Farrellmiscellaneous reactions-BRRRRs won't produce cash flow - they're an equity strategy, not a cash flow strategy-OOS BRRRR on your first deal will be incredibly difficult.
Ricardo Polanco
Scranton Multifamily deal - Possibility of changing 2 units to 4 units.
1 January 2025 | 4 replies
This is the type of deal where doing your homework upfront pays off big time later.
David B Graham
financing needed for investment
16 January 2025 | 5 replies
Purchase price: $70,000 Cash invested: $60,000 Sale price: $70,000 Have under contract for $70K and will rehab.