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11 February 2025 | 11 replies
@Kristin Vegas what ROI do you project to obtain on the MFR?
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4 February 2025 | 2 replies
Also, I'm not sure how you're paying attention to it on the tax side, but the unit that you are living in's profit at sale is calculated differently than the other unit that you're renting out.Once you move out, that unit is officially available for rent so from that point forward, any profit gained at future sale will be calculated starting from that point and will be taxable.
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31 January 2025 | 2 replies
He used to be great from the beginning of the projects.
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5 February 2025 | 5 replies
Compare this to other hard money lenders to ensure you’re getting a competitive deal.Reputation: Before working with any lender, it’s crucial to check reviews, reach out to other investors who’ve used them, and potentially even meet with them in person.Experience with BRRRR: If possible, find out if they have experience funding BRRRR projects specifically.
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10 February 2025 | 11 replies
Penalties of these Federal charges may include:30 years in prisonUp to $1 million in finesThey have a "statute of limitations" - (with a third "T" ;-) of 10 years from the date of the transaction - 10 years from now, you could get a very nasty call and hopefully, you put your reserve money in a good account that grew to cover legal expenses**********************************************And the universe could blow up as Doc says in Back to the Future " But, granted, that's the worse case scenario."
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10 February 2025 | 6 replies
We lost a 3% interest rate but sold future maintenance and repair headaches.
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23 January 2025 | 9 replies
Additional Resources to check, 'FYIs', in case you want to learn more about rezoning in the future)-Look up your address on the city's zoning map here to see how properties in your immediate vicinity are zoned.
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11 February 2025 | 15 replies
Very likely the condo project would not even be eligible for an FHA loan.
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27 January 2025 | 12 replies
I think in the future you'll see businesses supplying this type of accommodation for their workers.
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5 January 2025 | 7 replies
Others recommend tools like Stessa or Buildium to track actual costs and project future expenses.