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13 October 2024 | 5 replies
I also highly recommend going with a section 8 government guaranteed rental property.
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12 October 2024 | 7 replies
I suspect they drew you a flow cart and then your conversations went something like this: I need to transfer my properties to an LLC for anonymity.They are told they are not anonymous & that is not asset protectionBut I need it anyway for tax savings.They are told there’s no meaningful tax advantages But I can get non recourse debt because the LLC is the borrower.They are told they still have to personally guarantee the loanNo, I can get non recourse debt I read all about it.They are told yes, while that is true, the leverage is customarily low, applies to much larger CRE transactions and there are still carve outs.
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11 October 2024 | 11 replies
Quote from @Marie Magno: People love the "guaranteed" rent from our BS welfare system, but it's not guaranteed.
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13 October 2024 | 11 replies
No personal guarantee required.
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24 October 2024 | 139 replies
In most cases, a contractor wants to provide their own materials, not because they want to rip you off, but because they know that if they use quality materials that they are familiar with, they can provide you with a reasonable guarantee.
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13 October 2024 | 22 replies
It is not legal advice and is not guaranteed to be accurate.
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14 October 2024 | 14 replies
You want to read foundational books to build strong instead of reading a book on self-storage now.Just do those 2 things for 6 months and I guarantee you will be on your way and will not have spent more than on books.
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13 October 2024 | 23 replies
Almost all DSCRs require a personal guarantee, and PG'ing a loan WILL have the exact same effect on your DTI, regardless of whether the DSCR lender reports it on your personal credit report.
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14 October 2024 | 31 replies
Perhaps the Turnkey Company may even specialize in section 8 which would be another big positive if an investor is looking for less risk and government guaranteed rent and cash flow.
11 October 2024 | 27 replies
Do you require a personal guarantee?