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29 January 2025 | 11 replies
Usually of the home requires major repairs it may require a HML "hard money loan" then you refinance in 6 months on the new ARV.DSCR is also not a great avenue for low loan amounts because all loans under $125K will take a rate hit and the minimums are usually $125k after down payment with some going down to $100K Min.
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28 January 2025 | 11 replies
You need a firm estimate for the remainder of the work as your funds are limited (like most people who don't have an endless amount of money).
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18 January 2025 | 8 replies
An other advantage of paying with credit card may be that you will not have to send the provider a 1098 tax form (only an issue if the total yearly amount is over $800).
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11 February 2025 | 15 replies
Considering recent market insights, reallocating your $300K brokerage account into a multifamily property while keeping your townhouse rented could be advantageous.Warren Buffett’s Berkshire Hathaway has accumulated a record amount of cash, suggesting a cautious stance due to potential market overvaluation.
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23 January 2025 | 3 replies
You could sell the AITD to a note buyer who will pay off the underlying at closing - BUT the buyer will need to purchase the wrap for at least the amount of the underlying.
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27 January 2025 | 7 replies
Base the payment amount so you're in that range.
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22 January 2025 | 9 replies
Welcome to the community and be ready for a huge amount of information at your finger tips.
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27 February 2025 | 19 replies
If you don’t itemize, you won't be able to claim the deduction.Limits on Deductions: The amount you can deduct may be subject to limits based on your adjusted gross income (AGI).
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10 February 2025 | 31 replies
For instance, even if a property has excellent characteristics, it may not rent if there is a significant amount of traffic on the street.
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25 January 2025 | 5 replies
If there is a large amount of equity, one party may have to buy out the other - if they cant afford it/cant qualify, then the property is sold.I deal with this frequently with mortgages.