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Results (10,000+)
Tyler Haanen Medium Term Length Pickiness?
6 June 2023 | 4 replies
We are housing hacking a duplex with this strategy, so I suppose the turnover (though way less than an AirBNB) is what we are worried about since we do all the cleaning ourselves.Our main focus has been reduction of vacancy.
Absalom Lwande Tucson Multi-family Rental Investments, best areas, trends
5 June 2020 | 13 replies
Noticeably lots of exhausted investors from Phoenix market are ending up in Tucson, for both Flip and Passive incomes.
Keenan Patton BRRRR Cash Out Rates Killing Cash Flow and Prepayment penalties
6 September 2023 | 15 replies
What other options do people think I should exhaust?
Joseph Dasmerces Using construction loan or traditional financing
8 September 2023 | 5 replies
.- These loans are often granted to an LLC or Corporation rather than an individual.- Unlike traditional loans, Hard/Private money lenders don’t base their qualifications on DTI. - - They also don't require tax returns, income verification, or extensive bank statements. --- ---- Moreover, credit checks are typically "soft" pulls for such short-term loans.- The average closing timeframe is around 14 business days.Refinancing Considerations:- If you intend to transition the property into a rental, be mindful of the seasoning -requirements for cashing out, especially if you’re switching from a construction loan to a traditional one.- Some lenders offer a DSCR loan right after rehab completion, while others might stipulate a 3-6 month seasoning period before allowing cash out.
Arun Philip First time Landlord looking to purchase more properties
21 March 2023 | 7 replies
Here are some things to consider:Advantages of Purchasing Investment Properties under Your Name:Simpler and less expensive to set up and maintain than an LLCMay be easier to obtain financing since lenders may prefer lending to individuals rather than an LLCMore control over the property and its managementDisadvantages of Purchasing Investment Properties under Your Name:Personal assets are at risk in the event of a lawsuit or other legal action against the propertyMay not provide the same level of liability protection as an LLCNo separation between personal and business assets, which can make accounting and taxes more complicatedAdvantages of Purchasing Investment Properties under an LLC:Offers liability protection for personal assets in the event of a lawsuit or other legal action against the propertyProvides a separation between personal and business assets, which can make accounting and taxes more straightforwardCan make it easier to manage multiple properties and limit liability across themDisadvantages of Purchasing Investment Properties under an LLC:More complex and expensive to set up and maintain than purchasing under your nameMay require a higher down payment or interest rate from lendersLess control over the property, as decisions must be made in accordance with the LLC's operating agreement.You personal have to weigh the pros and cons.
Mike Goikhberg housing hacking and LLC's
7 November 2016 | 14 replies
After exhausting all assets, that attorney will sue each member of the LLC.  
Katie Phillips Buy and Hold - Broken Arrow, OK
26 April 2023 | 8 replies
I noticed the smaller homes obviously sell for less, but they don't rent for any less than an 1100 sq ft home.
James Palassis Zillow "Pre-foreclosure" status
29 December 2018 | 28 replies
My record is 100 in a session and you will be exhausted!
Philip Olivier Where should I get a CPA?
22 February 2019 | 11 replies
The reason is that LA has state income tax while FL does not, and LA accountants are more likely to be proficient in LA state taxation.That said, a competent accountant from South Dakota (assuming they even have accountants up there) is way better than an incompetent local one (and those are always available).
Tayler LaChapelle A Kid With A Dream...
10 September 2016 | 1 reply
My siblings consistently ask me to come over and hang with them but I am so tied up in working 13 hour days each day that I feel like I don't have time and when I do I am too exhausted.