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12 February 2025 | 6 replies
How do I go about finding the best banks or companies to get pre-approvals and is it worthwhile to get multiple?
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25 February 2025 | 5 replies
Looking forward to hearing your thoughts!
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12 February 2025 | 27 replies
I think that's about the scope of work we're looking at, minus the zoning changes.
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25 February 2025 | 4 replies
Quote from @Adolfo Herrera: I recently bought a piece of land(cash) in my hometown in Texas and I am looking to start building a home to sell.The lot sits in a new neighborhood and is in the more affordable side of the Rio Grande Valley.
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13 February 2025 | 5 replies
From my best understanding, the city zoning committee seems to turn a blind eye to it (due to the need for housing for students).
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9 February 2025 | 2 replies
This is the structure we were looking at which is more of a subsidiary structure and this applies to raw land development: 📌 Structuring Plan1️⃣ Set up a QOF to raise capital from investors.2️⃣ Create a QOZB to handle hotel & parking development (each separate land parcels).3️⃣ QOF owns the land & funds QOZB for development.4️⃣ Raise capital through QOF equity, bank loans, or JV partners.5️⃣ Develop the projects & operate for 10+ years for tax-free gains.
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14 February 2025 | 19 replies
If you're doing a rate and term refinance, there's typically not a seasoning period but again it's common for lenders to require it be rented first.If you're doing a DSCR cash out refi, it may not need to be rented first but you're probably paying a higher rate.Your best option is to call a loan broker you trust and go through the options based on your current situation.
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26 February 2025 | 14 replies
If you were going to focus your time on learning something, I'd say getting familiar with a bookkeeping platform (like Quickbooks Online) would be the best bang for your buck.
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14 February 2025 | 2 replies
I haven't even begun to look for sellers or buys yet.
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25 February 2025 | 12 replies
Best of luck!!!