Account Closed
Buying Pre-Foreclosures (Non Judicial) Foreclosures To Do Fix & Flips or Rentals
6 March 2024 | 19 replies
and then there was Michael MastroCommercial Real Estatehe listed assets in excess of $249 million and liabilities of over $586 million in a filing with the U.S.
Alecia Loveless
To ADU or not to ADU
3 March 2024 | 3 replies
Then invest $72k in a year to generate the $900/month rent. 3) invest the $30k in an active investment that returns in excess of 15%.
Chris Seveney
What will happen if rates stay above 5% for the next 5 yrs
2 March 2024 | 10 replies
Nope, not in tertiary markets where you normally can find multifamily in excess of the 1% rule.
Mike Boss
Home insurance won’t cover small pool
1 March 2024 | 4 replies
Mike,You may need to check on Excess/Surplus Lines (aka Lloyds of London, etc.).
Jonathan B.
Foreclosure surplus and HOA liens
1 March 2024 | 3 replies
Yes but, It's not like the foreclosure happens, senior lien holder gets paid off, and excess funds automatically go to HOA or whoever else.
Tony Pellettieri
Loan product to avoid impending failure??
1 March 2024 | 15 replies
Details below...We need a FAST cash-out loan product that requires only the personal guarantee of my business partner (60% ownership) to be used for: completing the remaining rehab and getting the 1st house rent ready, paying off revolving credit accounts to get her credit score up, and funding the other projects we have in the works.To help bring you up to speed on what's transpired over the 11 weeks we've been in business...We started our business on Dec 1, 2023, leveraged our "then" good credit/high w2 incomes to bootstrap the startup, assembled a rehab team, and are now about 2 weeks out from the completion of our 1st rehabbed property.We've closed on 3 properties, all owned free/clear, and have paid for renovations with personal funds/credit.My credit score was 810, but is now 592, due to excessive debt but 100% on-time payments, therefore can't personally guarantee a loan.My business partner's score is currently in the 700s, but likely wont be for long, due to her revolving credit % continuously increasing, as we push towards the completion of the first rehab utilizing her remaining credit on her CCs.Recently, I started researching the underwriting timeline for DSCR loans.
Karma Senge
Peter Harris Coaching - Disappointed
1 March 2024 | 97 replies
In that sense, the forced appreciation is way in excess of the fee.
Mike Boss
Advice on who to use to start an LLC
1 March 2024 | 8 replies
California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.
Merritt Harris
Hourly cleaners verses sub contractors
29 February 2024 | 8 replies
It's never been excessive.
Michael Smythe
Landlord Rights are being Taken Away!
29 February 2024 | 7 replies
What are you doing to counter attempts for Rent Control, excess tenant rights, etc.?