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3 February 2025 | 0 replies
Partner Driven provided 100% of the funding, covering the $160,000 purchase price.
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13 February 2025 | 10 replies
This is generally correct, DSCR loans do not look at all at your personal income.
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23 February 2025 | 10 replies
You’re still going to be personally sued when something goes wrong.
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2 February 2025 | 1 reply
I provided a free rent back for 2 weeks so the seller could get her funds and relocate.
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24 January 2025 | 9 replies
I turn the tables on the wholesaler calls.. if i can get past the telemarketer and get to the owner I then explain to the owner how I can fund deals for them..
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6 February 2025 | 5 replies
Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.
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12 February 2025 | 14 replies
In person control before controlling re from the distance.
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10 February 2025 | 4 replies
Other lenders as a new relationship may not care as much because they were not the ones that originally funded your loan and would not yet deem you as a risk.
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27 January 2025 | 3 replies
How do I access a portion of that equity to fund the purchase of 1-2 more MFR properties in more affordable markets like OH, IN, MI, PA, TN, or AL?
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7 January 2025 | 24 replies
Those funds are not mine until there is a sales settlment, or default or refund to the buyer.