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9 December 2024 | 2 replies
Quick tips…✅ Everyday Homeowners - track all home improvements as you could qualify for energy efficiency home improvement credit - new exterior windows, new central A/C, new hot water heater, new insulation material.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....
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13 December 2024 | 5 replies
With larger projects come bigger budgets, and tracking your cash flow becomes essential for profitability.
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14 December 2024 | 6 replies
Here are the common exceptions:Relocation for Work: If your job requires you to move a significant distance from your current property (usually over 50 miles), you may qualify for a second FHA loan near your new workplace.Increase in Family Size: If your household has grown, and your current property no longer meets your family’s needs, you may qualify for a second FHA loan to purchase a larger home.Co-Borrower Separation: If you co-signed on an FHA loan and are no longer living in the property (e.g., after a divorce or separation), you may qualify for a second FHA loan for your primary residence.Non-Occupying Co-Borrower: If you were a co-signer but did not occupy the original property, you may qualify for another FHA loan as the primary borrower.Important Note: FHA guidelines typically require you to demonstrate that the current property will not meet your needs or is no longer feasible as your primary residence.2.
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12 December 2024 | 3 replies
There are a lot of different ways to deploy that $300K (or keep a larger chunk in cash for safety).
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11 December 2024 | 0 replies
Purchase price: $65,335 Cash invested: $32,301 Sale price: $197,500 Was my second BRRR investment but ended up selling the property to move into a larger one.
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12 December 2024 | 17 replies
Not just a larger group of attendees, but a group that is beneficial for all who do attend as a result of the strength which each person brings and shares.
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11 December 2024 | 1 reply
This makes them ideal for investors with growing portfolios or those looking to take on larger projects.Portfolio lenders often offer more flexibility with their terms, allowing for creative deal structures and quicker closings.
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13 December 2024 | 4 replies
For newer CRE developers working to establish credibility for larger scale deals, I’m curious about the role of financial documentation in building trust with brokers and sellers.
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13 December 2024 | 4 replies
Obviously, they will pay less for these loans because of the resources they spend upfront.Most of the larger private lending firms will participate in correspondent loans.
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17 December 2024 | 16 replies
Every single cabin I build is a deal I'm going to add 150k or more in equity (I've done a couple of larger ones that have 200k to 300k in equity) and anywhere from 5k to 10k a year in net profit by year 2.