Robert Jackson
Spec Build - How to finance?
18 December 2024 | 6 replies
Hopefully as the rates and the housing market loosens so will some of these guidelines in the HML programs. from talking to hard money funds especially those who operate in more than 10 states, and 5 years of experience with underwriting teams, I'd actually disagree and say new construction is preferred to rehab due to experience level to enter the market. there's BP lenders that will do 15% LTC with 1-2 new build experience.
Ke Nan Wang
6 Bedroom 5 Bath Multi Generation Co-living New Construction Investment Project
15 December 2024 | 2 replies
Strategic Purchase: Acquired a discounted double lot below market value with a $17k impact fee credit.Custom Design: Built a 6-bed, 5-bath home tailored for co-living or multi-gen use, maximizing tenant appeal.Efficient Management: Managed construction, and self-managed operations to minimize costs.Premium Marketing: Furnished the property and used multiple platforms to attract quality tenants quickly, achieving full occupancy.What was the outcome?
Michael Plaks
EXPLAINED: can I apply "STR loophole" strategy in December?
11 December 2024 | 15 replies
2024 v 2025 is a gamble.
Debra Gross
LLC buying property in Ohio,
19 December 2024 | 5 replies
If the title company requires that you become the Manager of the spoke LLC, you would have to amend the Operating Agreement, and, possibly, you will have to amend the Manager of the LLC with the Secretary of State (depending on the State).
Feroz Penangwala
Are You Actively Investing in Real Estate?
18 December 2024 | 5 replies
We are solely working on assisted living:- Buying homes and leasing them at higher than market rates to these business operators- Purchasing existing businesses with the real estate- Developing / building newFor us, the business makes the real estate cash flow, we can create a massive impact, and the demand outpaces supply and will continue to be that way for the next couple decades.
Marshall Robins
How often does your Property Manager suggest/advise income opportunities?
18 December 2024 | 9 replies
It's like a syndication operator verse a money manager.
Jamie Banks
ALE Solutions Win
15 December 2024 | 38 replies
We also work with investors in the different markets we operate in to perform tenant placement where we work with ALE Solutions, other relocation companies, medical agencies, etc. to offer properties as a part of our inventory.
Franky Na
Canadian looking for mortgage options for US property purchase options
17 December 2024 | 3 replies
.), Either a US credit report or credit trade line history in your country of origin, US Entity documents (EIN, Operating Agreement, Articles of Organization,), 2 months bank statements for proof of closing, and 6-12 months reserves on top of closing costs and DP.
John Underwood
Why an LLC may not protect you from a Lawsuit
19 December 2024 | 50 replies
LLCs can protect you from outside attacks that have nothing to do with your real estate operation.
Travis Boyd
Should I wait to form my LLC until after my first purchase
14 December 2024 | 6 replies
Title company will need formation docs, and operating agreement to prepare deed and title docs and lender will need formation docs and operating agreement for lien search and loan docs.