James Samsing
Energy Efficient Mortgages
25 June 2024 | 3 replies
As the seller I would pay for the energy audit, do the analysis on the work to be done (cost vs savings) and then market the home with a prepackaged improvement contract that would meet lender guidelines (solar, EE windows, etc). 45 day close to allow for enough time to do loan and obtain permits, occupancy COE+2.
Jaekwan Lee
Use FHA or conventional if you just started investment but you have enough downpaymen
26 June 2024 | 8 replies
This is a grind for sure, but you will thank your future self 5 years down the road when you actually have control of your time (which essentially is the reason people seek financial independence).
Joe Wood
Inherited IRA Withdrawal Questions
26 June 2024 | 11 replies
You need to be comfortable that the value of the real estate you report to the custodian will pass an IRS audit.
Jacorion Williams
What’s your House Hack Story?
25 June 2024 | 31 replies
Motive: build financial independence.
Yichu Zhou
Financial arrangement for Real Estate investing
25 June 2024 | 3 replies
This also reduces the risk of mingling funds, which is important for both clarity and legal reasons, especially if you decide to form an LLC in the future.Potential Issues with Personal Checking Accounts:Audits: Using personal accounts can complicate things during audits.
Adam Eckhoff
Section 8 - What am i missing?
25 June 2024 | 10 replies
It is in the Historic NE which the farther East you go along the Independence Ave it starts to decline.
CC Uche
Potential Investment Property: Next Steps and Repair Considerations?
25 June 2024 | 1 reply
I think you should first have an independent inspection of the property done.
Natalie Schanne
Help!!! My spouse doesn't want to house hack and I REALLY do!
28 June 2024 | 21 replies
If the cosmetics thing continues to be an issue when we tour properties together, I am considering buying a 'rental-rehab BRRR' house (like the one I mentioned at the top of this post) using my above criteria with my independent investment money, fixing it by the time our lease is up in August, leasing half of it, and trying to convince him to move into it instead of re-renting the condo for $1500/mo.
Damein White
Looking to network
24 June 2024 | 10 replies
The other is the last Thursday of each month at Slyman's in Independence.
Kev Li
Filing for the STR Loophole
24 June 2024 | 5 replies
When it comes to audit-sensitive areas like STR and REPS, I think the best bang for your buck is to pay someone to do it for you who has been doing it for years.