
17 June 2024 | 9 replies
We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!

17 June 2024 | 3 replies
I live and invest in Idaho and there are a couple laws on the books that make it landlord friendly and keep me investing here;-HOAs may not regulate property use anywhere in the state.

17 June 2024 | 9 replies
You're going to have significantly more affordable prices here to invest and the market keeps gaining strength!

17 June 2024 | 17 replies
You will need to keep the parking parameters in place so you will have less room to build than you think, but still sounds like plenty if the impervious cover rules and zoning allow it.

16 June 2024 | 11 replies
Louis, MO.I have a question that I was hoping the BP community could help with: I was wondering if anybody could point me in the direction of a nice, clean, and easy to use accounting spreadsheet template (or something of that nature) for real estate investing book-keeping?

17 June 2024 | 5 replies
Please keep in mind the April 15th deadline is coming so folks are really busy!

17 June 2024 | 4 replies
Something to keep in mind is, will you qualify for traditional commercial financing?

17 June 2024 | 5 replies
She also keeps an eye on things while learning a lot about property management.

18 June 2024 | 18 replies
If they choose to stay, let them keep smoking because the damage is already done.

17 June 2024 | 16 replies
One piece here is that yes you can potentially find buyers that will have a premium for successful track record + even furnishings, listings, review - but important to remember that there won't be a premium assessed by the lender in almost all situations if the buyer is using financing to acquire - their loan will be based on the pure real estate value even if they are paying more - just a tip to keep clarified so no surprises that can throw off deals