
30 June 2024 | 2 replies
Market Analysis and Property Valuation: How can agents go above and beyond in providing market analysis and property valuations tailored to investors' needs?

27 June 2024 | 1 reply
He then sold the lots cheap to homebuyers, negotiated with a lender to provide mortgage financing, and teamed with a builder who would build simple, inexpensive homes.
28 June 2024 | 10 replies
Factoring in filing taxes, maintaining LLCs, and overall cost vs security, I’m hearing many different options.

29 June 2024 | 11 replies
As an update though, we did move ahead and were able to secure a 1X close construction loan that automatically converts to a 30-year fixed rate.

27 June 2024 | 2 replies
Here are some options and considerations:Loan Against Equity/ETFs:Margin Loans:Description: Margin loans allow you to borrow money using your investments (such as stocks or ETFs) as collateral.Pros:You retain ownership of your investments.Generally quick access to funds.Interest rates can be relatively low compared to other types of loans.Cons:Your investments are used as collateral, so if their value declines significantly, you may face a margin call (requiring additional funds or securities).Interest rates can vary and may be higher than traditional loans depending on the lender and your creditworthiness.Securities-Based Line of Credit (SBLOC):Description: Similar to margin loans, SBLOCs use your securities (stocks, ETFs) as collateral, but they typically provide more flexibility and may not trigger margin calls as easily.Pros:Allows for ongoing access to funds as long as your collateral remains sufficient.Interest rates may be competitive.Cons:Similar risks of potential margin calls if the value of your securities drops significantly.Terms and interest rates can vary widely among lenders.Comparison with 401(k) Loans:401(k) Loans:Description: Borrowing from your 401(k) allows you to access funds without selling investments, using your retirement savings as collateral.Pros:Typically low interest rates.No credit check required.Interest paid on the loan goes back into your 401(k) account.Cons:Usually capped at a percentage of your vested balance (commonly up to 50% or $50,000).If you leave your job, the loan may need to be repaid immediately or could be considered a taxable distribution.Potential opportunity cost of missing out on market gains if funds are withdrawn from investments.Other Alternatives:Home Equity Line of Credit (HELOC):Description: If you own a home with equity, a HELOC allows you to borrow against that equity at typically lower interest rates than unsecured loans.Pros:Lower interest rates compared to other types of loans.Interest may be tax-deductible if used for home improvements (consult a tax advisor).Cons:Your home serves as collateral, so failure to repay could result in foreclosure.Personal Loans:Description: Unsecured personal loans can be used for various purposes, including investing, but typically have higher interest rates than loans secured by collateral.Pros:No collateral required.Funds can be used for any purpose.Cons:Higher interest rates and stricter eligibility criteria based on creditworthiness.I am a loan officer and we do some of the loans stated above.

28 June 2024 | 2 replies
@John Williams politicians at all levels of government are taking away landlord property rights to protect slum-tenants.We'll soon be like Ontario, Canada where they can't charge application fees or security deposits and it takes 12 months to evict a tenant.Unfortunately, landlords are too cheap to make political donations to stop the madness:(

29 June 2024 | 2 replies
I'd like to explore card operated laundry to provide that as an option for tenants, to offset the cost of running the washer and dryer while I pay for utilities.

29 June 2024 | 0 replies
They're still trying to keep their machines at my four-plex saying that it's now month to month then saying that the previous owner suspended services so that time doesn't count, but won't provide any dates.

27 June 2024 | 0 replies
Partnering with Jamie Munden provided valuable local insights, making this an attractive and strategic investment for Partner Driven.

27 June 2024 | 0 replies
Partnering with Heather provided valuable local insights, making this an attractive and strategic investment for Partner Driven.