19 March 2024 | 6 replies
Code Chapter 47 - Fraud And False Statements, which is a very boring read, unless it applies to you.Please don’t do that.Make sure your Proof of Funds source has the funds and that you are authorized to use those funds and the source will vouch for you in court.If you are going to buy “Turnkey” it is recommended you visit the actual neighborhood and actual house before closing.Things can be very different in person.Afterwards is too late.You may not like what you seeGo with the Math, not the emotions or hopes of the futureIf you are losing money with the hopes of making it up later, you should seriously reconsider.Wishful thinking is a poor investment.Interest rates are going upAnd interest rates are going down.And interest rates are remaining the same.There is no clear direction for rates and there are arguments for going each direction – buy so that your property cash flows, even if you are wrong.Ignoring your workers.Always serve your workers pizza on the job.It keeps them on-site so they don’t wander offThey will think you actually care and will work harderYou get to become “one of the boys” and they will tell you things you need to knowHmmm, out of space, but not out of mistakes.
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20 March 2024 | 0 replies
In 2023, I did 18 transactions(Top 500 of ~15,000 agents), and manage 13 rental properties for other individuals.As an Individual, I also own 5 additional rental properties that I also self manage.The reason I would like REPS is because Ive got about 200k in passive losses(100k just in 2023 as I fully remodeled one of the rentals and partial reno of another) I would like to apply towards our household W2 income(600k) Overall, I feel like I could definitely qualify but I definitely lack detailed time log of all activities.
20 March 2024 | 8 replies
Often, the tenants must apply for these with owner's permission.
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20 March 2024 | 175 replies
I will send you a direct message.
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20 March 2024 | 12 replies
There isn’t a big hotel presence in the area, so vacationers are reliant on direct bookings and online travel agencies.
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20 March 2024 | 1 reply
Almost anything that has a guaranteed rate of return makes me want to scream and run the other direction, but this seems different.
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20 March 2024 | 4 replies
Happy to point you in the right direction, I've worked with different types of lenders and you just have to find someone that understands your scenario.
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20 March 2024 | 7 replies
Hi all,I'm a new landlord in North Hollywood, and I'm having an issue with a tenant who has missed 4 months of rent payment and doesn't want to move out.In late 2023, she applied for the ULA Emergency Rental Assistance Program, and I've just received an email notification from the LA City housing department that the payment is processed and will arrive in the next few days.
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19 March 2024 | 12 replies
Happy to connect point you in the right direction.
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21 March 2024 | 16 replies
Consider alternative financing options like portfolio loans that leverage your overall investment portfolio, private money lenders who may be more flexible with income verification, or negotiating seller carry-back financing directly with the seller.