
14 May 2024 | 4 replies
Purchasing a property from your LLC would I believe be considered a non arms length transaction and could affect how loan products work.

15 May 2024 | 8 replies
In contrast, if you buy a rental-ready property with a 30% down payment, you miss the opportunity to create equity.

15 May 2024 | 12 replies
I’ve done multiple years of investing while having a full time non real estate related job.

13 May 2024 | 9 replies
Also, if it's in an HOA, you need to find out the dues so that they don't put a lien for nonpayment.

16 May 2024 | 25 replies
There may be some carveouts related to moving from non depreciable property to depreciable property in certain circumstances that may not fall under this accounting method change, but it has been some time since I have had to deal with that piece.

15 May 2024 | 5 replies
if you’re looking for an investment angle, you might consider moving into a multifamily house, such as a duplex, where the other tenant would probably pay for your mortgage with their rental payment each month.

13 May 2024 | 21 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

16 May 2024 | 8 replies
Just another option to consider because purchasing investment properties right now can be challenging given the rates and down-payment requirements for investment properties.

15 May 2024 | 4 replies
If we crush the rehab I think we can even push closer to 200Cash-Out Refi Amount: $131k (75% LTV of the conservative 175k figure) Profit if done as a flip: 60k. (175k - 115k purchase price & rehab)Cash Invested: 18k (This accounts for $7,500 for down payment to lender, $2,000 in EMD to seller, lender fees, inspection, insurance, title, projected 3 months holding costs at $1000 per month)----------------------------------------------------------------------------If I do it as a flip, from what I understand, I'll be hit with a ridiculous tax bill (24% short term capital gains + 15% self-employment tax), leaving me with roughly $36k after-tax profit. 36 - my 18 invested leaves me with 18k increase to my net worth.

15 May 2024 | 7 replies
I have a clause that authorizes me to contact that person in case of "death, incapacitation, or incarceration" and work with that individual to coordinate removal of belongings, payment of rent, or even a refund of deposit.When someone dies alone, there is always a police investigation to ensure no foul play.