Graham Lemly
Financing Strategies for house I want - Hard Money, Rehab or Conventional?
4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
Nate McCarthy
How to approach landlord about buying their rental?
13 January 2025 | 12 replies
This will give you clarity on the numbers and help you determine how to structure an offer that works for both sides.
Moshe S.
1031 my portion or total sales price
16 January 2025 | 7 replies
If you plan to invest in a syndication as a limited partner (LP), ensure the structure allows for direct ownership in real estate (e.g., through a Tenant-in-Common (TIC) agreement), as partnership interests are specifically excluded from 1031 exchanges under IRC 1031(a)(2)(D).
Benjamin Carver
Building an ADU in Raleigh NC: Here's What You Need to Know
6 January 2025 | 8 replies
Detached: A separate structure like a tiny house, guest house, or mother in-law suite in the backyard.2.
Lacey A.
Rent to Myself
15 January 2025 | 3 replies
,Renting your primary home back to yourself isn’t typically allowed by the IRS for tax purposes, even if structured through an LLC.
Cody Caswell
FHA Loan for Primary House - Full Time Real Estate Investor
5 January 2025 | 7 replies
There's a very specific ways to calculate FHA income, and it will be highly dependent on how the deal and your ownership is structured.
Kristi Kandel
Resources to Help LA Communities & Families Rebuild After Wildfires
13 January 2025 | 4 replies
Another factor is that insurance coverage is only for the actual building cost to rebuild the structure.
Deja Clark
How to Structure Land Deals?
14 December 2024 | 5 replies
How would you structure this deal to make it work for a single family home build?
Kevin M.
Condo Investment in NYC
7 January 2025 | 12 replies
If you’re set on condos, ensure you’re targeting areas with strong rental demand and minimal HOA restrictions.Regarding an LLC, it’s great for liability protection, but it won’t necessarily give you tax benefits unless structured strategically.
James Sills
Where to start
15 January 2025 | 3 replies
Start by deepening your understanding of CRE fundamentals, including net operating income (NOI), cap rates, and lease structures like triple net (NNN).