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Results (10,000+)
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?
Greg Strunak Cash flow/ passive income
30 December 2024 | 6 replies
If you are sole member LLC you just take a distribution from your business account to your personal account.You are likely already reporting the income on a schedule E.
Hai Le Vacating unit at end of lease
2 January 2025 | 1 reply
Rental Property is located in Upstate NY in Oneida County.I have a tenant who is currently scheduled to have their lease end at the end of February; they will have only occupied the unit for a year at the end of their lease.I'm not looking to extend their lease and would like to have the unit vacant upon lease end.
Gregory Chadwell Anyone use APPFOLIO?
7 January 2025 | 6 replies
The reason for this email is that we need to schedule a call with a representative about our direct deposits to our bank account, we keep having the same problem every month.
Katherine Lewis Success w/Marketing to Special Occasion Groups?
13 January 2025 | 5 replies
If you provide any kind of substantial services like catering, car service, etc you will change you tax situation and no longer can file under Schedule E.
Michael Long Investing Cleveland, OH area
9 January 2025 | 10 replies
The rest, put you on near-worthless drip campaigns, don't understand calculating the offer price based upon rents - property taxes - insurance - MNT & Vacancy percentages, etc.DM @James Wise to schedule a chat with him!
Jorge Abreu 📅 Critical Dates: Timing is Everything
6 January 2025 | 2 replies
You're totally right—making a schedule with all the important dates on it is very helpful!
Karen Smith The Rise of Private Lending: What's Your Experience?
13 January 2025 | 12 replies
Feel free to send me your preferred contact details or schedule a time that works for you.Looking forward to connect! 
Mindy Jensen Contractors: If I Buy Materials, Do You Still Need a Downpayment?
31 December 2024 | 66 replies
Most folks divide up the schedule into four categories.
Jessica Kiely New rental - attracting a qualified tenant
30 December 2024 | 8 replies
This email gives people yet another opportunity to self-select out of the application process based on my expectations and criteria before an actual showing in scheduled