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29 December 2024 | 13 replies
Starting out, I would try to take equity from your primary/another property using a HELOC, borrower against a 401k/retirement account, or partner with someone that has cash.
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31 December 2024 | 418 replies
I also asked if there was accounting I could see that shows my share of the equity as a whole?
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23 December 2024 | 24 replies
This could be a great way to get started as you'll be at the property everyday and by living in the property not only will you be there firsthand to oversee the work being done, but you may also find new potential issues while living there.If you're looking to do this, I'd recommend a 203k loan to purchase the property and get some rehab funds. you'll just need to live in the property for a year before being able to lease it out to a tenant.
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23 December 2024 | 13 replies
@Jake AndronicoI’ve looked into them but have never executed one.Let me say they will be expensive and complicated.I think what you will find if one is trying to defer $50,000 to $100,000 in gain, it’s not going to be worth the time and trouble.On the other hand, if client is trying to defer gain of $500,000 to $1,000,000, it’s worth the time and trouble.I use First American Exchange for my own account a dozen times and they have been right on the money.Google them and reach out.Arn
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9 January 2025 | 46 replies
Well one thing that is interesting in regards to Earnest Money is that you take a place like Ohio, I'd imagine it's the same in Oregon but in Ohio the Division of Real Estate regulates the activities of real estate brokerages and their trust accounts but the Division of Insurance is who regulates title companies.
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2 January 2025 | 15 replies
Hi, Jaycee The deal makes sense for me after accounting for all expenses including vacancy, cap ex, and repairs.
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16 December 2024 | 7 replies
or perhaps a reverse build to suit where the data center operator controls the buildout and the planning etc.I've not been involved in a data center first hand but the central OH market is pretty data and warehouse heavy as far as developments go and to echo the posts here, the power requirements are wild, and the red tape to get that power to the site is often cumbersome.
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24 December 2024 | 2 replies
I’m an out-of-state investor working on building my online presence, and I’m currently running into an issue with setting up my Google My Business (GMB) account.
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27 December 2024 | 2 replies
Remember, you may be tied up in several houses with little cash, so it is important to think of all possible situations.Who is doing the accounting?
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10 December 2024 | 1 reply
In most states all you need is a separate account in a bank in that state.