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25 March 2024 | 7 replies
Is there a specific property or strategy you’re going for?
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26 March 2024 | 39 replies
Every market is different, and I won't speak to Cleveland specifically, but for my clients in Chicago, a house hacking strategy is often more about appreciation.
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26 March 2024 | 22 replies
Just a quick question for the forum's sake... do lenders take into account specific job titles/responsibilities when decision making?
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25 March 2024 | 28 replies
I don't know about you, but in 30 years I'd rather be sitting on a million-dollar asset that I own free and clear (because someone else paid it off for me) that is generating multiple, multiple times the rent I was collecting when I first acquired it and in which I can fill a vacancy with a qualified tenant within two weeks because the area is so desirable that it can't keep up with housing demand than on some boondocks asset that I only purchased because it was the cheapest thing around and "cash flowed" $200 per month on paper but barely appreciated over the years and whose rent appreciation has marginally kept up with inflation and takes me three months to fill a vacancy with a "qualified" tenant who even then might get behind on rent because his hours were cut at the gas station 30 miles away (true story; my tenant worked at a gas station in Boron--only job he could find).Personally, I'm keeping my 4-unit in Santa Clarita and investing in development deals and notes until an incredible off-market deal lands in my lap (keep dreaming, Logan) or the SoCal market cools.
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25 March 2024 | 8 replies
Perhaps you can find one willing to take on the project, someone who really understands your specific concerns.
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25 March 2024 | 6 replies
Many Commercial lenders are not licensed, since there is not a specific license to originate 5+ Unit Commercial loans.
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24 March 2024 | 3 replies
I'd consider utilizing the tax experts option on turbo tax if you have any specific filing questions.
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25 March 2024 | 8 replies
So I’m buying, adding capital improvements that are specific to aviation operations, then selling the hangars to the avionics company.
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25 March 2024 | 5 replies
.- every investor reaches a point where their DTI is trashed and they have to move into different loan products. there are tons of lenders out there that specifically work with REIs & have many ways to navigate this. don't let DTI concerns keep you from moving forward. - LLCs provide minimal legal protection in case of an incident. work with an asset protection attorney to come up with a better plan if they are that concerned. also have great insurance and an umbrella policy.
24 March 2024 | 11 replies
I do like the more expensive markets like because of the higher dollar margins and stronger appreciation.