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28 March 2024 | 7 replies
Typically I will use a FL land trust to a FL LLC that is held by a WY LLC for anonymity.
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27 March 2024 | 4 replies
Those deals are typically in the multi-million range and the loans are typically non-recourse which changes the profit at a lower percentage and it changes the risk as being non-recourse.
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28 March 2024 | 16 replies
For example, a $1 million policy could have an initial commission of $50,000 to $100,000, significantly impacting the policy's cash value in the early years.Limited Access to Capital: Accessing the cash value requires taking out a policy loan, which accrues interest, typically at a rate of 5-8%.
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28 March 2024 | 27 replies
Ain't that the truth...Flogging any property off the MLS just to get a commission.Referring a "trusted" contractor for the rehab that kills you on price (Receive illegal kick back).Refer a "trusted" property management company that's "investor friendly" and that nickel and dimes to death (Realtor receives referral fee)
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28 March 2024 | 7 replies
remember your first home is not your forever home, it's your first rental so it doesn't need to be everything you want.look for homes where the bones are good, but cosmetically needs love. don't by pre 1960 if you can help it. you'll end up just having to replace all the guts like plumbing and electrical at some point. it's inevitable. look in areas where the path of growth is headed, but might not be currently. think 5 years out. look for resources like your local chamber of commerce to see what businesses are coming in and where. your city planning office should also be on your call list as they can help show where most permits are being pulled for development. follow the money. go to local investing meetups. crowdsource local knowledge and form meaningful relationships. those who've gone before you typically will help out and help you avoid the mistakes they've already made. onward.
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26 March 2024 | 7 replies
Can I market and receive the rent amount HUD says is the FMR?
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28 March 2024 | 28 replies
(Other than the fact you have to reinvest all cash received obviously.)You also know that a personal residence can’t be 1031’d unless it was also a rental before sale, so the $250k exclusion wouldn’t apply unless it was both a primary and a rental.
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27 March 2024 | 2 replies
Hello everyone,I am currently seeking advice on the best way to conduct/ pursue a small claim/collection on a property that I invested in but never received the R.O.I.
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27 March 2024 | 2 replies
I received a promotional email from Anchor Loans.
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27 March 2024 | 9 replies
My accountant does not typically deal with real estate investors, so she does not have a standard spreadsheet available.