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21 June 2024 | 23 replies
Ultimately I like to control my own notes so its not for me personally.
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18 June 2024 | 16 replies
So, yes, each new offering is an opportunity to move to 506(c), but for these established groups with established networks that are limited by good deal flow versus capital availability there is no need to change the process and compliance requirements needed with a 506(c) offering, since the entirety of their marketing and raise will be limited to existing investors and/or referrals.Again, for OPs purpose, it doesn't make finding them easier, admittedly, but to imply that 506(c) equates to better operators is not true in my experience.
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19 June 2024 | 6 replies
Hello Mike, thank you for the reply, you are the right person to listen to.
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19 June 2024 | 4 replies
It's not a great time to refi if you wanted the equity from it, but it sounds like you are going to trade this house to do the same thing again so why not keep it and do the same thing again since you are thinking you might need to go big on your personal residence next?
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19 June 2024 | 2 replies
If you tell them you're a landlord and you own the property but aren't living in it, they should be able to quote you for liability, the house, and a much smaller amount of personal property (appliances like your fridge or stove)
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19 June 2024 | 11 replies
Personally, I think the taxes are high and the services you get for your taxes low there.I know people that invest in Detroit but you must know the area down to the street and have excellent property management.However, I just talked to my CPA today about a referral he was sending me who is a client of his that has 30 rental properties in Detroit and selling them all because the City doesn't really help, charges for everything, and they never have given a security deposit back to a tenant after they stayed because of their behavior or lack of payment.
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18 June 2024 | 10 replies
Personally I wouldn't use Zillow, I can only imagine they want to introduce a future fee for the service.
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19 June 2024 | 12 replies
I had called Audible and ASKED if the CD was available...which means I want the info ON THE CD...and the person I spoke to just said the CD was not available with the audio version...so why not tell me that the information is available ON THE AUDIBLE WEBSITE?
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17 June 2024 | 16 replies
For loan mortgage purposes and if it ever gets sold, other people may not use that same strategy.
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16 June 2024 | 15 replies
The maximum occupancy permitted in a vacation rental unit is two (2) persons per bedroom larger than 100 square feet, plus one (1) person per bedroom greater than 70 square feet but less than 100 square feet, plus two (2) additional persons, or a total of eight (8) occupants, whichever is less.The homeowner must post the required information on the property.