
29 April 2024 | 23 replies
In addition to what others have said.I think the temporary buydowns make the most sense right now. 2/1 buydown was already mentioned, there's also the 3/2/1 and just the 1 as (rarely used options).I think the big advantage right now is the furniture and remodel budget.

30 April 2024 | 9 replies
Hey @Amir J Reichental, There are small pros and cons to this: Home Address:Pros:Privacy: Providing your home address keeps your personal information private, as it's not tied directly to your business.Convenience: If you're already receiving mail and other communications at your home address, it may be more convenient to keep everything in one place.Cons:Risk: Using your home address exposes it to potential risks associated with the property owned by the LLC, such as lawsuits or creditors targeting your personal assets.Tax Implications: Depending on your jurisdiction, using your home address could have tax implications, especially if you're claiming any tax benefits or deductions related to the property.LLC Address:Pros:Asset Protection: Using your LLC address helps separate your personal assets from your business assets, providing an extra layer of liability protection.Business Image: Using the LLC address for business-related documents can help establish credibility and professionalism for your company.Cons:Public Record: LLC addresses are often part of public records, which means they may be more accessible to anyone who wants to find information about your business.Mail Handling: If you don't have a physical presence at the LLC address, you'll need to ensure mail forwarding or a reliable method of receiving important documents.Ultimately, the decision depends on your specific circumstances and priorities.

1 May 2024 | 10 replies
For example, let's assume that like-kind assets in a specific market are trading at a 5% cap rate.

1 May 2024 | 15 replies
I may not be the best person to answer your specific question since I haven't used Cozy or Avail and I'm not familiar with those systems.

1 May 2024 | 5 replies
Part of this still depends on what your specific strategy is and what you are looking for.

30 April 2024 | 4 replies
If your contract said you were using a specific lender and you switch then depending on how its worded your contingency might be nullified because you can't be denied by the lender stated on the contract.

29 April 2024 | 7 replies
Let's say the house you're looking at is 175k. 225k - 175k = 50k. 50k is what you have for a budget if your purchase price is 175k.

29 April 2024 | 0 replies
The property needed extensive renovations - our budget is $115k.
2 May 2024 | 17 replies
When I feel like I have enough new info about\experience with the company that is worth posting an update, I may post an update.Thanks OCF team for starting my RE investment journey.Thanks,AhmetHi Ahmet, could you go more into specifics on the financials of either of these purchases?

30 April 2024 | 27 replies
If you want a better output you can always add more details.Potential Improvements:You could specify the types of properties (residential, commercial, etc.) or the size and diversity of your portfolio to receive more tailored advice.You could provide information about your company's specific objectives or values for a more aligned recommendation.If you have preferences for how you'd like the scoring or rating system to be (numerical, grade-based, color-coded, etc.), that could be included.If you have had previous experiences with property managers that you found particularly beneficial or problematic, including those could provide context and help tailor the advice more specifically to your needs.If there are particular areas you are concerned about (legal issues, maintenance, tenant relations, etc.), emphasizing these could provide more detailed and relevant advice.