Eric N.
How do you do Seller Financing/Sub2 and comply with Dodd Frank/Safe Act ?
23 December 2024 | 46 replies
So if one is going to stack up senior loans and wrap them with owners who cant get mortgages IE sub prime the person doing this better have a boat load of reserves to pay off the underlying when the deals go belly up.. that's the side of the coin that the guru is not going to talk about.
Katie Miller
If you use a CPA or Tax Professional, how did you find him or her?
19 January 2025 | 119 replies
It was a very one-sided relationship.
Marc Shin
how long to complete the BRRRR process?
12 December 2024 | 6 replies
I've personally undertaken BRRRRs that took me 6 months to stabilize but part of that for me is the BRRRRs being an out of state side hustle I suppose.
Alex Silang
What drives you to aim to attain super wealth?
28 December 2024 | 23 replies
Although we do have deals on the lending side that dont work but we are not forced into a position to take big loss's like we were when the banks were calling our loans.. this will happen in the DSCR world as all these folks are using same type of debt IE debt that can be called based on the terms of the debt or like you have seen with the syndicators that are talked about on BP max leverage bad debt things dont go right And you have cap calls or projects totally lost.
Craig Sparling
Chicago vs the world: Forgone opportunities?
13 December 2024 | 18 replies
I do not agree with others that the north side is overpriced.
Michell Chase
Inherited tenant on purchased property - seller didn't collect security deposit
12 December 2024 | 3 replies
(and on the flip side the tenant can surely say they paid it as per the lease and even though I didn't receive it on purchase he has the lease stating he paid). 2.
Lorenzo L.
First Single-Family Fix and Flip at 21 (NEED ADVICE)
10 December 2024 | 2 replies
There will be some customary fees that hit seller side, but this is may vary state by state.On both buy and sell, you will have things like wire fees, maybe underwriting fee, etc, but these tend to be minimal.Holding costs: HOA, if you have one.
David Mile
WHAT IS A 1031 EXCHANGE AND HOW DOES IT WORK?
16 December 2024 | 2 replies
But the few requirements pale along side the power of using all of the profit and depreciation youve taken and use it to buy new investment real estate.
Brett Siegel
Aspiring Real Estate Investor Ready to Dive In – Advice Welcome!
12 December 2024 | 4 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.
Hussain Harun
Switching FROM Quickbooks to other accounting sofwares (Xero, Freshbooks)
15 December 2024 | 25 replies
I have been using Xero and Quickbooks online side by side for a few months and Xero seems just as robust.