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23 June 2024 | 7 replies
Great tenant, really sad we still live in this era.The third tenant was an older lady whose only income was limited social security, but she had some savings.
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21 June 2024 | 21 replies
This can also provide liquidity and steady income.6.
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23 June 2024 | 2 replies
Sell as a seller finance with 10% down and charge about 8% interest increasing the monthly income. 2.
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23 June 2024 | 1 reply
They expect to not qualify on a loan (since income is likely too low) so my siblings and I want to cover it.
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23 June 2024 | 38 replies
We have them, and also additional fire protections such as a fire ball and a fire blanket.
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22 June 2024 | 21 replies
(You must complete the sale before 3 years passes from your move out date, so it can’t be a rental for 3 years.)So…If you have a large capital gain that will become taxable when their lease expires (both federal and state income tax) you pretty much have to sell before that date or not for at least 10 years just to break even with selling now.
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23 June 2024 | 10 replies
Most commercial loans are based on income.
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23 June 2024 | 67 replies
An outsized percentage of them are guys who never quite made it in the trades and decided to get their home inspector's license to supplement a not-so-steady income from other sources.
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23 June 2024 | 7 replies
Simply, a percentage of the profits; so only AFTER the investors get their investment back + a “preferred” return of usually 6-8% annually.Here is how our equity (as opposed to our debt/loan/notes) syndications are set upwe as syndicators get a either a 3% broker fee or 3% acquisition fee at purchasewe get a management fee competitive with outside managementwe get 10% of gross rents as ASSET management feeonce investment is liquidated we receive 15% of proceeds ABOVE or AFTER investors receive their capital returned plus 10% annual calculated income including any distributions of earnings.
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22 June 2024 | 2 replies
Hey Carter,Renting to a Section 8 tenant on disability can provide stable and reliable income since the government pays a significant portion of the rent directly to you.