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15 March 2017 | 8 replies
We just set up an LLC at the advice of my accountant so that our profits (and losses) are handled in one place, receive tax benefits, and come tax season, everyone can easily handle their share of income tax based on our (unequal) division of shares in the property (it's not split 3 ways).
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1 May 2021 | 11 replies
Digital is best for the seasoned sponsors.Again, if you were referring to the advertising as I was thinking about, like SEO or running FB ads or that nature (or even social media posting), it's not going to work at that stage.
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12 March 2017 | 6 replies
Myself and another seasoned flipper and buy and hold guy
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11 March 2017 | 7 replies
All seasoned landlords out there,I have a situation with one of my rental properties, and hope you can share your thoughts how to handle it.I have been reading @Brandon Turner's managing rental properties book, and realize that I don't have a "regular property inspection" clause in my lease.
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26 March 2017 | 5 replies
My wife and I ended up renting an apartment in order to meet funding guidelines as a "seasoned landlord".
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10 March 2017 | 1 reply
Do seasoned flippers ever partner with people like my friend who has no experience?
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10 March 2017 | 2 replies
The plan is to do our own management (one of my mentors is a professional property manager).List Price: $165kAssumed Purchase Price: $150kNeighborhood sale comps: $~240kMaintenance and Cap Ex: 3.5% eachThe idea would be to then season the loan and finance at 80% of market, which based on comps is ~$240k.
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14 March 2017 | 3 replies
you're only issue is that for titles to 'season' you have to wait 6 months before you can APPLY to cash out refi.
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12 March 2017 | 3 replies
Also, everyone says it has to season for 12 months before lending on appraised value.
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11 March 2017 | 4 replies
It depends on price point and how fast things are moving in your market...I stage a few items in the kitchen and bath for pictures...and have some chairs and tables I got at the thrift store ..add bright pillows and a few plants and place on the porch or deck ...again for pictures...I don't do the rest of the house ...