
30 April 2024 | 43 replies
I make $120k - $150k per year and am based on the west coast.

29 April 2024 | 3 replies
Debt is not taxable income, so there should be no taxes due.I'm no lender, but you will need an asset-based loan like DSCR (debt service coverage ratio).

30 April 2024 | 2 replies
Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,

29 April 2024 | 22 replies
But after the first few weeks the listing is going to drop since it won't be "new" anymore and bookings may also drop.

1 May 2024 | 16 replies
Each structure has its pros and cons, so it's essential to evaluate them carefully based on your individual circumstances.Ultimately, navigating the transfer of a property to an LLC can be complex, especially when dealing with mortgage lenders' policies and requirements.

30 April 2024 | 18 replies
Keep in mind these numbers are rough and based on my memory of the few owners draw statements I've seen a few times and it's really a basic quite, two queen beds.

1 May 2024 | 30 replies
Those should go all the way down to the base plate.

1 May 2024 | 14 replies
Based on the recommendations in this forum, I got quotes from Proper, CBiz, and Foremost.

30 April 2024 | 2 replies
Ideally, my buyers are fully employed and financially liquid foreigners - be it from the US, the UK, central and northern Europe - either a single person or a couple with 0-1 kids, looking to live there right now, rent it out as an investment and then sell it, or use it as a future base for retirement.

30 April 2024 | 8 replies
They have to large military bases that leads to a high number of individuals looking for LTRs.