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21 August 2024 | 94 replies
How long will it take you to piece together the information you need to be successful?
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19 August 2024 | 4 replies
Generally if you are looking at a rate-term refinance (i.e. less than $2000 cash-out or just refinancing into a long-term lower-rate loan but same loan amount) then you should be fine - if looking to cash-out on the refi - generally will need to wait six months of seasoning however there are a few lenders that will do cash-outs at the 3 month seasoning mark
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21 August 2024 | 3 replies
The worst ones usually don't have any clear cut guidelines (a lot of the underwriters will make up their own rules if they do not like the deal), Suck at communicating (will reply days later), Push aggressive terms to get deals in and then switch them, and Not really motivated to get things done (they will adverse a loan without any hesitation).
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19 August 2024 | 12 replies
I'm looking to invest in rentals (long and short) and flips.
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21 August 2024 | 7 replies
Do not put rental properties in an S Corp.Generally, you should have an S Corp for flips, property management operations, commissions and any other activities that generate ordinary income.Passive investments should be held in pass-through entities like partnerships.I'm not an accountant, but I have clients and personally had to pay taxes to move long-term holds out of S Corps just to change title (e.g. for refinancing).
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19 August 2024 | 2 replies
Figuring out who my target group was helped me get the right investors and form long-term partnerships.
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21 August 2024 | 13 replies
Hello Michael,So how long ago did you buy the property?
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22 August 2024 | 7 replies
She seems like she may be in it for the long run, though, so keep documenting everything you can.
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21 August 2024 | 1 reply
Hello, hope this isn't too long of a read, but I was curious what everyone thought about this situation: During turnover, rather late, I noticed the tile of the shower was cracking along the grout lines, and I noticed it had some give when I pressed the walls.
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20 August 2024 | 11 replies
I am not familiar with that market but if as long as the numbers, property and tenants make sense, you'll be doing well.