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13 March 2024 | 4 replies
I have a listing for one that I think could be converted into a duplex plus a small mobile home park, but I don't know the clearance for services and the dwellings required in Texas.
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13 March 2024 | 6 replies
Put out signs and lockboxes for realtors.Cold call for a realtor or investor.Create a handyman or property preservation business.Become a notary, so you can close real estate transactions.Go to work for a courthouse data service, so you're looking at and recording the posted data for them.Work for an apartment complex leasing apartments or doing maintenance.Work for a property manager doing make ready.Do anything and everything in construction.Become a home inspector willing to work weekends.Work as a sales rep or helper for a builder.Probably all these positions could use someone that wants to work nights and weekends.
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12 March 2024 | 105 replies
Forcing taxpaying US citizens to hand over their hard-earned dollars to build free housing for non-citizens is just wrong.
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13 March 2024 | 2 replies
I would highly consider using a reputable company and opt for a Debt Service Coverage Ratio (DSCR) loan for a rental property for several reasons.
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13 March 2024 | 13 replies
For example, there are plenty of people, including accountants, trying to sell their services on BP (granted with various competencies...).Even if you did a "sales" job, there is still paperwork and analysis to be done.
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13 March 2024 | 9 replies
One advantage you'll have over people doing a regular FHA purchase loan (non 203k FHA rehab loan) is that when you go towards purchasing a 3-4 unit property and have to deal with " FHA Self Sufficiency," Rule you'll be able to use future market rents that are appraised on with after repair rents (way higher than your acquisition rents probably).This makes it easier to make your FHA loan qualify especially if you buy a good deal that has big rental income upside (your proforma future rents are way higher than your acquisition entry rents).FHA SS rule is required to qualify a FHA loan when its a 3-4 unit property, this doesnt apply to 1-2 unit FHA loans.Even on 203k FHA loans you'll need to meet FHA SS rules (3-4 unit applies to).
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13 March 2024 | 5 replies
Any cash or other non-like-kind property received during the exchange will be subject to capital gains tax.To accurately determine the cost of the replacement property for tax purposes, it is important not to make any assumptions.
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13 March 2024 | 16 replies
Where the materials are great, but the workmanship in putting it all together then becomes more important (because the materials are already a non-worry element).
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13 March 2024 | 8 replies
Most of our business is non-203K renovation loans...both for consumers to occupy and for investors.
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15 March 2024 | 214 replies
Meetups in this area are non existent so I was really hoping to get something setup a bit closer than North Dallas.