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22 August 2024 | 10 replies
When there is a recently acquired long-term rental, lenders can simply throw in the lease agreement and use 75% of the rental income from that, but on a short-term rental, there is no lease agreement, so the only way to document what the actual cash flow is, is by using Schedule E of your most recent tax return filing.
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21 August 2024 | 23 replies
, but I do have 830+ credit, cash, solid income, and no debt save for a new vehicle that I can very easily afford.We do need to buy our primary residence in April/May 2025.
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21 August 2024 | 13 replies
From my knowledge there is only two options HELOC or CASH OUT REFI no?
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19 August 2024 | 0 replies
IN RETURN, I AM WILLING TO OFFER 60% OF MY SHARES FROM OUR REFINANCE CASH OUT PROCEEDS WHEN PROJECTS COMPLETED IN 6-12 MONTHS.Preferably experienced investro from Utah will be a bonus but will consider all....If you're interested please text or call me at my direct number asap (415)483-6120.
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21 August 2024 | 4 replies
But on certain evictions of the owner after foreclosure (with no tenants involved), I've felt it's ok to use an eviction service to handle the paperwork.
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21 August 2024 | 10 replies
I only have student loan debtI have a full-time remote jobI have no prior experience in real estate investingMy credit score is high 700'sHere are the details about the property in Zenda,WI:Asking price: $235KIt’s being sold by out-of-state heirsIt needs at least $50K in repairs and updatesThe neighboring house recently sold for $235K (though I don’t have details on its condition before the sale)A family friend who owns a construction company assessed the property and noted the following:Replacement Needed: Furnace, Water Heater, Water Softener, Floor (concrete replacement needed due to unevenness), Roof, GuttersUpdates Needed: 1.5 BathroomsConcerns: Black mold and water leak marks upstairsRemodel Suggestion: The staircase is very steep and narrow; recommended to relocate and extend it into the living spaceAdditional Work: The property slopes downward, allowing rain to flow into the house.
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20 August 2024 | 8 replies
No traditional lender on the planet is going to fund that quickly: You should expect 30-45 days to close.2.
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21 August 2024 | 7 replies
There is no need to double nest with Wyoming LLCs; same-state LLCs sometimes offer more protections.
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19 August 2024 | 4 replies
I'm also using my own VAs to manage my cold calling (communication with buyers and sellers), admin tasks, and social media.