Brooke Dyer
Investing in Residential Construction?
21 May 2024 | 8 replies
However, the largest line item in any new home construction cost for this type of home is the Builder, followed by the framing package and then the foundation system.
Ruth Lyons
Inspectors killed my deal -- 3 times, Any advice?
23 May 2024 | 52 replies
hahaSorry though, about the unortunate line items you seem to be encountering
K James
ADU Project - Spend $30k On New Sewer Improvements Or Install Sewer Injection Pump?
19 May 2024 | 8 replies
we were only 10 days over schedule (we allocated just under 2 months) which is remarkable considering the various issues we encountered and the size of this rehab (we removed 4 walls (including a load baring), added 1 wall, added new bathroom, redid kitchen and existing bathroom layout, (new locations on shower, toilet, and vanity) removed a door, added 2 windows, new flooring throughout, and added an eyebrow porch.
Cameron Woodward
Creating a contract for house hacking
19 May 2024 | 1 reply
You can buy the package off BP for 100$ if you're just looking to get something.
Kevin S.
Question on Checkbook IRA
17 May 2024 | 13 replies
I read that companies offering a checkbook IRA LLC set up package cost more than that set up by an(my) attorney or CPA.
Bukka Levy
Using business credit cards to fund buy and hold. Help?
21 May 2024 | 53 replies
In the commercial & private money world its all fair game and case by case.Use of credit cards to purchase properties to acquire/capture equity, create, cashflow, provide additional tax shield/benefits against your income, and improve your real estate investing venture is definitely one way to go about it but it should not be the sole method since there are risks like many have mentioned above.If you're using business cards (linked to your FEIN - federal employer identification number) and it doesnt report to your personal credit then it might be more prudent credit wise because your Fico scores won't tank when you max a business card out versus a personal credit card (drop of 80-100 fico pts temporarily till you payoff).So with prudent timing (funds seasoning), knowledge of how to maintain your ficos so you still qualify for your cheaper conventional money, and how to use the cards to purchase can definitely expedite your REI journey.Most people I encounter would not have the know how to do it correctly as I see plummeting fico scores, in ability to qualify, and many other issues with using cards to invest on a weekly basis.Best of luck,
David Chwaszczewski
Setting up a eQRP vs. SDIRA
21 May 2024 | 138 replies
This creates a trust as part of the IRS-approved plan document package and you would not have to take additional steps to pair your plan to the trust (other than executing the signature pages of the documents).3.
CJ T.
Buying in Your Own Name & Building Business Credit w/ an LLC
20 May 2024 | 19 replies
it takes years to build credit with an entity. find a portfolio lender that allows you to buy in llc with you as a guarantor. they will stop the guarantor after you get enough leverage in the package.
Troy Parker
Professional Painter or DIY?
20 May 2024 | 32 replies
One of the biggest mistakes I encountered in years doing remodels and builds was when a customer wanted to do their own painting to 'save a few bucks'.It was a disaster - every. single. time.A pro painter is a huge plus to the finish fit and feel of any project, they are just too good.
Lynn McGeein
Covenants vs Newer Rules & Regs: Which Prevails if Different?
19 May 2024 | 6 replies
Thank you, I've previously requested a copy of the new Rules & Regs, and now have also submitted the request stating I need them even if I need to order and pay for a whole resale disclosure package, although that shouldn't be required for a long-term owner who just wants the Rules & Regs