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16 June 2024 | 7 replies
Definitely speak with @Joseph Chiofalo they are NY based.
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14 June 2024 | 30 replies
Try this http://www.nortridge.com/nortridge-loan-servicing-software.shtml
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16 June 2024 | 11 replies
I found one here that I've been using since getting started in real estate investing last year:http://www.fastbusinessplans.com/business-template...It already includes the Schedule E categories that you'll want to use, and has a summary page at the front that autopopulates based on the info you enter for each month.
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14 June 2024 | 14 replies
Base things like heat on the relative sizes of the units and water on the number of people living there.
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16 June 2024 | 16 replies
Here are some side hustle ideas that can be managed alongside your full-time job:- Freelancing: Use platforms like Upwork or Fiverr to offer services such as writing, graphic design, or financial consulting.- Real Estate Agent: Get your real estate license and help others buy/sell properties on weekends or evenings.- Tutoring: If you have expertise in a subject, offer tutoring services.- Ride-Sharing/Delivery: Work for companies like Uber, Lyft, or DoorDash during your free time.- Online Store: Start an e-commerce store on platforms like Etsy or Shopify.- Investment: Look into stock market investing or peer-to-peer lending to grow your savings.Summary1.
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15 June 2024 | 4 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
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14 June 2024 | 2 replies
However, wouldn't that fee be based on how much you escrow?
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17 June 2024 | 9 replies
We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!
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14 June 2024 | 2 replies
.- Technology: use of data analytics that can lead to more informed investment decisions, and integrating innovative technologies to improve operational efficiencies as well as improving tenant & investor experience- Strong Investor Relations: consistent, ongoing and transparent communication and educational opportunities for investors, including a peek behind the curtains inviting them to the office for events and internal investment committee meetings- Customer-Centric Services: customized solutions to meet specific needs and interests of various investors and full-service offerings from brokerage, property management, leasing, to funds/syndication opportunitiesWhat else did I miss?
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14 June 2024 | 5 replies
Also, no receipts had been provided to the tenant because we haven’t had the cleaning service done yet.