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27 June 2024 | 1 reply
Our financial support demonstrated our commitment to providing the necessary resources for successful real estate investments, enabling a smooth and profitable transaction in collaboration with our partner, Harvey Boyd.
25 June 2024 | 4 replies
This got me looking into 24 month Bank statement Non QM loans to help my financing.
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26 June 2024 | 3 replies
Here are some steps and considerations for ensuring your LLCs are compliant from a legal perspective:For Your SDIRA LLCs in Florida:LLC Registration: You have filed the foreign LLCs with the State of Florida, which is essential.FINCEN Registration: Registering with FINCEN (Financial Crimes Enforcement Network) was a necessary step for compliance with the Corporate Transparency Act.Ongoing Compliance:Annual Reports: Ensure you file annual reports for your LLCs with the Florida Department of State.State Taxes: Check if there are any state-specific taxes or fees you need to pay for the LLCs.For Your Non-Retirement LLC in Nevada Buying Property in Michigan:LLC Registration:Foreign LLC Filing: Once the purchase is finalized, file your LLC as a foreign entity in Michigan.FINCEN Registration:Corporate Transparency Act: As of 2021, the Corporate Transparency Act requires LLCs and other entities to register with FINCEN.
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27 June 2024 | 41 replies
My biggest hope with anyone that chooses to invest in our area is that they are not only doing it for the financial gain but more importantly as an investment into the community itself.
27 June 2024 | 3 replies
This can be a temporary solution until you find more favorable financing options.Private Lenders and Hard Money Loans:Alternative Financing: Private lenders and hard money lenders may be more willing to offer loans secured by your mobile home portfolio.
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27 June 2024 | 10 replies
Here are some additional activities that count, toward real estate professional and material participation hours.Research market for real estate transaction opportunities; current office market rates; terms of financingMaking offer contracts for properties that you end up buyingNegotiation for acquisition of rental properties that you end up purchasing; including directing due diligence and managing financial projections/business plansObtaining financing for properties that you purchaseProperty inspectionsAdvertisingMeeting with Prospective Tenants/showing properties to prospective tenantsNegotiate, obtain, & review proposals and contracts with vendors (insurance, utilities, etc) for property servicesReview and Negotiate The Terms of Sale AgreementsStaging and Decorating3rd party contractor, vendor, or service provider supervision
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25 June 2024 | 31 replies
Motive: build financial independence.
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29 June 2024 | 17 replies
With the ability to leverage your investment with as little as 10% down, Binghamton offers opportunities in both small multi-family and single-family properties.Moreover, I have a dedicated team ready to assist you every step of the way, including property managers, attorneys, loan officers, and more.
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27 June 2024 | 0 replies
Cons: Property 1 has strong expected IRROption 2) Sell property 1 to pay off a construction loan on property 5 and purchase new SFR -- Pros: Improves cash flow by $1,000 / month, Adds $40k cash to bank account (after $30k loan repayment and $40k SFR purchase).
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28 June 2024 | 21 replies
Obviously our marriage and our joint happiness is so much more important than becoming financially free a couple years earlier.