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10 June 2024 | 9 replies
It's because they are building "teams", spending too much time "evaluating" deals online without ever seeing one in person, trying to use other people's money with no collateral, and vetting systems that they have nothing to put into.
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10 June 2024 | 35 replies
Where can I borrow unsecured capital in the name of my LLC with no personal liability?
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11 June 2024 | 1 reply
If you're expecting guests to visit and pay for the privilege, it's best if it's in a location that you personally would visit or an attractive destination. 3.
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10 June 2024 | 1 reply
Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.
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10 June 2024 | 2 replies
I don't contribute anything to this website other than the posts i made about the person charging me.So now I get to go up against someone that has a million dollar lawyer while all I'd be able to afford was a free public defender.I am absolutely having a break down due to this websites inability to care about what their inactions do to people...agreeing to their terms of service when we make our accounts shouldnt give them the right to hold onto all the media if it creates massive problems for us.
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11 June 2024 | 3 replies
As you imply: there is no set standard for "conservative", but my personal POV is we are going to be living with 6% interest rates for a while.
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10 June 2024 | 5 replies
In your circumstances, the owners will 100% have to personally guarantee any loan to the LLC, so this won't be an issue.
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10 June 2024 | 2 replies
Many of us have our own personal set of attributes we look at, such as price per square foot.
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10 June 2024 | 12 replies
The lender I spoke with in the new area said our DTI is the biggest issue, and that selling one of the properties would solve that problem, but selling one house hack for another of a similar price/cash flow isn't something I want to do.Still fairly new to REI so any and all advise is greatly appreciated.If your sole purpose is to eliminate higher payment debt from your personal credit history, a DSCR refinance would work only in the case that the lender you work with is a non-recourse or recourse non-reporting lender.
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10 June 2024 | 9 replies
Search these forums and you can see personal experiences which may give you guidance