26 December 2022 | 14 replies
Your LLC use to avoid DTI is just hot breath from someone who either is unaware of the conventional lending guidelines or is purposefully giving bad advice.
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30 December 2022 | 26 replies
My market, for example, is littered with multi family homes so, if viewing for investment purposes, it would rarely make sense to buy a single family (unless you planned to add value by converting it to a multi fam).
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5 December 2022 | 2 replies
We always include property management even if we do not use it as it’s important for resale purpose.3. 5% interest rate seems low - you have that confirmed4.
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2 December 2022 | 9 replies
That would take a lot of cash which could defeat the purpose of the VA loan in the first place.3) Stay away from any D class areas and buy C class areas or better. 4) Minimize and avoid top mistakes newbie multifamily investors make = buying in bridgeport, hartford, waterbury and expecting prices will appreciate that fast so that you can buy them quickly.
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5 December 2022 | 2 replies
I'd also set aside 3 to 6 months of mortgage payments for emergency purposes.
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19 December 2022 | 6 replies
Good insurance is always the first line of defense.Second, the primary purpose of having an LLC is asset protection for the members, but that only works if it's treated like a company.
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9 January 2023 | 14 replies
If you're trying to close in an entity for say, investment properties, alternative financing and business purpose loans will allow you to close in a LLC.
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24 November 2022 | 8 replies
Not offering legal advice becuase I am in fact not a lawyer but I was in a situation where a realtor also dropped tha ball when I was first starting out and my attorney said if I end up in a lawsuit the realtor's brokerage has insurance for this purpose and we would name the insurance as a party in the lawsuit and they would handle it that way.
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6 November 2022 | 7 replies
@Bryce Hammill You make a good point about the hospital, but my mother also works there and she explained that it would still be used for medical purposes, but could just not be a hospital after 2030.
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3 December 2022 | 12 replies
Highly doubt your broker will let this happen, and I would also ask what the purpose is for not listing in MLS?