
29 February 2024 | 28 replies
Specifically, a HH can substantially lower your living expenses, while increasing your income.

1 March 2024 | 4 replies
A mentor can accelerate your growth, no matter what level you're currently at.
29 February 2024 | 11 replies
Instead of a 2-year balloon payment, you could try to negotiate a longer term, such as 5 or 10 years, to give yourself more time to generate income from the property before needing to pay off the remaining balance.Additionally, you could also propose a lower down payment amount to the owner.

29 February 2024 | 6 replies
You will more than likely get a higher rate then what you have now but its a simple short term loan that you can refinance in 12 months to lower the rate when rate drop next year (which they will).Use the cash for the DP but I would also advise taking out just a little more as a "What if factor" to cover any unforeseen issues or last minute repairs.

29 February 2024 | 0 replies
Yes, I worked with myself, and I highly recommend myself to anyone looking for concierge-level real estate service :)

1 March 2024 | 19 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

29 February 2024 | 6 replies
It depends on if the LLC is a single member LLC or a multi-member LLC.If it is a single-member LLC, it is considered a disregarded entity and reported directly on your individual return.If it is a multi-member LLC, by default, it is considered a partnership.If there is no income or expenses(rare to happen), then yes, no requirement atleast at the federal level.
1 March 2024 | 9 replies
I was able to scale to 4 properties on an entry level income because i was purchasing properties in Sudbury which provided me a high rent relative to the purchase price & mortgage amount.

28 February 2024 | 19 replies
With any flooring, you need to take the time to level the floor underneath.

1 March 2024 | 28 replies
She stated that Fannie Mae capped this to a lower than 75% LTV.