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22 July 2024 | 12 replies
Keep buying SMART.There are literally TRILLIONS of cash dollars laying around in the BIG BANKS, businesses, etc.
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22 July 2024 | 3 replies
Brea - Wholesaling is an excellent way to get into the business.
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22 July 2024 | 12 replies
Or is this specifically for the Rental, meaning that it is a business policy?
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24 July 2024 | 22 replies
Just to give you some background, I'm pretty busy (and loving!)
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23 July 2024 | 6 replies
This land was also acquired through our business so there are 4 separate parties involved that will have ownership and will split any profit or income.Questions - 1.
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21 July 2024 | 9 replies
So in year 6, that same 95k initial investment they made is going to allow them to gain 24k net rental income (and the depreciation is still enough to cover that so it would be TAX FREE), 51k, in appreciation, 11,500 principal paydown = roughly 86k in total return in year 6.So a 95k investment after 6 years would give them an asset that they'd have 539k in equity.
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20 July 2024 | 4 replies
These loans typically have restrictions that prevent them from being transferred to an LLC or other business entity.
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23 July 2024 | 4 replies
LOL I ran a profitable construction business for 3 years so I have project management experience.I have worked in the insurance industry in the past so I'm considering going that route.I want to really focus in Real Estate so I'm also considering getting my license so that way I can work in the same industry I'll be investing in.I also have over 12 years of customer service and banking experience.
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20 July 2024 | 5 replies
Some lenders won't allow it, but there are lenders that do. it is a business purpose loan - you'll need to sign a form stating that you won't be occupying the property and your rate may be slightly higher than if you were to close in an LLC.
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24 July 2024 | 30 replies
Additionally, the cost of living and conducting business is relatively lower in the midwest as well, all resulting in lower property prices and higher rental yields.