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10 February 2024 | 9 replies
I looked into that briefly but the extra expense of structuring the LLC that way and the interest rate being over a point higher to go that route left me feeling like it wouldn’t be worth it to me.
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10 February 2024 | 7 replies
One more question: How do CPAs usually charge the fee?
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11 February 2024 | 32 replies
Usually takes about 40% down payments to break even with the current interest rates and prices.
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11 February 2024 | 27 replies
(If you are doing a HML you will have to pay some loan points and depending on the terms if you are using a PML you also might have loan points)What about the closing costs when buying the property it seems you left those out, but correct me if I am wrong but for the price of the home you are buying and selling 20k for both the purchase and sale of the home seems a bit lowAs for your rehab budget, I would say you are almost on the money I would say 85k is a good budget to go by which is about $40 per sqft plus extra for that roof and possibly some pest controlAs for your realtor giving you the ARV of 600k, I would ask how she/he got that number and ask for her/him to send you the comps she/he got so you can make sure they are suitable comps.
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9 February 2024 | 24 replies
When you're checking out HELOCs, compare stuff like how much interest you pay, any extra fees, and when you gotta pay it back.
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9 February 2024 | 5 replies
My down payment wouldn't exceed the amount taken out so could cover extra things with the property if needed.
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9 February 2024 | 3 replies
Now I'm the topic of renewing the rental with that person that is late you may want to get an extra month payment upfront to start the new lease.
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10 February 2024 | 6 replies
Typically someone, usually an engineer would have to stamp the plat map with the proposed division in order for it to be approved.
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10 February 2024 | 5 replies
It was bad, but not as bad as this guyFrom Google reviews:I will start by saying that usually I don't post bad reviews even when I need to, in the case of this company and its management I feel obligated to let others know.My first contact with Mousa was in early 2017 after reading those great reviews you all see here, during that year we have purchased from this company 4 properties and had them manage it as well.
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9 February 2024 | 6 replies
What are the usual LTVs on these smaller loans?