Sara Holt
First timer getting creative??
12 January 2025 | 1 reply
In addtion when the net investment property is ready or on the ARV you can do the same thing pull cash out and pay off the original amount and use the rest for another down payment.
Julio Gonzalez
Asset Classifications for Cost Segregation
7 January 2025 | 6 replies
I do have a small shop with equipment that I use exclusively in fixing my rentals.
Bruce M.
Large RV or Boat - Tax incentives, Tax strategies
13 January 2025 | 7 replies
Looking for various tax strategies to reduce the reality that a large RV or boat is a grossly depreciating assetI would not have a loan, so claiming it as a primary or secondary residence and claiming the mortgage deduction is not applicable.I sold my primary residence and I have several rental properties which I use as I'm fixing them up.What I'm pondering is living aboard and working aboard developing a new product, while traveling.
Anade Davis
New Member Intro from Houston Texas and Florida
3 January 2025 | 7 replies
Definitely focusing on offmarket or even on market multifamily homes (minimum 4 units). started off in real estate development last 2 years but the paydays are brutal building then waiting to sell.So now looking to switch up strategies to purchase cashflowing properties and then get back to ground up construction or even possible fix and flips.
Ken M.
Pro Tip on Subject To - Subto
17 January 2025 | 4 replies
He uses poorly thought through methods, I've listened to his "methods", Thus, he has the high amount of Due On Sale called in a short period of time.
Chris Magistrado
Digging Into the Justice Department’s Lawsuit Against Major Landlords
12 January 2025 | 8 replies
Sec 8 collects data to "price fix" what they will allow.
Jp Coghill
Appfolio On Boarding
11 January 2025 | 1 reply
They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.
Troy Parker
Renting your first rental to a friend
26 January 2025 | 11 replies
When I was younger I spent a large amount on a rehab turned into long term rental, but nearly cleared out all my capital.
David Cherkowsky
Loan Option Advice for House Hack in Alexandria VA
5 January 2025 | 17 replies
Purchase price of the home is $800k.Option 1Conventional loan20% down: $160kPoints: 0Cash to close: $170,092Rate: 6.875%PMI: $0PITI: $5004Loan Amount: $640kOption 2FHA loan10.625% down: $85kPoints: 2.5Cash to close: $120,455PMI: $296.30PITI + PMI: $5,537Loan Amount: $715kWith option one, I am bringing ~$50k more to the table, but my monthly payment is $500 less and my loan amount is $75k less.
Izraul Hidashi
If a Borrowers Promissory Note Funds a Loan Who Is The Creditor?
15 January 2025 | 34 replies
Fact: When banks securitize notes, they can make up to 40x the amount of alleged loan.