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24 April 2024 | 18 replies
@Patrick HancockLLC's are not free and there are costs associated with LLC1) Formation costs - potential attorney fees and setup fees with the state2) Registered agent fees if the LLC is not in the state that you operate out of3) Annual fees to keep LLC active4) Bank feesThere are also additional administrative burdens with having so many LLC's.
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22 April 2024 | 6 replies
I suspect you will get direct messages from a few who will propose helping you secure a $50K line of credit, help you buy a home in the lowest barrier neighborhoods in Philadelphia and then help secure a section 8 renter.
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21 April 2024 | 17 replies
Here's what I did: - I contacted many of the Hard Money Lenders found here on BiggerPockets, and asked them if they had a credit fund and were accepting LP investments. - I learned, through the course of these discussions that these funds are wildly different. - I created a picture of a fictional "perfect" fund that met all of my criteria. - Because nothing really came that close, I ended up just buying notes directly.
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24 April 2024 | 13 replies
I don't want to ruin this lady's credit or anything but I also don't want to get played.
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23 April 2024 | 5 replies
Major work will be done by licensed GCs where we will be "additional insured".
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24 April 2024 | 10 replies
I provided a small rent incentive ($150) toward the purchase of their lawn mower and then later an additional ($100) toward the purchase of a week wacker.
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23 April 2024 | 1 reply
Additionally, there will be a 20% annual increase in taxes every year until 2029, at which point they are expected to stabilize at their maximum rate.What would the "full potential" tax amount be in 2029?
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23 April 2024 | 5 replies
DSCR Loans are going to be standalone 1st liens too (in addition to can't be used on a primary) - you should look into a HELOC or closed end second potentially
23 April 2024 | 28 replies
Even the top batch services like Batchskip and REIskip use credit data which has 'suggested / probable' numbers.
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22 April 2024 | 11 replies
By then they run the credit and there is a hard pull on the credit report making my fico score drop and then them saying "sorry" the next day.