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14 April 2024 | 4 replies
They want to buy the home from me but are running into issues with debt to income ratio, so not eligible for FHA.
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15 April 2024 | 5 replies
Vinny - I would say that if you're next deal will be a BRRRR you have a couple options for finding the funding, including: 1) Taking a HELOC on your primary house assuming that when you refinance you'll payoff the HELOC, 2) You can also use a loan from someone else like a private lender (friends/family) in which you pay them 10-12% for the use of their funds, OR, 3) You can use a hard money lender in which the rates are a bit higher and there will be some points added as well.
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15 April 2024 | 8 replies
They can't keep them all due to debts or other personal reasons.
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15 April 2024 | 1 reply
If you mail, be sure to mail to the correct address which can be found on the instructions (first result on google if you google "form 4868")If a payment is due with any of the above, you can include a check with your mailed form, or you can pay directly through the IRS DirectPay system and select "extension" as the reasoning for the payment.
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15 April 2024 | 1 reply
These are going to be included in our full local real estate developer course that we are targeting a launch of in July 2024.
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15 April 2024 | 2 replies
It includes everything from call management to analytics and monitoring.
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16 April 2024 | 10 replies
It's important to be aware of the risks involved, including unfamiliarity with the market and potential travel costs.
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15 April 2024 | 9 replies
.- It needed a community face lift and re-brand (was called windmill apartments....yuck.)We came in and strategically worked our business plan:- We upgraded the exterior including fresh paint, signage, and landscaping.- We removed delinquent tenants and changed the community standards around to provide a safe and clean place of living.- We've upgraded 75% of the units with fresh flooring, paint, cabinets, countertops, and appliances as needed.When we took over the property the 16 units were producing around $9000/month in gross rent.I just checked our rent roll today, and we just crossed $17,000 in gross income monthly!
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14 April 2024 | 4 replies
Quick searches include terms like Joint Venture and Contractual Agreement.
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15 April 2024 | 19 replies
He's here this weekend for actually two days: Friday p.m. from 3 to 6 he'll be talking about using QuickBooks in your REI business and Saturday from 9am to 5pm he'll be talking about building your entity structures for tax advantage, asset protection and estate planning, including how to pay your minor children without also having to pay SUTA, FUTA, FICA, etc. for them.I can't do this justice not being a legal / financial professional, but from what I remember, you DO NOT WANT to pay them out of an S-Corp or an LLC.