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Results (10,000+)
Bukka Levy Using business credit cards to fund buy and hold. Help?
21 May 2024 | 53 replies
In the commercial & private money world its all fair game and case by case.Use of credit cards to purchase properties to acquire/capture equity, create, cashflow, provide additional tax shield/benefits against your income, and improve your real estate investing venture is definitely one way to go about it but it should not be the sole method since there are risks like many have mentioned above.If you're using business cards (linked to your FEIN - federal employer identification number) and it doesnt report to your personal credit then it might be more prudent credit wise because your Fico scores won't tank when you max a business card out versus a personal credit card (drop of 80-100 fico pts temporarily till you payoff).So with prudent timing (funds seasoning), knowledge of how to maintain your ficos so you still qualify for your cheaper conventional money, and how to use the cards to purchase can definitely expedite your REI journey.Most people I encounter would not have the know how to do it correctly as I see plummeting fico scores, in ability to qualify, and many other issues with using cards to invest on a weekly basis.Best of luck,
Samuel Olivas Starting off with no-money / going into first deal with nothing down.
20 May 2024 | 12 replies
Read and learn about screening tenants before you ever make an online listing > the rest is LEARNED FROM EXPERIENCE. 
Wagner Soares Looking to connect to some note sellers
20 May 2024 | 4 replies
They have all been extensively underwritten and they provide the loan servicing for you. 
Brandon Greenplate Multifamily Commercial Conversion Workforce Housing Project
20 May 2024 | 0 replies
Our goal with this was to provide a product that exceeded the expectations of what one might think of as typical workforce housing.
Vasudev Kirs Help with project estimate
20 May 2024 | 6 replies
No clue how it takes someone 5k in labor on $300 in materials but you didn't provide enough information 
Derek Morrison Stessa vs Rent Redi
20 May 2024 | 4 replies
Does it provide easy to understand information?
Michael Snider-Held Finger lakes region small town STR tax. Need help preparing for assessment appeal
22 May 2024 | 13 replies
You've provided evidence of recent appraisals and repair receipts that support a lower valuation.
Coty B Lunn Managing Investment Properties: With or Without a Property Manager
18 May 2024 | 2 replies
Let's explore some effective approaches for managing investment properties:With a Property Manager:Screening and Selecting Tenants: Entrust your property manager to handle tenant screening, background checks, and selection, ensuring reliable renters for your investment.Rent Collection: Property managers can ensure timely rent collection and handle any late payments or lease violations professionally.Maintenance and Repairs: Delegate routine maintenance tasks and repairs to your property manager, who can coordinate with contractors and vendors to keep your property in top condition.Tenant Relations: Property managers serve as the primary point of contact for tenants, addressing their concerns and ensuring a positive rental experience.Lease Enforcement and Evictions: Trust your property manager to enforce lease terms and handle the eviction process if necessary, following legal procedures.Financial Management: Property managers can handle financial tasks such as budgeting, accounting, and financial reporting, providing you with regular updates on property performance.Without a Property Manager:Self-Management: Take on the responsibility of managing the property yourself, handling tasks such as advertising vacancies, screening tenants, and collecting rent.Outsourcing Specific Tasks: While not hiring a full-time property manager, consider outsourcing tasks like maintenance and repairs to trusted contractors or service providers.Utilizing Technology: Leverage property management software and online platforms to streamline processes such as rent collection, lease management, and maintenance requests.Establishing Clear Policies: Set clear policies and procedures for tenants regarding rent payments, maintenance requests, and lease terms to minimize conflicts and misunderstandings.Regular Inspections: Conduct regular inspections of the property to identify maintenance issues or lease violations early on and address them promptly.Building Relationships: Maintain open communication and positive relationships with tenants to foster a sense of community and encourage better care of the property.Whether you choose to hire a property manager or manage the property yourself, effective communication, attention to detail, and a proactive approach to property management are key to maximizing returns and maintaining the value of your investment.
Carlos Oliva Refi or Home Equity
20 May 2024 | 6 replies
@Carlos OlivaCash-out Refi:Pros:Fixed interest rate - providing stability in your paymentsLump sum payout - one-time lump sum, which can be beneficial if you have a specific investment or expense in mind.Lower interest rates - compared to HELOCs because they're first mortgagesCons:Closing costs - higher which can eat into your equityResets mortgage term - If you've already paid down a significant portion of principal.
Johana Villamil Having issues with my General Contractor
19 May 2024 | 11 replies
He looked into the online portal and said the build permit will be expiring soon.