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21 August 2024 | 3 replies
Purchase price: $1,150,000 Cash invested: $315,000 5 units multi family What made you interested in investing in this type of deal?
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21 August 2024 | 1 reply
I bought my primary residence (Texas) in 2012, cash for 850k.
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18 August 2024 | 12 replies
It might be worth looking into specialized insurance providers that cater more to investors with rental portfolios, as they usually understand the nuances of long-term investing and tend to be more flexible.Also, if you're investing in certain markets, like Indianapolis, where property values are lower, you can sometimes balance these insurance hiccups with much better returns on your investments.
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20 August 2024 | 2 replies
This form is sent to the borrower, investor, and the summary form is sent to the IRS.Other fee for services may include door knocking, bankruptcy research and filing of proofs of claim, providing credit reports, workouts with borrowers, loan modifications, short sales, REO (Real Estate Owned) management, inspection services, foreclosure management, etc.SERVICER OF RECORD OPTIONA servicing company may also offer you the opportunity to do your own workouts with the borrower while using their license as “insurance” (this is what we meant by “insurance reasons”).
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15 August 2024 | 9 replies
Are there any turnkey providers in Ocala Florida?
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20 August 2024 | 4 replies
TL;DR: You will likely need to pay taxes in both the U.S. and Canada, but the Canada-U.S. tax treaty provides mechanisms to avoid double taxation.
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20 August 2024 | 5 replies
After swallowing some lumps thanks to one thread I posted back in April, I should (crossed fingers, no blown furnaces or sheard off roofs) be in a good position next year to reinvest.This is hopefully not a beat the dead horse, "where is the best cash flow in X" post, more of a strategy question for anyone who knows the market in CT.Here is what my limited knowledge/intuition tells me: Waterbury, Bridgeport, parts of Hartford cash flow best because of the inherent risk, lower fairfield county cash flows worst (today) because of NYC effect on price/rent, and there is an in-between SOMEWHERE.I think that somewhere is in the central part of the state between route 8 and 91 north of new haven, east of waterbury.
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21 August 2024 | 1 reply
The repair was a big hit for me, and I am now tight on cash, as I just literally moved and my wife and I are expecting our first baby so I am doing what I can here.
21 August 2024 | 182 replies
Same effect as the "cash for clunkers" program of the same era.
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20 August 2024 | 15 replies
With the right project, you can pull out 100% of your equity when refinancing and "repeat" the process.The key is to buy low enough in an area that justifies an ARV that will allow you to pull out all of your cash at a ~70-75% LTV.