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28 October 2021 | 2 replies
From what I have gathered you are stuck with a minimum of 6-12 months of seasoning if you would like the refi to be based on a new appraisal price and not the initial purchase price.So, my issue is if I fix a property in 3 months and its now rented out, what do I do?
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27 October 2021 | 3 replies
It will cost you $180 for the initial filing and $45/year for their services + Delaware annual fees which can be found here https://corp.delaware.gov/fee/.
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25 October 2021 | 84 replies
I'm more interested in accumulating a lot of doors than having a flashy lifestyle; I use the money to buy more properties.My brother, Joe, told me how he puts money into a Vanguard charitable fund - the money can't be removed but he can donate to charities he likes - and I want to do the same so I'll be putting some money that would be going toward taxes into that instead.
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26 October 2021 | 9 replies
I'm trying to initiate a 1031 with a qualified intermediary, and have been quoted up to $3k for fees.
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22 October 2021 | 4 replies
If you divide that by the initial investment of $120k, that comes out to a 15% return?
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21 October 2021 | 0 replies
I'm curious to learn how folks have structured financing when leveraging both hard money and private (family/friend) money.For example, if you have hard money that covers 80% purchase and 100% rehab, then a private (family/friend) money that covers the remaining 20% purchase as well as holding costs and initial rehab costs, what kind of rates and payment terms did you settle on for your private (family/friend) lender?
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22 October 2021 | 3 replies
Initial investments will be flips, but the group is also interested in getting into rentals in the future.
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24 October 2021 | 6 replies
Look at how long units stay vacant in the market and build that into your calculations.You may also have an initial period after you close where you're removing non paying tenants, so consider that as well.
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28 October 2021 | 19 replies
He has signed the lease and has initiated ACH payment for first month rent and security deposit.
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25 October 2021 | 13 replies
@Jay Hinrichs brought up a great point about partnerships if you are low on initial investment capital.