Sylvestre Maldonado
New Investor in Los Angeles
17 March 2024 | 9 replies
I look forward to meeting and growing in this business with everyone!
Shay Sechler
3 months behind tenant
18 March 2024 | 11 replies
You can decide if youre a charity or if you're a business person with an investment to protect.
Patrick Rafferty
Switching Rental Property from Personal to LLC?
19 March 2024 | 17 replies
It doesn't provide any tax advantage.One good reason to have a property in an LLC is when it is set up properly and it's maintained properly and it's treated as a business and has substantial assets in it.
William Hutch
First Time Flipping
18 March 2024 | 9 replies
The permitting in NYC is also tricky and it can take months to get a permit, along with contractors being really busy is really proving challenging.
Michael Nelson
What do hard money lenders need to see in terms of the deal?
19 March 2024 | 19 replies
Most work this way Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
Andreas Mueller
The Real Shrinkflation? It's not potato chips. It's....Real Estate.
18 March 2024 | 0 replies
This cost of debt comes through where people have to borrow to afford the item, like a car, or business Capex and of course, a home.
Anthony Aldrich
Reporting payments to credit bureaus
17 March 2024 | 3 replies
The owner has an LLC that he uses because it is a business for him to sell property and finance it for individuals.
Kiefer Cheney
Need help find a tenant for my first rental property
18 March 2024 | 19 replies
I have not used an agent before, and I've heard mixed things about that.My personal strategy has been to make up small business cards or flyers and then have somebody place those in the areas where my tenants are likely to be, such as local grocery stores, laundromats, restaurants, and so on.
Nate Marshall
The Best People To Learn From Are Those Who..
17 March 2024 | 0 replies
Mentoring and Coaching should be a complimentary business not a primary one when they either have failed miserably or never even were an investor.
Vasudev Kirs
Is lot/land for sale any worth?
17 March 2024 | 8 replies
Varies on the laws of the state you are doing business in, demand, and local zoning laws.1.