
20 September 2019 | 16 replies
@Dennis L Lewis Jr I'm glad I came upon this thread, as I want to own 50+ unit apartment complex.

26 October 2018 | 9 replies
remember this is a very legal business and he of all people would know all the ins and outs and rules and regulations and hopefully he was not vetting you out.

27 October 2018 | 7 replies
If you combine them into a commercial property, the lending rules change and financing becomes more complicated and more expensive.3) the economies of scale are the same for 3 duplexes or a 6-unit parcel.4) insurance is likely less expensive on 3 duplexes5) a valuation based on NOI may or may not be greater than 3 residential buildings.

31 October 2018 | 6 replies
It rarely possible to find a non-recourse loan on amounts under $1 million unless you put 50% down.

26 October 2018 | 12 replies
Of course you can, but if they go to small claims court in CA, good chance they will get credit for wear and tear...say 50% for a 3-4 year old carpet.
11 November 2018 | 10 replies
I am looking for properties owned in TX.Fannie Mae just changed their rules about allowing properties that are currently in single member llc's credit for time being in the LLC so it doesn't affect their seasoning requirements, but loan still need to close in personal name.

28 October 2018 | 4 replies
FHA, VA, and Conventional mortgages each come with their own set of rules and requirements or the condition of items such as the roof, plumbing, appliances, peeling paint, floor coverings, etc.
27 January 2021 | 13 replies
Research the local rules and regulations.
26 October 2018 | 5 replies
Anything less than $875k (less selling/closing costs) becomes “boot” and is taxable up to your total cap gains and depreciation recapture.To avoid tax, 2 rules.1) replacement property price must equal/exceed the sold property2) you must reinvest All the cash proceeds from the sale

25 October 2018 | 3 replies
The only thing I have to add to @George Skidis is that Wyoming does not have a tax, and the annual fee is usually only $50.