
30 July 2024 | 16 replies
We do this by allowing you to immediately tap into our teams/systems we already have in place in some of the best US markets while providing mentorship on how to effectively scale a portfolio.Thanks for letting me throw my hat in the ring on the topic.Of course, reach out anytime with any questions.Here are some additional links to other threads where people are talking about topics like out of state investing, TK, Rent To Retirement, etc.Best of luck to you!

30 July 2024 | 6 replies
Or have you discussed extending the loan for another year in hopes rates go down.

30 July 2024 | 19 replies
Consider 401k loans and 0% interest for a year credit card loans too.

30 July 2024 | 3 replies
Please provide feedback on this as I paid to be a Pro Member to have valid data available.Thank you in advance for your prompt reply, Donna

30 July 2024 | 2 replies
I can’t thank you enough for the information you provided me!

31 July 2024 | 3 replies
This implies residential units can be built at lower costs and provide better return. 11) adding an ADU to SFH can make the SFH fall under rent control.Good luck

30 July 2024 | 3 replies
Backup Withholding: If a contractor fails to provide a TIN or gives you an incorrect TIN, you may be required to withhold a percentage of their payment for federal taxes (known as backup withholding) and remit it to the IRS.Following these steps will ensure you are in compliance with IRS regulations and avoid potential penalties.

29 July 2024 | 8 replies
Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

30 July 2024 | 3 replies
Does anyone know of a bank or an investor-friendly lender who will approve a loan with commute to New York?

30 July 2024 | 12 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.