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7 June 2024 | 15 replies
This also is far to easy to set up Schills you have no clue if the people are real and just working for a fake lender..
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7 June 2024 | 16 replies
The possibility of loosing your house is enough incentive to get people to pay.
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8 June 2024 | 21 replies
Quote from @Robin Simon: Its definitely dependent on a lot of variables, personal situation/risk tolerance, etc.But high-level, I would say that there can certainly be a balance - sometimes people forget that when using hard money or any sort of financing, for some reason you need to "MAX out leverage" - i.e. do a 100% financing for a flip or a max cash-out refinance etc..However, most hard money lenders would be totally willing to do a lower leverage loan (and would probably prefer it) such as 50% or 60% LTC instead of the usual max amount.
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7 June 2024 | 2 replies
I think great to give people a book to read to answer their questions.The truth is if you REALLY want to get involved in something get ready to LEARN.If you can't be bothered to read a book for a week, you're not ready to invest.
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8 June 2024 | 8 replies
I believe you can set your name in TurboTenant to whatever you want and many people use TurboTenant as an LLC name.
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7 June 2024 | 3 replies
These are good questions for a CPA, not random internet people.
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7 June 2024 | 10 replies
For context, my rent will just cover my PITI for my primary, nothing more--interest rate is 6.3% on a 300k home (so side question, are other people also just getting PITI covered by rent in North Dallas single-family homes, or am I just bad at this??
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6 June 2024 | 9 replies
TRA is for people that are homeless and living in a shelter.
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7 June 2024 | 14 replies
*One quirk that made financing more complicated: the banks got nervous when they saw that just two people (the investors I mentioned earlier) own more than half of the 48 units, and wanted a big down payment.
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7 June 2024 | 3 replies
Hey yall my husband and I are trying to get started in short term/hospitality we are looking in Oklahoma since there are so many people from Texas that daycation there but we have never done anything like that before.