Leonardo Morantes Gomez
Keeping current primary home as rental property
17 March 2024 | 16 replies
Jackson can do a free 30 minute call with you and you can book online.If you do go the LLC route, you'll want to make sure you keep all of your finances separate as well.
Bruce Cook
Real Estate Investor / Business Consultant
17 March 2024 | 4 replies
Feel free to reach out if you need any local OC support.
Tony Herrera
New Real Estate Investor
17 March 2024 | 20 replies
Feel free to reach out with any questions.
Lisa Martin
DSCR loan rate
17 March 2024 | 18 replies
Feel free to reach out if we might be able to help!
Jonny Provost
Topsail Area Long-Term Rental
17 March 2024 | 1 reply
We intend to do a free refi by the end of 2024 with a better interest rate and more equity in the home.
Andrew Yu
Minimizing Taxes on Life Insurance Policy Loans for Private Lending
17 March 2024 | 4 replies
The loan from the policy is tax free unless you've MEC'd the policy.
Seth Vendelboe
Jonathan Roberts
Rehab Financing for Already Owned Property
17 March 2024 | 4 replies
If you want to learn more about this product option feel free to reach out.
David Rutledge
How to find seller financed homes for sale
17 March 2024 | 24 replies
Seller financing, in its simplest form, is a note for a free an clear property that the seller carries instead of the bank.
Jerry Callow
Keep or Sell?
17 March 2024 | 17 replies
the answer i'm giving is based on the assumption that you do not want to / can not float the negative cashflow any longer. and note: even if appreciation / debt paydown / tax benefits strongly outweighed the negative cashflow, most investors wouldn't want to / couldn't float that. so that said, i say SELL. you have just over a million dollars in equity (minus transactional costs when you sell), and you could do a 1031 exchange into a ~4 million dollar CASHFLOWING property. i invest long distance into value-add multifamily on the west side of chicago. gearing up for my next deal right now. in that price range you could easily get a value-add multifamily with potential to cashflow 15k/mo+++ (up to 40k/mo) once it reaches its full potential. it sounds like you're in markets that are probably strong for appreciation and weak for cashflow (with the long term rental strategy). if cashflow is your goal, 1031 into value-add multifamily in a higher-cashflow area. don't let having to pay commissions during the sale stop you. you're already losing so much annually; you have to stop the bleeding at some point. also note that right now, with the way these two properties are losing money, that might negatively affect your borrowing power when you go to buy the family home. feel free to dm me if i can help in any way!