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20 August 2024 | 3 replies
While I have the funds for the down payments, I’m in need of approximately $30,000 to cover the rehab costs for these properties to get them in market rent shape.I’m exploring various options to secure the necessary financing and would greatly appreciate any advice or recommendations on the best ways to obtain rehab funds.
20 August 2024 | 13 replies
However, if you are going to take advantage of cost segregation, I would recommend working with a CPA that specializes in real estate such as Michael, Ashish, etc. or I'd be happy to provide additional recommendations rather than doing it yourself through turbo tax.Here's an article with additional FAQs on cost segregation studies that you may find helpful.
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17 August 2024 | 7 replies
@Khayla WilliamsI strongly recommend against borrowing 100% for a propertyThere is significant risk in owning real estate including section 8 and maintaining the home in a certain condition and if you do t have the funds for those repairs you could lose it all.I always recommend people budget and save enough for a down payment and reserves before getting into their first property.
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14 August 2024 | 10 replies
I checked public records and online sites that says the houspe has two bedrooms, one bathroom, and is 1,008 square feet.
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20 August 2024 | 9 replies
Owner is ultimately responsible, and I recommend the owner pay so it's not missed.
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22 August 2024 | 31 replies
Larger buy and holds I bring 75% financing so in order to repay the loans and build the equity I need to take 80% until the cash out refi to pay them back with a high return.
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20 August 2024 | 4 replies
I recommend a formal letter with the bills attached and a deadline for payment.
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20 August 2024 | 24 replies
My recommendation is to pivot:1.
19 August 2024 | 1 reply
Any recommendations on structural engineers that won’t drain my wallet?
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17 August 2024 | 25 replies
I also don't recommend you stretch yourself so thin.