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30 April 2024 | 9 replies
Of course this depends on the amount of the funds and the length of time they hold.
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30 April 2024 | 3 replies
~Andrew Hey Andrew, You can do a HELOC on an investment property, however you may be capped at 70% CLTV and may need to draw $100k to meet the minimum loan amount.
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30 April 2024 | 2 replies
There are a decent amount of meetups in the Kansas City area.
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30 April 2024 | 4 replies
Got it, thanks — so in technical terms, the closing costs are deducted from gains on Schedule D, but since the difference is below the Section 121 threshold, Schedule D essentially ends up at $0 (as opposed to some negative/deductible amount).
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29 April 2024 | 4 replies
My apologies if they are slightly blurry... they came directly from the tenant.Any recommendations on how to fix this, or a specific vendor type that I should contact?
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29 April 2024 | 168 replies
(b) Do I then have right to enter, fix up, and rent or even flip within the 12 months redeemable period?
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30 April 2024 | 6 replies
If you're looking at rehabs, you can do a fix and flip/bridge loan, rehab the property, get it rented out and then refinance into a DSCR for a long-term hold.Hope that helps, feel free to connect with any other questions!
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29 April 2024 | 10 replies
Hudson really an investors challenge is determining if how much cashflow they want vs cash.The inherited house demonstrates this:1) You didn't mention the mortgage PITI, but assuming it's low, you should cashflow well and even more if you have tenants pay the mortgage off over time.2) You could also do a cashout refinance, up to an amount that allows the rent to comfortably cover, and use the cash for further investments or personal use.
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30 April 2024 | 28 replies
It was on him and he ended up fixing the issue on his dime but now I know to make certain a roofer knows what's vented and what isn't.
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30 April 2024 | 7 replies
Over the decades I have witnessed how his brain is wired differently and how easily he can "see" problems and with patience and skill fix them properly.