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22 June 2024 | 23 replies
A good home Inspector does not do 'Code Compliance' inspections, it's none of their business - except to maybe just mention it.It's time to see how badly this buyer wants the house IMHO....
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17 June 2024 | 11 replies
I am acquiring an assisted living home (RE+business).RE appraised for $1,320,000Business for $80k.I have the RE portion already financed through banks but am needing $80k for the business to get the deal done.I’m looking for $80k short term loan for at least 6 months so that I have enough time to get a more stabilized business loan.
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19 June 2024 | 7 replies
The general idea is to use Helocs to replicate hard money.
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17 June 2024 | 8 replies
If you were investing approx 50k in an MTR in the DFW area where would you invest (zip code, cities) and what would you buy (condo/townhouse/SFH)?
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20 June 2024 | 12 replies
@Margaret Dreesen1) You typically cannot use the SD to cover damages while the tenant is still living in the property w/o the tenant's written approval.2) Even if tenant agrees, not a sound business strategy as now you have nothing to cover possible damages when tenant moves out.3) Filing a claim on your own insurance is also business-foolish, as now your claim will track you in the insurance world for about 5-7 years and if you have another claim - may lead to cancellation or spike in premiums.4) Tenant is 100% responsible for the damages!
19 June 2024 | 4 replies
One thing to consider is the value of the business / Business assets.
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18 June 2024 | 8 replies
I cash out refinanced my primary in 2019 right at the start of lockdowns with the idea of buying a new home and rent my current.
20 June 2024 | 3 replies
Private money is a proven way to capitalize portfolio growth but creates another business to administer.
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20 June 2024 | 4 replies
Our long term goal is to become a business and own several rental properties.
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20 June 2024 | 6 replies
Personally, I don’t love the idea of selling.