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Results (10,000+)
Venkata Soma Single Family Long Term Rental - BRRRR strategy
15 December 2024 | 1 reply
Can be a good strategy, but my understanding is BRRRR is generally dependent on refinancing and pulling back that cash invested to repeat the next one
Valerie Angelkos New to BRRR
19 November 2024 | 2 replies
Welcome to BP.
Kaden Flores Wholesaling a home with an active mortgage
13 December 2024 | 1 reply
The mortgage company gets paid off first, then in a traditional sale, the rest minus agent fees and utilities and closing costs goes to the seller.
Kyle Jacques Switching from Evolve to Hospitable Issues?
20 November 2024 | 12 replies
You do not need to "publish" until Evolve is completely done but can have everything ready to go.
Vivan Bhalla Akron Property review and advice needed
19 November 2024 | 3 replies
Ask agent to do final walk-thru video to send to you to confirm quality of work BEFORE final payment to contactor.8) List the property for sale.NOTE: we're heading into winter/holidays when all real estate activity slows.
Thomas McPherson Opinions on CABIs?
13 December 2024 | 2 replies
They provide flexibility and efficiency, especially for experienced investors.How have you found the terms and structure compared to traditional options?
Lynkeisha Dixon Single vs. Multiple LLCs for Property Portfolio
14 December 2024 | 1 reply
I think LLCs are over rated unless you have to hold the property in one for financing like most DSCR lenders will require.
Muneet Chohan Memphis Cashflow Turnkey
14 December 2024 | 3 replies
There is plenty of good turnkey properties on the MLS for sale that would cashflow using the 1% rule and you wont have to overpay for them on a "promise".
Bruce Schussler To cash-out refinance -or- keep positive cash-flow on a rental
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)
Faysal Alam Refinance a car under llc to reduce DTI
20 November 2024 | 4 replies
Quote from @Faysal Alam: What banks or credit union can I use to refinance a car under my LLC name , my car is a 2023 Tesla model y performance , I owe $42,500 on the car , I’m looking to refinance the car under my business , my business was established 03/2023 .