Wei Zhao
House Hacking in appreciate area VS Out of State investment for cashflow to pay rent?
23 November 2024 | 10 replies
I’m in my late 20s and not in a rush to retire, but my goal is to achieve financial independence in the next 10 years through real estate.I’m considering two options:Option 1: House Hacking with a Multifamily PropertyI probably have to use all my cash for the down payment, and the rent income won't cover the mortgage.
Gabe Chase
How to Keep Things Streamlined...
22 November 2024 | 11 replies
We're also exploring Monday.com for onboarding new properties and Hospitable’s new "owner statements" feature.We look to balance efficiency with these tools without over-engineering into cost inefficiencies.
John Kelly
LLC at homestead house hack
22 November 2024 | 7 replies
Here’s a potential approach to balance both goals:1.
Sheena Varghese
Flip taking longer than a year and tax implications
22 November 2024 | 12 replies
This way, they are no longer on the P&L and are now on the balance sheet as inventory when you run the report for that year.
Nolan Ring
3/3 lenders have no idea about FHA loans
21 November 2024 | 10 replies
In ID I dont believe there is any high balance FHA limits that I know of (Coeur D'Alene, ID).Then again I dont think you need high balance limits anyway as the regular limits of FHA 4 unit property are well in excess of 1.4M and Im pretty sure the fourplexes in CDA arent that high unless you've found a unique Specimen of a fourplex house hack strategy.
Truong Vu
Concernedly time purchase a home
23 November 2024 | 7 replies
Not only do they lose the retirement balance, but also they incur a 10% premature withdrawal penalty.
Caleigh McDonough
House Hacking My First Property that Doesn't Cash Flow
27 November 2024 | 16 replies
Then you can pay down the balance at the refinance closing.
Albert Johnson
Can a tenant break the lease for health issues?
20 November 2024 | 9 replies
Lease expires July 2025.can we sue for remainder balance on lease?
Luis Herna
Wholsaling question and EMD
20 November 2024 | 5 replies
The buyer then sends their EMD to the title company, and you specify to the Title agent that any EMD surplus balance is sent to you at closing.
Bryan Price
Hard Money Loan Past Due (any red flags?!!!)
23 November 2024 | 7 replies
The principal sum, plus all accrued interest, as defined above, shall be paid to the Holder upon as set forth herein.Payment & Due Date: The Maker shall not be obligated to make any payments ofprinciple during the term of this loan until January 4, 2024 ('Due Date"), at which time the entire principal balance, plus all accrued and unpaid interest, and other charges, if any, shall be immediately due and payable in a lump sum balloon payment to Holder.Collateral: This Promissory Note shall be secured by a mortgage lien against thefollowing real property: Address listed; (the "Property"), executed by Maker for the benefit of Holder.Assignment: This note is NOT assignable by Maker without the written consentof the Holder, which shall not be unreasonably withheld.Default: The occurrence of any of the following shall constitute an "Event ofDefault':Failure to make any payment due hereunder;Nonpayment of principal upon the Due Date;The breach or failure to perform any of the terms, provisions, conditions,promises or agreements in the Note, that is not cured within five (5) days ofthe date of written notice from Holder;Any representation or warranty made or deemed made by or on behalf ofMaker to Holder under or in connection with this Note shall be materiallyfalse on the date as of which made;