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18 September 2018 | 1 reply
Hi all,Can you please suggest a Property inspector in Memphis, TN 38134.
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18 September 2018 | 3 replies
@Darryl JacksonHow much you need can depend on many factors , the purchase price of the home , the rehab costs etc.Also if you are going to pay all cash or leverage ( hard money or private money loans etc ) If you don’t own your own home I’d suggest doing a live in flip or house hack as you can take advantage of low money down loans like an FHA loan for 3.5%Many people have used this as a way to start out and gain equity that they then use for other deals .It’s possible to do deals without your own money if you do a joint venture type deal but could be hard to find someone to partner without experience, might have to give up more than half the profit but still better than no deal .
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18 September 2018 | 2 replies
I would assume the 1031 would account for that as far as my parents are concerned but not sure for us as far as our ownership (which would not be qualified as "1031" since this is a primary residence)Does anyone have experience with doing something like this or suggestions?
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25 September 2018 | 13 replies
@David Marshall Thank you for the suggestion.
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21 September 2018 | 4 replies
The only concern I would have is that it was originally an ALF but was converted into apartments so that suggests that the market could not support the business as running an ALF can be costly.
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14 November 2018 | 6 replies
The issue you brought up about wealth advisors who have an incentive to sell you a products is a large one and that's why I believe Omar suggested a fee based one whose incentives are more aligned with their customers.
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1 October 2018 | 14 replies
It was suggested by my lender that I pull as the homeowner since neither of my two contractors are state certified and that line had to be completed to close the loan.
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18 September 2018 | 0 replies
Any suggestions will be appreciated!
11 November 2018 | 4 replies
Sorry i don't have a better suggestion for you on this, but if you do come across a good one, please post about it.