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29 April 2024 | 3 replies
Debt is not taxable income, so there should be no taxes due.I'm no lender, but you will need an asset-based loan like DSCR (debt service coverage ratio).
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30 April 2024 | 2 replies
Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,
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30 April 2024 | 27 replies
Please elaborate on why each is essential and how they contribute to a company's overall performance and reliability.Similarly, provide a list of red flags or negative traits that indicate a subpar or potentially problematic property management company, with explanations on how these might negatively impact my real estate operations.Create a scoring or rating system that I can use to objectively evaluate and compare each property management company based on the traits and skills identified earlier.
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29 April 2024 | 9 replies
tried searching for this and couldnt find anything.
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29 April 2024 | 12 replies
Once on the site main page, select "Foreclosures" under the "Popular Searches" pulldown menu.
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28 April 2024 | 10 replies
Quote from @James Cavanagh: looking to connect with the community contractors across United States that deal with fixing flips and realtors to areas, Texas and OhioGo to BUILD YOUR TEAM at the top of your screen and you can search for other MEMBERS or LOCAL MEETUPS.
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30 April 2024 | 18 replies
Keep in mind these numbers are rough and based on my memory of the few owners draw statements I've seen a few times and it's really a basic quite, two queen beds.
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1 May 2024 | 16 replies
Each structure has its pros and cons, so it's essential to evaluate them carefully based on your individual circumstances.Ultimately, navigating the transfer of a property to an LLC can be complex, especially when dealing with mortgage lenders' policies and requirements.
29 April 2024 | 17 replies
Good luck on your REI journey and property search!!
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1 May 2024 | 30 replies
Those should go all the way down to the base plate.