
5 June 2024 | 10 replies
My father resides in this property and is managing the flip, leveraging his extensive experience in property renovation.Financially, I bring to the table a stable annual gross income of $270,000 from my successful healthcare company, which will continue to support my real estate endeavors.

5 June 2024 | 6 replies
Most of my clients invest in Florida, North Carolina, Texas, and Arizona because of the price point and steady income flow.

4 June 2024 | 5 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

5 June 2024 | 3 replies
Things I've got down to minimal effort or fully automated: * Rent, security deposit, and fee collection* Basic accounting and tax packet creation* Listing vacancies* Lease signing* Applications, credit, and background checksThings I'm still dealing with directly ad-hoc or don't have a well defined process or solution in place for:* Requests and communication with tenants* Finding and coordinating service providers for maintenance and repair work* Scheduling showings and getting prospective tenants to make their appointments* Tenant turnover for move in and out* Keeping up with legal changes and lease template updates* Setting rent amounts* Lease enforcement - tenants are responsible for things like yardwork, routinely get letters from the city about weeds / tall grass, etc.Questions for the group:* What am I missing if I were to make out a checklist of an "automated property"?

5 June 2024 | 2 replies
Investment Info:Single-family residence buy & hold investment in the White Mountains of NH.Single family buy and hold property with the primary goal being STR income and appreciation.

5 June 2024 | 2 replies
Most agents are independent contractors and need around 2 years of income to qualify for loans, there are some other ways but this is generally the rule.

3 June 2024 | 10 replies
If you are already receiving an income and don’t need monthly cash flow you may prefer all the appreciation at the end.

7 June 2024 | 15 replies
Their primary responsibility is vetting the applicant's wherewithal to repay the loan so they prefer borrowers with strong credit and consistent income, in addition to some experience completing similar projects.

5 June 2024 | 2 replies
There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?