George Kopp
Lending with Personal Guarantee
25 June 2024 | 19 replies
The Guarantor agrees to be personally liable under the terms and obligations of the Debtor in this Agreement.Borrower's Known Assets: Home in Florida with 300K+ in equity, bitcoin in wallet $500K, 401K $500K+, two small businesses (equity unknown).I hope this is enough info to get the conversation started.
Albert Lubin
What's a true OPEX ratio for a 10 to 15 units property?
24 June 2024 | 3 replies
However, an additional amount should be set aside for CapEx and repairs.While the 50% rule provides a useful starting point, it’s essential to recognize that it primarily covers operating expenses and not CapEx or repairs.
Joanne Potros
Robinhood investing = $217k IRS tax bill?
21 June 2024 | 17 replies
I just received a cp2000 stating I owe as well from Robinhood trading.
Anthony Lucas
Cash out rentals and reinvest?
24 June 2024 | 3 replies
My question to others on this site is this: Both properties have nearly doubled in price and are starting to decline a little though not much.
AJ Wong
How to finance multifamily 5-8 units without income: Common terms and guidelines
24 June 2024 | 4 replies
Historically an excellent place to start your mortgage search for 5-20+ unit properties is a local credit union.
Tony Smith
Wholesale in NYS
24 June 2024 | 1 reply
Hey guys, I wholesale full-time and recently started here in Upstate NY, I have some questions for someone familiar with real estate law/wholesale here and closings and will appreciate any help!
Scott Everhart
Potential Tenant Can Only Pay Rent With Alimony. What Do I Do?
25 June 2024 | 35 replies
Michael Short Don't get me started on how women get short-changed if they are stay at home moms, starting with Social Security benefits....But, if your Mom came to me, as a landlord, saying she's in the middle of a divorce and she should be getting alimony - but doesn't have it yet, may not get what she thinks she'll get, and there is no proof of regular deposits in a bank account to show me it would be reliable - I'd have to deny her.
AJ Wong
What is an Assumable Mortgage? How they work & ways to close with a portable loan
25 June 2024 | 2 replies
This has contributed to lower inventory as sellers are hesitant to walk away from their historically mortgage costs, but the start of the pandemic era rates is now four years ago (2020) and life events often eventually force property sales.
Matt Wood
LA Garage Conversion - ADU/guest house/extra room and AirBnB?
25 June 2024 | 6 replies
Or even rent the room out long term if I ever decided to.Just trying to get as much info from as many minds as possible before starting the process.
Mike Liu
Seeking Advice on Strategies for Growing Portfolio from here
26 June 2024 | 10 replies
If you were to venture into STR I would suggest starting with one to test the market and see if it is something you would like to continue to expand into.