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28 November 2024 | 18 replies
If you get to a point where you need help funding those deals, shoot me a DM!
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7 November 2024 | 3 replies
I am considering to buy an empty lot, then build a single family house, and finally sell it.Do you think Staten Island is a good place for this business?
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11 November 2024 | 6 replies
You will need to live there for at least a year after making that purchase and there are rules about how you can move out.
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28 November 2024 | 10 replies
The 2nd PML would only be up to 65-70% LTV.
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28 November 2024 | 1 reply
If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.
10 November 2024 | 19 replies
Short-term renters generally don't like to stay in Cancun because there's not much to do there and the beaches are mainly occupied by the resorts, against which it's hard to compete and there are much nicer areas in the Riviera Maya.Even though I've owned property in the Riviera Maya for many years and have landed in Cancun many times, I've never been to the city and I've never had the desire to go there.
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8 November 2024 | 11 replies
I’ve been in the real estate investing game for over 20 years, primarily focusing on the Tampa Bay area.
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12 November 2024 | 15 replies
Or if you want to bring it down to about the same value, let's say 2 SF to 1 FP.
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4 November 2024 | 4 replies
Quote from @John Williams: I would only support this because it's California where electric cars are most likely to be mandated and used.
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8 November 2024 | 22 replies
This is because the earlier years see a large jump in IRR due to the leverage used, however this effect diminishes in later years.2.