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17 June 2024 | 9 replies
We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!
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17 June 2024 | 9 replies
I've heard good things about Oklahoma, but it is very far from CA and I personally wouldn't bet on very speculative developments across the country.
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17 June 2024 | 6 replies
Personally, my investment funds will be targeted elsewhere for the foreseeable future.
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17 June 2024 | 25 replies
The most important thing is to interview each person and do your due diligence on what matters to you.
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15 June 2024 | 4 replies
This also leads owners to ASSUME simpler is better when it comes to management contracts.
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18 June 2024 | 31 replies
You can always negotiate changes to an existing contract as long as all parties agree.
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14 June 2024 | 2 replies
Little did I know how far the industry would be willing to discount and devalue its services over the next 10-15 years in pursuit of more management contracts and more doors under management.
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16 June 2024 | 14 replies
I'm especially intrigued with the Office Hours, and that he apparently personally coaches you through RE strategies/challenges.
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14 June 2024 | 17 replies
I haven’t seen it personally but I imagine it’s some kind of “use us to sell or pay a penalty” clause.
16 June 2024 | 4 replies
Personally, my husband and I have only purchased new construction (both for investments and personal homes).