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21 June 2024 | 13 replies
You could be looking at a situation where your net worth needs to be (at least) (1/2) the amount you need to borrow.Plus a commercial appraisal (which can be $3,000 to 5,000 cash), and at least 6 months PITI lender required reserves In addition to your replacement reserves that you calculate you will need.
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21 June 2024 | 21 replies
.- Longer Terms: While you're hesitant about longer terms, refinancing some properties with 15-20 year loans at lower rates might reduce your monthly payments, allowing you to reinvest the savings.2.
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20 June 2024 | 3 replies
I just had this issue come up this month.
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20 June 2024 | 23 replies
My bookkeeping activities take about 2 hours per month and i use an online soltion for that too.
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20 June 2024 | 2 replies
Personally, this month is on pace for my largest production ever with $2.585M set to close this June.
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21 June 2024 | 12 replies
Hello-I made a typo on the lease that stated rent would be late after the 10th or each month but it should have been the 5th.
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17 June 2024 | 4 replies
If I install some smart lock door that I can control entry code, then I can simply give the temp entry code to the applicant.
21 June 2024 | 14 replies
@Michael KattouahOne of the few things that I've learned in college that has actually stuck with me is that life is an income statement game, not a balance sheet game.I'll pay you $100,000,000 for a $300,000 house if you let me pay you $1,000 a month for the next 8,334 years.
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19 June 2024 | 10 replies
At the end of the day, if I need to wait for seasoning, it won't be the end of the world, but it would be nice to not have to stick in a hard money loan for 3 months+!
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21 June 2024 | 17 replies
A few months ago I received a letter from the IRS stating there was a $14.00 difference between what I actually reported on my taxes.