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28 November 2024 | 7 replies
My property taxes more than doubled once the county found out I was renting it out and not living there - they mailed me something and it bounced back showing them California address (mail forwarding lasts a year).
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1 December 2024 | 31 replies
Learn how to consistently hit singles and doubles, and don't be ashamed to take the occasional walk. 5 years is a very short time frame to go from no RE to financially free (although you may already have property, which is an awesome start).
2 December 2024 | 17 replies
He's already lost $80,000 in potential income and they could easily tie him up for double that in a heavily regulated market like California.Successful landlords charge market rent or close to it.
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26 November 2024 | 4 replies
Video and/or take pictures of everything in case you have to pursue her in small claims.
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25 November 2024 | 11 replies
Good pictures, and good video walk through's are also a good thing to have so you can forward it to them and make sure they review prior to letting them do a physical tour.
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26 November 2024 | 14 replies
I have found that their sweet spot is after you have flipped 2 properties, as they have a number of programs (Zero Gravity, Double-Double, and standard) that can suit your deal and what you need at that time.Happy to help navigate it if you are needing some help breaking them down.Good luck!
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2 December 2024 | 21 replies
Like Brandon mentioned - you sound like the picture perfect classic "DSCR Loan" borrower - dscr loans are made for exactly this typically - LLC friendly and usually the best fit for when investors hit the 5 or so property mark and hit a roadblock with banks, cash etc like you desribed.Check out this 12-part article series published here on BP on all about DSCR Loans, hope it helps!
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4 December 2024 | 37 replies
I would double check and make sure they are a legitimate license lender.
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25 November 2024 | 2 replies
I'll double check demographics and include in my decision making process.