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4 July 2024 | 11 replies
While I no longer have health benefits or vacation time I still get to contribute to my 401K and receive my employer match on that.
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2 July 2024 | 7 replies
Quote from @Robin Simon: Good stuff - you are pretty spot on - technically people max out under conventional loans at 10 - but oftentimes its with fewer properties as people run into hurdles before hitting 10, some of which you mention - wanting to diversify strategies, multifamilies, needing LLCs etc.I think you are on the right track for DSCR Loans - I always say that DSCR is really perfect for people in the 5-50 property range - typically conventional is the best fit with your first few, and then when ready to make the "jump" to scaling bigger and faster - DSCR is the best bet.Seconding this notion.
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3 July 2024 | 12 replies
This way you can avoid PMI altogether and that savings is money that will contribute to your bottom line.
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1 July 2024 | 12 replies
Not a tax advisor, but another method is to classify your personal purchases as capital contributions to the business.
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2 July 2024 | 3 replies
Looking forward to everyone's contributions & comments...
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2 July 2024 | 1 reply
If a buyer is short on cash to close but meets all of the other requirements, a seller can contribute a % of the purchase price toward paying these costs for the buyer in order to make the deal go through.
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1 July 2024 | 1 reply
This stability can provide predictable energy costs for your properties.Environmental Benefits: Utilizing solar energy reduces your properties' carbon footprint, contributing to sustainability goals and potentially enhancing the appeal of your buildings to environmentally-conscious tenants.Regulatory and Permitting Considerations: Make sure you understand the local regulations and permitting requirements for installing solar panels on multi-family properties in New Jersey.
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1 July 2024 | 13 replies
Virtual assistants can handle calls, texts, appointment scheduling, and more, contributing to increased efficiency.
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30 June 2024 | 4 replies
Conversely, how does the fact he's managing it on a day to day basis contribute?
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1 July 2024 | 16 replies
The perma-posters who contribute nothing actionable and want to get their name out on as many posts as they can.The DSCR lenders with many votes that are all from their employees or colleagues.