Cesar Delaflor
Fix and Flip Miami Dade
1 November 2024 | 0 replies
Cost efficiency while enhancing the design and functionality of the property What was the outcome?
Catherine Calix
Foreclosure for Flip
4 November 2024 | 4 replies
Catherine id highly recommend spending a full day or two consuming youtube videos that specifically go into detail about this process, theres so much to teach and writing this whole thing out would literally be a whole book.
Kaitlin C.
PadSplit investment outcomes
4 November 2024 | 24 replies
@Kitty Walker- As an investor, I've refinanced multiple Padsplits and co-living properties (where we go direct to tenant without Padsplit), and I generally agree with your last statement, with some caveats:- if the renovation is done well, the appraiser may not even say anything that would indicate it is an "abnormal" SFR (has happened multiple times with me)-the investor may be wise not to make the house crazy- just leave a nice open living room, put double doors on the dining room so it can function as a bedroom now but be easy to convert later, etc.
Sara Robin
How can I get a mortgage loan without a current income?
6 November 2024 | 9 replies
Unfortunately many lenders will see this as a red flag and may not take the risk to lend you the rest of the money even if you use stated income program or bank statement program but those are for self employed borrowers who have active income from their business but write off to many expenses that when filling their taxes their net income is really low or sometimes negative.
Brody Veilleux
Cash flow is tax free??
7 November 2024 | 8 replies
Depreciation isn't an actual cash outflow [because we+the bank made the actual cash outflow at closing], but we get to write off the cost of the asset as an expense over time.Since cash flow doesn't equal net income, there are different scenarios that can happen. 1) Cash flow can be higher than net income.
Jeff Ryan
Rental house shifts/settles too much with seasons, bedroom floors with slope (?)
6 November 2024 | 6 replies
Is it some kind of foundation specialist to start with to at least know what it is and know if there is anything reasonable that can be done, a general contractor, or is this something I just write off as seasonal shifting of the foundation that happens with some?
Zachary Engen
Micromanaging my STR property manager
6 November 2024 | 18 replies
Buildium is a LTR platform that what looks to be recently added some STR functionality.
Matthew Schulz
Freeport/Northern IL Duplex Market Insight
4 November 2024 | 4 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
Taylor G.
New to real estate and looking to learn and make connections
5 November 2024 | 9 replies
Write it down on paper and make it a goal that you'd like to find a house hack under a certain price point after being approved.