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18 October 2020 | 3 replies
Our plan is to hold long-term (10+ years), with a primary focus on positive monthly cash flow and equity capture through strategic renovations (targeting a 10% to 15% increase in equity above the cost basis), with a secondary focus on properties that are likely to appreciate in value over the investment hold period and tax benefits derived from investment real estate.Right now, we are trying to identify real estate brokers/agents in the DFW area that specialize in 2-4 unit buildings with a real estate investor mindset.
22 October 2020 | 12 replies
They care about income, credit worthiness, work history, period.
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21 January 2021 | 10 replies
Everyone of our properties has appreciated at least $1K/month over the holding period.
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18 October 2020 | 7 replies
I will look into the 6 month period.
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21 October 2020 | 27 replies
(Especially in your case with a new-build, your CapEx will be cheap over a 5 to 10 year period.)3) Don't go with a captive agent: Farmers, State Farm, All State, etc...
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23 October 2020 | 4 replies
@Ethan Kramer most banks will require a seasoning period so the process will not be as fast as the one would hope.
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28 October 2020 | 5 replies
Received the PPP loan after June 5th and using the 24 week period.I asked my CPA and she said the same thing I'm finding online for "business mortgage interest payments" during the covered period.
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19 October 2020 | 1 reply
I thought after the promo period the rate would be really high -- probably in the 4's, so I went to apply to refi on my primary residence to pay off the line of credit.
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18 October 2020 | 2 replies
There's no statutory holding period.
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20 October 2020 | 6 replies
However, I have two other partners and one of them is currently out of the work force so he would fly out to Calgary to see how things are going periodically.