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24 September 2024 | 8 replies
I would want my money to be secured by a promissory note and mortgage on the property in question, and thanks to the advice from some on here, if the property in question isn't enough to cover it, I would need to attach a lien to other property to ensure I can get my money back.
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24 September 2024 | 6 replies
If you had 50k in credit card debt for business startup costs (not real estate) with a 3-4-year plan to pay it off, high debt utilization in the meantime and a 620 credit score - but wanted to start investing in rental properties - what would you do with 20k that falls into your lap?
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24 September 2024 | 1 reply
Example using fictional figures:We buy a 10 acre lot, taxes are $1,000We subdivide it into 10 x 1 acre lotsNo properties are built at this stage, just landDoes the tax remain at $1,000???
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24 September 2024 | 4 replies
Hello, My husband and I are starting a property management company in the Jupiter, FL area.
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24 September 2024 | 4 replies
Did I properly estimate the cash not only to buy the property but also the six month reserve funds that some lenders are requiring for non owner occupied units?
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24 September 2024 | 6 replies
The initial goal is immediate cashflow that will quickly increase as we fix-up and/or lease up the properties.
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24 September 2024 | 12 replies
I'm a Radiographer In military manufacturing and put together a budget so within a couple of years I want to take the jump into owning a property and renting it out.
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24 September 2024 | 1 reply
There are times when you don't want to own the property yourself.
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24 September 2024 | 4 replies
Wanted to know if anyone would be willing to recommend RE attorney in South Florida from West Palm Beach to Fort Lauderdale who has experience and would be able to assist with:- review and advise on current leases in place- company formations being that also licensed sales associate- review and advise on trusts- advice a preparation of private money lending docs- property management formation best practicesAs always, thanks much in advance to everyone for any light you can shed!
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24 September 2024 | 1 reply
What are the property taxes like?