Lucas Hunt
Splitting Ownership On A Rental Property in Dallas
29 June 2024 | 4 replies
Quote from @Lucas Hunt: I will essentially be managing the entire property/collecting rent and my friend will not have to lift a finger.No offense, but your friend would be better off buying the property for himself and paying a PM 10%.
Sumit Kaul
loan agains equity/etf vs 401K vs other options
27 June 2024 | 2 replies
Here are some options and considerations:Loan Against Equity/ETFs:Margin Loans:Description: Margin loans allow you to borrow money using your investments (such as stocks or ETFs) as collateral.Pros:You retain ownership of your investments.Generally quick access to funds.Interest rates can be relatively low compared to other types of loans.Cons:Your investments are used as collateral, so if their value declines significantly, you may face a margin call (requiring additional funds or securities).Interest rates can vary and may be higher than traditional loans depending on the lender and your creditworthiness.Securities-Based Line of Credit (SBLOC):Description: Similar to margin loans, SBLOCs use your securities (stocks, ETFs) as collateral, but they typically provide more flexibility and may not trigger margin calls as easily.Pros:Allows for ongoing access to funds as long as your collateral remains sufficient.Interest rates may be competitive.Cons:Similar risks of potential margin calls if the value of your securities drops significantly.Terms and interest rates can vary widely among lenders.Comparison with 401(k) Loans:401(k) Loans:Description: Borrowing from your 401(k) allows you to access funds without selling investments, using your retirement savings as collateral.Pros:Typically low interest rates.No credit check required.Interest paid on the loan goes back into your 401(k) account.Cons:Usually capped at a percentage of your vested balance (commonly up to 50% or $50,000).If you leave your job, the loan may need to be repaid immediately or could be considered a taxable distribution.Potential opportunity cost of missing out on market gains if funds are withdrawn from investments.Other Alternatives:Home Equity Line of Credit (HELOC):Description: If you own a home with equity, a HELOC allows you to borrow against that equity at typically lower interest rates than unsecured loans.Pros:Lower interest rates compared to other types of loans.Interest may be tax-deductible if used for home improvements (consult a tax advisor).Cons:Your home serves as collateral, so failure to repay could result in foreclosure.Personal Loans:Description: Unsecured personal loans can be used for various purposes, including investing, but typically have higher interest rates than loans secured by collateral.Pros:No collateral required.Funds can be used for any purpose.Cons:Higher interest rates and stricter eligibility criteria based on creditworthiness.I am a loan officer and we do some of the loans stated above.
Noe Gil
Chicago Market House Hacking 2023: Understanding Neighborhoods
30 June 2024 | 5 replies
I am not sure I buy that Pilsen is the one southside of Chicago neighborhood driving rent increases, but it is surely a gentrifying area and factor.I think Bronzevilles & Woodlawn's ability to have more new developments has allowed that entire se coordinator to become a huge factor on the southside.Regardless, whatever you are doing is working so keep doing it!
Drew Sygit
Tenant Prospects Being Scammed Before they Apply!
26 June 2024 | 5 replies
Two months ago a guy showed up at my office with a truck full of family and a large trailer full of belongings.
Ray Phillip
[Calc Review] Help me analyze this deal
26 June 2024 | 2 replies
I am a loan officer and I have some great software and calculators for this stuff, so let’s set up a call sometime and we can discuss your options.
Erich Henson
Creating a private property management company with partner(s)
27 June 2024 | 4 replies
I have 50+ rental houses and a handful of office buildings and MF so I'm almost where I could pull it off by myself but I still think we could have more "pull" with a larger combined portfolio and shared resources..
Ornella Jimenez
Accredited real estate investor
25 June 2024 | 5 replies
My wife and I are active-duty Army Officers stationed in San Antonio, TX.We've been investing in new-construction single-family homes with Rent to Retirement in Florida, Alabama, and soon in the Carolinas.
Don Konipol
Notes can be Passive Investment, Active Investment, or a Business
29 June 2024 | 0 replies
Passive Investment - Buying and holding performing notes for interest income and or investing in debt fund/partials ownership Active Investment - Buying non performing notes to either modify to reperformimg or foreclose for real estate ownership; “working” the notes in your portfolio; or “creating” high yielding investments through various meansNote BUSINESS - Running a note fund; syndicating notes, buying and selling notes, creating partials, brokering notes, etc.
Nathan Currier-Groh
Mixed Use - Need Help - Can I rent apartments as NON-Residential?
26 June 2024 | 9 replies
Because of this I have rented two of the apartments to people using them as office/meeting space.
Julie Gates
Streamlining Real Estate Investments with Virtual Assistants
1 July 2024 | 13 replies
Amid the chaos of decision-making around buying, selling, renting, or rehabbing, investors often find themselves seeking ways to simplify their operations.