
27 May 2021 | 9 replies
If you have any doubts....here's the exact verbiage from Fannie Mae:B3-4.3-15, Borrowed Funds Secured by an Asset IntroductionThis topic contains information on borrowed funds secured by an asset, including:• Borrowed Funds Secured by an Asset• Secured Loans as Debt• Reducing the Asset by the Amount Borrowed• Documentation RequirementsBorrowed Funds Secured by an AssetBorrowed funds secured by an asset are an acceptable source of funds for the down payment, closing costs, and reserves, since borrowed funds secured by an asset represent a return of equity.Assets that may be used to secure funds include automobiles, artwork, collectibles, real estate, or financial assets, such as savings accounts, certificates of deposit, stocks, bonds, and 401(k) accounts.Secured Loans as DebtWhen qualifying the borrower, the lender must consider monthly payments for secured loans as a debt.If a secured loan does not require monthly payments, the lender must calculate an equivalent amount and consider that amount as a recurring debt.When loans are secured by the borrower’s financial assets, monthly payments for the loan do not have to be considered as long-term debt.Reducing the Asset by the Amount BorrowedIf the borrower uses the same financial asset as part of his or her financial reserves, the lender must reduce the value of the asset by the amount of proceeds and related fees for the secured loan.Documentation RequirementsThe lender must document the following:• the terms of the secured loan,• evidence that the party providing the secured loan is not a party to the sale, and• evidence that the funds have been transferred to the borrower

30 May 2021 | 4 replies
@Gary WolfowiczYour tax situation will get MUCH MORE DIFFICULT.You will go from most likely being classified as a permanent resident to a non-resident alien.You will be required to continue filing tax returns with the US if you have income sourced to the US(I.E.

27 May 2021 | 8 replies
Then you can send mailers (the most expensive method) or you can skip trace the list and cold call them (my favorite method). 2nd option would be to join local REIA meetings in your area, look on meetup.com it's a good way to network and build your buyer list.

28 May 2021 | 1 reply
I had no idea how to do anything myself and learned that youtube is an incredible source.

30 May 2021 | 1 reply
My favorite kind of return!

29 May 2021 | 0 replies
Large multi-family deal sourced from direct mail marketing.

29 May 2021 | 2 replies
Short term: (1) determine investment goals (target ROI, markets, property size, capital stack); use this to dictate where and with whom we invest. (2) market research to evaluate where and what will meet investment goals (this is where my OP question about analyzing properties with rent control comes into play). (3) decide to sell or refi our 4-unit property in line with points (1) and (2). (4) analyze cost benefit of selling GP interest as capital source in line with points (1) and (2).

31 July 2022 | 53 replies
Is there some source material on this?
3 June 2021 | 2 replies
So if there is anyone in Los Angeles that’s looking for an house or apartment building I’ll be the source of contact .

22 June 2021 | 12 replies
It looks like they pull data from different sources and offer some skip tracing, market analysis and CRM services.