9 June 2024 | 6 replies
Sellers need to provide certain records, as requested as part of the contract within a due diligence period.
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11 June 2024 | 3 replies
As you imply: there is no set standard for "conservative", but my personal POV is we are going to be living with 6% interest rates for a while.
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10 June 2024 | 0 replies
The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories. 21.64% of the total depreciable basis was classified as 5-year class life.
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10 June 2024 | 2 replies
I don't contribute anything to this website other than the posts i made about the person charging me.So now I get to go up against someone that has a million dollar lawyer while all I'd be able to afford was a free public defender.I am absolutely having a break down due to this websites inability to care about what their inactions do to people...agreeing to their terms of service when we make our accounts shouldnt give them the right to hold onto all the media if it creates massive problems for us.
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10 June 2024 | 2 replies
Many of us have our own personal set of attributes we look at, such as price per square foot.
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10 June 2024 | 5 replies
In your circumstances, the owners will 100% have to personally guarantee any loan to the LLC, so this won't be an issue.
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9 June 2024 | 36 replies
Not someone's personal opinion.
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10 June 2024 | 12 replies
The lender I spoke with in the new area said our DTI is the biggest issue, and that selling one of the properties would solve that problem, but selling one house hack for another of a similar price/cash flow isn't something I want to do.Still fairly new to REI so any and all advise is greatly appreciated.If your sole purpose is to eliminate higher payment debt from your personal credit history, a DSCR refinance would work only in the case that the lender you work with is a non-recourse or recourse non-reporting lender.
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10 June 2024 | 9 replies
If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.
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11 June 2024 | 7 replies
We BRRRR 8-10 per year and the flips supplement the money left in the BRRRRs.I personally care more about the location of the BRRRR rather than the money pulled out or the cash flow.