1 July 2024 | 3 replies
Taxes - if you're wrongly claiming exemptions your taxes could change.Mortgage - if you're using owner occupied loans and you deed to LLCs, you could risk having the note called due.
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2 July 2024 | 14 replies
They can provide insights into which neighborhoods are safe and have strong rental markets.
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1 July 2024 | 6 replies
I could review the stuff for the day or week and adjust the categories then if needed.I used a single CC for supplies, and a single checking account for all labor. providing the ability to match back expenses without having to check a bunch of different accounts.You could do this with different cards for each project, and a labor bank account for each project.
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30 June 2024 | 6 replies
The GC will provide you with a contract .
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30 June 2024 | 0 replies
I had been looking for a place to park my tiny house and I figured it would be easier to get a loan on a house than on land - not to mention the infrastructure.
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3 July 2024 | 10 replies
HELOC are generally balance sheet meaning the loan is held on the lender's book, not sold into the secondary market.
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1 July 2024 | 1 reply
Consider equity shares, profit-sharing arrangements, or other creative financing structures.Legal and Financial Structuring: Work with legal and financial professionals to finalize agreements and ensure compliance with regulatory requirements.If you have any other questions, just want to discuss, or need a loan officer please feel free to reach out to me directly!
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1 July 2024 | 3 replies
https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...
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1 July 2024 | 12 replies
Our first DEEP value add multifamily project here in Radford, VA just stabilized and refinanced out of the 12 month construction loan. 6 unit apartment building all 2x1 near Radford Campus.
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30 June 2024 | 6 replies
Also the cash flow from the property probably won't be enough to repay the loan.