Account Closed
New to financing with OPM
26 February 2024 | 10 replies
.- passive investor puts in 30% cash for down payment in return for 40% ownership- deal provider (Me) puts zero cash in but finds, secures and manages the deal, bank financing and 100% of the property management- bank mortgage for 70%- closing costs split 50/50- capital improvements split 50/50- all monthly positive cash flow (profit) as well as 60% property ownership goes to the deal provider (me).- first refinance (year 3-5) get investor's 30% investment out (before I take any equity) so we can do it again!
Fabio Selmi
Newcomer to the US Seeks New Start in Another State
27 February 2024 | 18 replies
Comparatively speaking to other large American cities, the cost of living is cheaper.The city provides a wide range of communities that may accommodate various tastes as well as a rich cultural experience.Austin, Texas: Young professionals are increasingly choosing Austin as their destination because of its robust employment market and lively culture.Although there are many prospects for both conventional and innovative financing solutions, the real estate market may be competitive.Before making a decision, consider visiting these areas, exploring the local real estate market, and connecting with local investors and real estate professionals.
Kim Durst
Have you ever seen this? Is it shady?
26 February 2024 | 12 replies
Inspection period, appraisal and financing (financing must be provided a denial by the lender).
Jocelyn Hinz
Mobile Home Park
26 February 2024 | 7 replies
There's also a 3 bay garage for storage that could provide some extra income, it's very near to a lake.
Christopher Villa
Bank Owned Properties @Auction.com
27 February 2024 | 26 replies
Also claimed all the broken furniture was provided and not theirs so I got to take it all out.Occupied is a roll of the dice, a gamble you can not control.
Jonathan Rosario
Tax deduction if LLC owns property
26 February 2024 | 5 replies
The LLC does provide a layer of protection, but there's a lot of discussion all over BP and elsewhere about if that protection is better than just having a good insurance policy in the first place.
Malik R.
Adverse action letter for Zillow screening
25 February 2024 | 2 replies
I don't know if Zillow provides one, but they should.
David Ramirez
Is Every Property Suited For Wholesale?
26 February 2024 | 1 reply
It's not about how many deals you close, but how many people you can genuinely help with the services you provide.
AJ Wong
Hidden costs & considerations for out of state or STR vacation rental investors
26 February 2024 | 9 replies
If a host desires big appeal and profits, it can take a little more effort than the local resources provide. - Mortgage terms, rates and competitionTypically vacation rental properties are investment properties.
Al Palomo
I've used personal funds for LLC bills
25 February 2024 | 8 replies
Thanks for any information anyone can provide.