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5 June 2024 | 0 replies
(I do not live in Orlando, my retired father does)... and my father takes care of all the maintenance (repairs, hiring contractors for electrical, HVAC, roofing, etc.) as well as showing the property for leases, he is my hands and eyes there... all for free, I do not pay him a salary or any compensation, and he does not want one.
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5 June 2024 | 3 replies
Treat them as part of your team and they will treat you well.
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5 June 2024 | 27 replies
Alternatively, if you're able to put a good chunk down payment on a property and the rent(s) cover your mortgage + expenses + a touch more, in an area that you like and know will appreciate, that's pretty nice as well.
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5 June 2024 | 21 replies
@Mike Barone I've been using batchleads for a little as well, but what I can't figure out is if there's a way to pull fresh property data, as opposed to having to use something like propstream to keep exporting/importing between systems.
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5 June 2024 | 0 replies
As a result, careful consideration of the ramifications of the S & A decision is essential when planning internal corporate restructuring transactions involving recorded deeds, as well as in estate planning transactions.CAVEAT❗️❗️❗️This DOES NOTpresently apply to transfers of non-homestead residential property to revocable living trust agreements or land trusts This is limited only to non-homestead properties (such as vacation homes, secondary residences, rental properties, or vacant land)KEY TAKEAWAYSIt is important to remember that a change of ownership or control might not make a difference unless the property has been appreciating at a rate of greater than 10% annually.
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5 June 2024 | 116 replies
Yeah, that's how well that works out.
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4 June 2024 | 13 replies
Also id like to section 8 tenants as well
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5 June 2024 | 274 replies
Although, as others have said, it may very well vary by the state.
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6 June 2024 | 4 replies
Brutal, constructive honesty appreciated, lol.If he is a great coach, he took the time to find out what you want to accomplish, how committed you are to getting there, that you have capital to make the deals work and that the two of you would work well together.
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5 June 2024 | 2 replies
Hey Zachary I think it's essential to look beyond mere interest rate differentials and focus on strategic benefits, particularly if scaling your portfolio is a long term goal.Key considerations:Pre-payment penalties: Determine if the HELOC has any penalties, impacting your flexibility payoff.Scaling strategy: Evaluate the scalability and limitations of each financing option.Advantage of HML: Allows scaling without hard credit pulls, and no pre-payment penalties.Holding costs: Factor in not just interest rate differences but also ancillary expenses as well as overall goals of scaling.Example scenario:Property purchase for $120,000 with $30,000 renovation.