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24 April 2024 | 4 replies
I often do site visits to the property and then design/draw the hvac/plumbing systems for the building.From what I gather below the following would all fall under "real property trades":"The statute lists 11 types of real property trades or businesses: real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, "I believe that my line of work can be classified under "real property development", "construction", "conversion".
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26 April 2024 | 27 replies
When I submit and offer and I believe I can find the seller, I submit to the agent, and knock on the door of the owners house later that night and have a conversation with them.
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26 April 2024 | 10 replies
Please keep in mind when you do identify a lender that will take on vacant land- they will price the deal at a higher interest rate and will keep a low LTV to minimize their risk.
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24 April 2024 | 39 replies
Happy to continue the conversation....I may be interested in learning more about your AirBnB strategy as well.
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24 April 2024 | 49 replies
turnkey means - you buy it with a high interest rate and high down payment, perform no value add, rent it out, and hope the HVAC doesn't go out in month 4.where or how is that 'cash flowing' right now?
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24 April 2024 | 13 replies
I just had a similar situation where I raised the rent on a unit somewhat significantly to a rate that was better for me but still considerably under market value.
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25 April 2024 | 14 replies
Considering the high interest rate, the projects and COC return seems too good to be true.
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26 April 2024 | 4 replies
A wrap-around agreement is a type of secondary mortgage financing and involves the buyer paying the seller directly for a residential property — often at a higher interest rate than the original mortgage.
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25 April 2024 | 18 replies
Here is what is good: in Colorado they pay 9 points above the current US Federal Discount Rate (which is 5.5% right now) - so that would be an interest rate of 14%+.
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25 April 2024 | 8 replies
I am using a FHA loan on my primary residence and don't want to refinance because we have a great interests rate.