Jesse LeBlanc
FRAUDSTER ALERT... watch out for Justin Nguyen in Florida. BE CAREFUL LENDERS!!
25 October 2024 | 66 replies
I filed a consumer complaint with the FTC about 4 months ago and haven't heard a response.
Adriana Collado Hudak
LLCs for each investment property?
24 October 2024 | 19 replies
When a foreign LLC wants to do business in Arkansas, it must register with the Arkansas Secretary of State and pay the $300 state filing fee ($270 online).
George Bell
Making extra principal payments
15 October 2024 | 5 replies
So I have been researching making an extra principal payment every year and how it will cut down your mortgage to between 21-23 years.
Melanie Baldridge
Which jobs have the potential to qualify me as a Real Estate Professional?
23 October 2024 | 6 replies
Joint Filing Considerations.If you are married and file a joint tax return, either spouse can qualify as a real estate professional.
Tekoa Glover
DSCR Not so Simple
23 October 2024 | 4 replies
You should usually expect an appraiser assigned to any file to be in touch within 24-72 hours max. 3 weeks you’ve been waiting to get contacted for appraiser is too long for refi, something seems off?
Jonathan B.
HOA Foreclosure with reverse Mortgage
21 October 2024 | 5 replies
Hi Guys,in FL,HOA is foreclosing on a house in a week - Lien of 25k.the property also has a 1st position loan (Reverse mortgage) that also just started proceedings with no set date or "Final Judgement" numbers yet.On the details of the 1st reverse mortgage foreclosure, its only mentioned that there is 320k principal balance due.The original note of the 1st was issued 2009, with a total sum of 650k, payble up to 2081 (!!).
Jamaal Smith
My monthly tax payment increased by a $600
29 October 2024 | 15 replies
You can file a protest to tax values in the Spring.
Glenn Larson
Seller Financing (New to Multi Fam Investing)
22 October 2024 | 6 replies
Hey @Glenn Larson You’re right, seller financing really depends on the seller’s flexibility and the specifics of the deal, but I can give you a couple of typical structures to think about:Interest-only payments: In this setup, you pay the seller interest on the loan without paying down the principal right away, giving you time to stabilize the property or improve cash flow before paying it off or refinancing.Balloon payment: You might negotiate a lower monthly payment (possibly interest-only) with a balloon payment due after 5-10 years.
John Carr
First Time House hack, Do I need more help then my HR Block tax person
23 October 2024 | 19 replies
Oftentimes, we would work closely with CPA to make sure how our borrower's taxes can be filed that would save them from paying taxes, but also making sure they can qualify in a lender's perspective.You would want to make sure your first few deals has an acceptable of return in order to lower your DTI and expand your investment portfolio in Real Estate.
Shaun Hunt
Should I start a property management company?
23 October 2024 | 6 replies
However, this approach might add complexity, such as additional tax filings, self-employment taxes, and administrative costs.