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23 March 2018 | 25 replies
well you are about to launch into a financial deal with someone for usually hundreds of thousands and most wont' ask for any of this.. and just take whatever the person presents as fact.So I would if I was looking for a new partner ( and most of mine are a decade or longer so pretty good track record but we all have to start somewhere) I think you want those basic items.In my day of HML when I used to lend to the general public and do 200 to 300 loans a year it was amazing what you turned up.when we set out to put our network together it was also amazing what you found out about ground partners..
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25 March 2018 | 13 replies
Loans are non-recourse.
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20 March 2018 | 1 reply
Depreciation is a deduction against passive income (Sch E), and it is never "written off against ordinary gains" (which is not a correct expression either way).Here is the IRS Publication 527 link.Dealing with HOA is not my area of expertise, but I suggest to approach them nicely.
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23 March 2018 | 17 replies
Check out AirDNA, I love the site as you can get market reports on public data scraped from Airbnb's site.
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20 March 2018 | 1 reply
I wonder if someone, who has had hands-on experience with arranging an owner-occupant loan for non-resident can help out my clients.
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20 March 2018 | 10 replies
There are no signs on the street that says no parking, I called the police and they told me that rules reg. overnight parking is written on the internet, new residents should know this when they move in.
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26 August 2019 | 9 replies
I've been asked this so much that we're now working with a group of investors to help others invest and to possibly build some new RV Parks.Btw - as an investor, I focus more on the non-pretty Parks that are more like Mobile Home Parks but also now interested in the resort/pretty parks.A few things to keep in mind:Permitting will be the biggest challengeUtilities - is there water available, wastewater options?
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20 March 2018 | 1 reply
@Joshua Lafferty If you will co-sign as non-occupied co- borrower and you are not family member you are at 75%ltv even though this is FHA loan.
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20 March 2018 | 8 replies
We don't see a whole lot of this, but there are those folks that get out on the internet and read too much of the wrong stuff and then want to get overly creative....A SDIRA can be a fantastic way to create retirement wealth without having to push the envelope of the IRS rules, so why go there?
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23 March 2018 | 11 replies
Hey @Joseph WrightI don't have any direct experience with pre-existing MF now zoned as single family, but I am aware of situations where the sale has caused trouble with the grandfathered in non-conforming use.