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18 September 2024 | 6 replies
As far as HML's go, they will double check your deal to make sure the numbers work (for both of you) as they are not going to lend on a property that they have not vetted.
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27 September 2024 | 6 replies
I lost +$35k on the sale (I did purchase it at the height of the housing bubble, i.e. 2007) and rents were stagnate for almost the entire time I owned the property (I was only able to raise the rent by $50 over 10 years ($550 in 2009 to $600 in 2019).
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19 September 2024 | 15 replies
It's a suite of applications that includes all the same things Google docs and email does, but also has other programs like a CRM, scheduling (like acuity), meetings (like Zoom), dropbox-like storage, Flow (like Zapier), and invoicing.
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16 September 2024 | 2 replies
End of September, I am closing my first rental property.
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23 September 2024 | 4 replies
Does that apply to my own personal property?
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24 September 2024 | 7 replies
The cash flow is okay, it's not great, but the principal pay down on this loan is over $10k per year, and this is a great location, so the property value and rental rate will continue to appreciate over time.
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23 September 2024 | 29 replies
Property taxes are pretty crazy.
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24 September 2024 | 5 replies
They create the team and a plan, acquire, due diligence, take care of loan products (If needed), oversee construction/renovation, hire property manager (or run in house management,) take care of accounting/taxes/K1s, deal with closing or refinancing.An LP (limited partner) just puts in the funds (after hopefully vetting the GP and team) and keeps fingers crossed while earning mailbox money.
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16 September 2024 | 4 replies
You are not allowed to 1031 a flip or a property built specifically for sale.
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18 September 2024 | 15 replies
Hi, I'm looking to refinance my Canton, OH (44714) BRRR property.