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Results (10,000+)
Jalen Wilson Is it possible to get a mortgage with no W2 history
27 May 2024 | 11 replies
Couple options that might be viable for you (I don't know all of your circumstances)- BRRRR into a DSCR by creating equity; partner closely with a lender before starting on this to cover seasoning and other requirements - also this will only work for an investment property, not a primary- bank statement loan/1099 loan may work if you can put at least 10% down and want a primary residence - will depend on how you're operating and a few other variables- seller financing; find a seller willing to carry a note for a few years- co-borrower; someone with decent income and credit who will be on the loan with you- DSCR purchase; be prepared to put down at least 75% or your rate/pricing will be horrible (70% is better); many lenders will have experience requirements; investment property only- find a private lender willing to fund the loan you need- get a salaried job relevant to your college coursework; your fico is strong and you have some cash, so househacking could be within reach via Fannie/Freddie multifamily purchase; get a solid workup from a competent lender before going this route as employment history will be touchy with this routeHard money can be used for an acquisition and rehab, but make sure your takeout financing plan is bulletproof before getting hard money.I'm originally from Baton Rouge.
Luke Hyder Rental Cabin Design and Feasibility
27 May 2024 | 4 replies
Personally, I'd be very conservative in my revenue projections on something like this just in case this trend continues. 
Cameron Davis I’m thinking of using my rental as a sober living house
27 May 2024 | 28 replies
That's a tough way to make a living man.I agree 3 to meetings a week is ridiculous number one when you are sober and you have to find a job you don't have any money you don't have any resources and in certain recovery houses they make you get up at a certain time in the morning and leave the house to go find a job and you have to be gone for so many hours just trying to go find a job I've done these programs going to meetings and constantly talking about drugs and alcohol and listening to people's stories is I think half of the reason why people go back to using I went to an AA or NA rodeo one day on a Saturday and for 5 hours all they did was have people get up there and tell their sob story about addiction and about that lifestyle it depressed me it showed me how not to run a sober house how to not run a halfway house The halfway house is a joke because they have you leave the house by 8:00 or 9:00 in the morning and give you no guidance give you no help give you nothing to get you to where you going to be and really help you get a job I was in a position where I was in Pennsylvania and a halfway house that made you leave by 9:00 in the morning and you can come back until 4:00 or 5:00 in the afternoon I had no money I had no phone I had basically no resources and no knowledge of where I was even at I stayed sober thank God I went to meetings but sometimes I couldn't get to a meeting that they required because I had no way of getting there in the time of night that they had the meetings and after being gone all day trying to find a job it was a ridiculous self-sabotaging program then I got in touch with another program and they suggested a sober house because I would have more leeway unless restrictions and by the way at the recovery house halfway house that I was at My last night there or the second to the last night that I was there One of the roommates was doing heroin the whole night in and out of the bathroom up and down and it was very distracting and nobody said anything I didn't get any sleep because she was up and down the whole night and I knew what she was doing I felt her energy The 12-step program the AA program is not a bad program but it didn't help me stay sober I kept myself sober personally if I had a halfway house or a sober house I would require only one meeting per week but I would also require an hour everyday of journaling and some kind of education as far as to their goals and and to their plan of action and dreams and desires I would do a totally different program because I've been in that position if I would have kept going to meetings and doing that kind of program I would have began using again the sober house doesn't require 10,000 meetings it's too much for a person and it only puts your mind in a mentality and the thought to use again and the desire and the trigger...
Clayton Mills Small Land subdividing
27 May 2024 | 5 replies
why no MLS  agents may have done a bunch of your homework up front.. just offer what makes sense to you.. me personally I would start with  the zoning maps and only look at props zoned for the size you want to create.. then work backwards.. no sense chasing deals without knowing the zoning up front.
David Smith Questions about private lenders
25 May 2024 | 7 replies
Sounds like we are down to the last few items before wire transferring funds to me.
Gloria McDonald Help with House hacking advertising
27 May 2024 | 6 replies
Yes you can use zillow/apartments.com/Craiglist, but the most success i have personally would be FB Market place.
Nate Moross Taxes On Credit CA Rd Debt As Investment Funds
24 May 2024 | 1 reply

Hi guys, so if i use my business credit cards with a liquidator to turn credit card into cash and i use that money to invest with, when i go to make payments to pay back my credit cards is that money i use to repay th...

Lucas Gomez Rent or Sell rhe big question
27 May 2024 | 2 replies
Another thing to consider is that if it was your personal residence, you may be able to exclude some capital gain income if you sell it within a certain amount of time.Best of luck.
Julia Trudeau Private lending using self directed 401k
25 May 2024 | 10 replies
You can set up a self-directed Roth IRA and fund it with your existing Roth IRA.