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8 January 2025 | 9 replies
@Zach HowardThere is no legal requirement for landlords to actually witness lease violations firsthand.
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17 January 2025 | 20 replies
In general, multifamily properties are a popular choice for investors because they offer the potential for cash flow, scalability, and the ability to amortize debt across multiple units.
9 January 2025 | 4 replies
One common approach is to form a legal entity, such as an LLC, where both of you are equal partners.
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15 January 2025 | 7 replies
So, many landlords legally "bribe" these S8 tenants to move into these Neighborhoods/Properties with free appliances, TVs and internet.
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11 January 2025 | 5 replies
Isn't it unlikely that a homeowner who cant afford a 2-3k tax bill would even challenge this legally?
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4 January 2025 | 12 replies
I don't want them coming after me legally if I sell.
10 January 2025 | 1 reply
I know it’s no longer legal to do wholesaling in SC but let’s say you have the money to buy the property and you can turn it around.
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14 January 2025 | 5 replies
The list comes out at least 30 days before the sale and the owners have opportunities to pay off the debt anytime in those 30 days.
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10 January 2025 | 14 replies
Refi after construction.These numbers consider only the portion of costs of the HEL attributable to the land purchase, not the payoff of the HELOC (which we took out to buy the Seaside condo).Cash In: $66,166 (Cash, 1 year of debt service of HEL, debt service of const. loan, furnishing)Amount Financed: $548,000 (home equity loan + construction loan + closing costs)Total Cost of build: $614,166ARV: $850,000 (or rather "after construction value")Refi $637,500 (75% of value + closing costs) Cash Out $89,500New payment $4500/month (54,000/year)Estimated Cash Flow (pre-tax numbers, so actual mileage may vary)airBNB year 1: $70,000 (net income $16,000)airBNB year 2: $100,000 (net income $46,000)airBNB year3+: $120,000 (net income $66,000)ROI (construction year): 0ROI Year 1 of STR: 24.2% ROI Year 2 of STR: 69.5% ROI Year 3+ of STR: 99.7% Did I calculate these ROI numbers right?
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12 January 2025 | 28 replies
This is not tax or legal advice, just what I personally do, consult your professionals!