Ken McGrew
Revocable Trust and LLC as beneficiary in Texas
26 July 2015 | 9 replies
I set up an LLC for a rental property I purchased last year, and I'm learning that I cannot simply transfer ownership while my loan is outstanding (Due on sale clause risks, insurance policy complications, etc...).
Ron Vered
Basic finance questions about IRR
8 August 2015 | 4 replies
Thanks,Ron.The IRR is simply the discount rate at which the net present value of all future cash flows from an investment = 0; or the discount rate at which the net present value of all future cash flow equals the initial investment or breaks even.Typically if you happen to have alternate investment projects the IRR could be used to compare which project to undertake.Correction though...the IRR is not always single.
Ron Vered
Cash on cash plus Equity build-up
25 October 2016 | 4 replies
Once I have determined if something meets my CAP rate goals, I simply use this as interesting information for review as I compare it to other investments - but again, realizing it is false precision.
George P.
#20 rental was purchased today
15 December 2016 | 58 replies
I may have to go back to financing in the future. hi dawn,i meant to put details on that too, but forgot while posting.yes, i used the line of credit that we have (~170k) just wired the money. i have been buying "cash" for the last 8 months or so. i think that's the reason to get the houses that we have. i think i missed on a lot of houses simply because i didn't have the financing, and just like you, i was "saving for the next one". i think this was a mistake on my part.the line is at 4.5% and once emptied, we can bundle the purchases that used up the line into one loan, to "refill" the line and start over.
Scott Trench
Very Powerful New Keyword Alert Tool!
31 July 2015 | 11 replies
Seeing this, I might avoided that and simply changed my keyword to "Denver".
Emily Allen
To what extent should you care about details of your rehab rentals?
30 July 2015 | 6 replies
It was new, exciting, and a challenge.I recognize that I simply enjoy that design part of the business, so I do still pick specific ceiling fan designs if time allows.
Travis Beehler
Finally! Got closed on my second deal!
31 July 2015 | 10 replies
I have found that the easiest way to find these deals is simply by asking everyone.
Sharad M.
Interesting Fannie Mae flip situation
31 July 2015 | 18 replies
you can't sign a purchase contract that results in a FHA loan before 90 days", not simply Close after 90 days.
Kai Hicks
Non-essential Request by Tenant
4 August 2015 | 64 replies
If you do it and she starts making a lot of other non essential or unreasonable requests, simply close the floodgate and say no.
Ben Curtin
Need help, Evaluate my deal: How much over home's asking price would you pay?
5 August 2015 | 11 replies
We've both decided we want to buy a house, that is a short sale, or REO property that needs some cosmetic updates (holes in walls, carpet and flooring needs changing, new kitchen and appliances are fine).