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21 December 2022 | 7 replies
If i choose to go with a CPA i would love to make it easier on them when tax season come around.I work at a beach service job that shows my income (I've just been there for 18 months) I have 15,000 in liquid cashGetting loans is difficult for homes when i need to show at least 2 years worth of income and i want to know how i can use these properties to show net income and help show more income than just a w2.
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29 December 2022 | 3 replies
As we approach the wonderful tax season.
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3 January 2023 | 13 replies
One problem I run into is scaling - there's a local bank here that does "capital replenishment" almost like a zero seasoning period cash out refi.
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9 August 2018 | 4 replies
Or do I need to just bite the bullet and deed it over to myself?
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10 October 2018 | 7 replies
That said, there's still a strong demand for seasonal rentals in the area.
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14 June 2019 | 8 replies
Properties in Georgia Commercial product for property(s) held in an LLC75% or more LTV - CASH OUTNo Seasoning Requirements Leased or not - depends lender requirements.Loan can’t be called if current.30 yr fixed amortizationMoney only trades hands at closing.Can package as a portfolio loan with like properties to be added as completed.If anyone out there has CLOSED a loan for something similar please let me know.
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21 June 2019 | 2 replies
Putting together a business plan to raise income and lower expenses, thereby increasing the property's value is a strategy.Have you confirmed that your CU will refi at the new appraisal WITHOUT a seasoning period?
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25 June 2019 | 14 replies
Like previously stated, the big box stores are probably your best bet w this situation, or a going out of season sale.
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13 November 2019 | 6 replies
The property is a 3 BR/1 BA in Benton Park neighborhood of Bakersfield, CA.I approached this as a BRRRR deal, and wrote a blog post about my sources for these numbers (including the expected monthly rental income, which I realize is extremely optimistic to many seasoned investors, when compared to Rentometer numbers).Even at this optimistic income level, I concluded that this deal was unlikely to succeed.
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13 November 2019 | 0 replies
The newer team members would benefit from help from the seasoned pro's, but I don't want to just require it without providing some kind of benefit for both.