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1 May 2024 | 2 replies
Jobs to consider include being a loan officer, a property checker/appraiser, an assistant to a property manager, a real estate agent, and a person who checks investments/underwriter.
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1 May 2024 | 3 replies
Most banks and traditional mortgages "Do not" allow foe the property to be vested or quit claimed into an LLC unless it specifically states it on the closing disclosures.In most cases even on DSCR loans the Bank/Lender still requires you to sing a personal guarantee even if they allow the loan to be vested into the LLC.
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30 April 2024 | 37 replies
Same as an LLC with a personally guarantee magically takes away the liability from the personal balance sheet as well.
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1 May 2024 | 9 replies
@Randy Person had a good suggestion, tap into the local Real Estate Investor group athttps://www.facebook.com/groups/DaytonRealEstateInvesting, you'll find a lot of locals there happy to discuss with you.
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1 May 2024 | 22 replies
BUT, this is personal preference, if you are trying to make this a passive investment and don’t want to be cutting the lawn, then 5% is probably fine.Hopefully this helps!
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1 May 2024 | 7 replies
(I'm personally happy this failed because I have two clients under contract on homes they plan to short-term rent -- one in the mountains outside of Colorado Springs and the other right near Breckenridge.)
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1 May 2024 | 24 replies
I personally think there is a sweet spot of deals in the $2m - 8 or 9 mil range where institutional people shy away as it's not big enough and it weeds out a lot of other smaller investors.
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1 May 2024 | 14 replies
personally, i dont see it as bad.
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1 May 2024 | 2 replies
However, it does provide a foundational understanding that surpasses what the average person knows about the industry.
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1 May 2024 | 10 replies
@Ryan Fox You really need to get with your CPA and TAX person to truly understand your whole situation.