Allison Richardson
Newbie Investor Intro
20 June 2024 | 8 replies
My short term goal is to buy our first property to turn into a rental by the end of the year.
Ben Russell
Question about using rents as income
20 June 2024 | 7 replies
The remaining 25% of the gross rent will be absorbed by vacancy losses and ongoing maintenance expenses.When using a lease agreement, the lease agreement amount must be supported byForm 1007 or Form 1025, as applicable, orevidence the terms of the lease have gone into effect.
Daniel Ramirez
Introducing on private lending services
17 June 2024 | 1 reply
Hoping to learn more about: best practices, risk management, legal Considerations, and most important building long trust term relationships with borrowers.I deeply believe in the power of community and learning from each other's experiences.
Priya Gohil
Help Picking a Market
18 June 2024 | 14 replies
PaulBecause it also seems like an accessible entry point.How long should I stick it out to find property in a specific area, before moving on to the next?
Kinnari Pandya
Oklahoma City For Real Estate Investment?
17 June 2024 | 9 replies
Check in with @Joseph Chiofalo for Pro Forma support and analysis he can help plug in loan terms with investor friendly financing.
Donald Taite
Hotels
18 June 2024 | 53 replies
The issue with waiting for a low cycle is that you will be waiting a very long time.
Gary Neely
Seller Financing Contract
19 June 2024 | 12 replies
Thanks, Gary Neely Gary, Just use you standard state contract and write out the terms of your seller financing in an addendum or on the OTP itself if there's lines for additional provisions.Be clear and concise.Example,Seller will carry a promissory note secured by a 1st position mortgage in the amount $97,583.00, at 6% interest, amortized over 30 years, witha a maturity date and balloon payment due 10 years after the closing date.Hope this helps and certainly get an attorney involved if you are not comfortable drafting the language.
Collin Hays
$180K fine in Las Vegas for running a Short Term Rental
15 June 2024 | 6 replies
And this is going to get really murky, because the owner claims that he had a long-term tenant, and that tenant was then doing the rental arbitrage deal.
Michael Bright
Looking to connect in Biloxi
17 June 2024 | 7 replies
There are opportunities for various strategies here- short-term rentals, medium-term rentals, long term rentals, BRRRR, flips, etc.
Keegan Schaub
Need help! Need hard money loan for business + RE deal cash cow assisted living home!
17 June 2024 | 11 replies
I am acquiring an assisted living home (RE+business).RE appraised for $1,320,000Business for $80k.I have the RE portion already financed through banks but am needing $80k for the business to get the deal done.I’m looking for $80k short term loan for at least 6 months so that I have enough time to get a more stabilized business loan.