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26 October 2021 | 0 replies
I need financing that can purchase the entire thing on essentially a bridge loan while I BRRRR them out.
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13 February 2022 | 12 replies
Either way, you need to find a commercial lender offering you a product that suits your requirements.
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30 October 2021 | 13 replies
It refinances that VA loan into another loan product therefore restoring your entitlement.
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28 October 2021 | 15 replies
Great tenants are easy to find if you are providing a quality product in an area that people want to be.
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28 October 2021 | 8 replies
Essentially it allows someone who might have 20k for rehab to take on a larger project than they would have been able to out of pocket.
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24 January 2022 | 2 replies
Covid hit so my job went to 2 days a week so I couldnt justify hiring someone to do the total rehab so I did everything but the granite and tile bathrooms myself from the drywall to finished product!
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28 October 2021 | 5 replies
There are products that allow it though.
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29 October 2021 | 3 replies
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30 December 2021 | 4 replies
Even worse, the house only sold for like $400K so they essentially lost $100K in addition to their house.And now, my parent's house will be worth almost $2M once their renovation is complete in a couple of months which they did by refinancing it again, pulling out money to renovate it like they do every 10-15 years, and they bought a luxury STR in Gulf Shores, AL.Finally, in another example, a friend of mine has a house in East San Diego County that burned down in one of the major fires about five years ago that also burned 150+ homes.
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27 October 2021 | 1 reply
With the 1031 rule, you can essentially “swap up” your properties indefinitely and still benefit from tax deferment.