Charles Richards
Tax certificate property
26 August 2019 | 1 reply
After the 3yr time period and I receive the tax deed is it still possible to have a redemption be viled against the property As soon as you become the owner of this property the current owner essentially becomes your tenant.
Marcus Melgoza
New to this, have some questions, flipping or investing in REITS?
26 August 2019 | 1 reply
Flipping is a straight up business (and is taxed as such) and REIT investing is essentially buying and selling stocks.
Cody Culberson
BRRRR Strategy and Refi Questions
12 September 2019 | 2 replies
Does it essentially take you back to square one, wiping out your equity in the property?
Bryan Mitchell
What are the reasons syndicators fail
17 October 2019 | 21 replies
A few more to add here: Underestimating the CapEx needed to take the project to stabilized statusPoor Property Management CompanyOne Man Band Sponsor (Syndication is a team sport)Poor Investor Relations (in the front and back end)Mismatch in loan product to asset requirementTo conclude, Real Estate Syndication is complex with a lot of moving parts and having a team is essential to executing a business plan in order to meet or exceed investor returns.
Lacy Tilley
Security deposit and lease termination.
29 August 2019 | 14 replies
But that's essentially why I have a "break lease" fee because, even if I don't lose one day of rent, I need to be made "whole"...and that includes compensation for my time.With that said, I don't feel a LL can normally charge for their "time" or a fee, unless those consequences were spelled out ahead of time.
Nando Gapasin
203K Underwriting guideline question
28 August 2019 | 4 replies
Essentially 3.5% of that total amount.Now, FHA loans have rules that apply to ALL FHA loans and for your scenario here's what you need to know:You must be moving more than 90 miles away from your current FHA loan.If you need rental income from the pre-existing home that you are vacating you must have an appraisal performed on that property that proves 25% equity in the property.
Sheldon Moore
What is the best book?
29 August 2019 | 4 replies
The 7 Essential Habits of Highly Effective People has been very inspirational for me.
Nicholas LaGatta
Permitting Un-permitted Addition, Architect or Engineer Sign Off?
29 August 2019 | 14 replies
The above may give a path for an inspector to 'get out of the way' - however it'd ultimately be their call if they would allow the engineer's sign-off to essentially allow them to get out of the way from a liability standpoint.Sounds like a bit of a pickle, but getting different answers from different contractors does not surprise me at all.The other thing that just crossed my mind is to do a 'sample' of the foundation by cutting, jack-hammering/removing a section of wall in a controlled way.
Josiah Sia
Can you BRRRR with financing, or just hard money/cash?
30 August 2019 | 22 replies
I'm not 100% knowledgeable on HELOC's but if I have a $200,000 home paid off, and get a HELOC of 70% then I could essentially have a $140,000 line of credit to use to buy and rehab, then refinance and pay back my HELOC, rinse and repeat?