Christine Edwards
Financing advice for a renovation project on second home
16 January 2024 | 4 replies
Not enough equity in subject property based on current value.According to the Realtor, ARV would be $315,000 - $335,000.Last time I looked my FICA score was in the excellent rangeMy DTI including the subject property is way less than the typical 45% requirement.Any help, advice, would be greatly appreciated.Christine
Sean C.
Chicago Musictown Opportunity Zone
15 January 2024 | 14 replies
There were some decent performers, but many were below the national average (based on median income, crime, migration....etc).
Ali Matula
Where do I start? Live and Flip to Buy and Hold.
16 January 2024 | 1 reply
Saving this kind of money could take a few years based on variable comp.We owe 275k on our house yet and estimated rent is about $2,500 a month so I don’t think it makes sense to rent our primary while trying to qualify for an owner occupant loan.Thoughts?
Leo R.
Are you using projection models? (Here's why you should)
16 January 2024 | 16 replies
If I do X, then in Y years, Z will occur, and we're 85% sure of that outcome, based on the model"There are definitely times a model has been incorrect (it predicted something, but the real outcome was different)...but, even when a model is wrong, it teaches you something--and with that info, you can make even better models.Another drawback of building the models myself is that it took a lot of time--I probably could have saved time by adapting an existing model...I initially tried to adapt some existing models I found online, but they weren't easily adaptable to my specific circumstances/variables/goals/usage--which is why I ended up building my own models...
Garrett Wright
Unique Approach to Multi-Family Construction: Seeking Guidance
16 January 2024 | 1 reply
Location-Specific Considerations: - Based in Washington County, Utah, and seeking advice on local real estate trends, climate considerations, and networking opportunities.3.
Nicholas Kitchen
GP & LP Investor Payout Math
16 January 2024 | 9 replies
Assuming the GP promote kicks in after the 7% pref, then the remaining cashflow after the pref is met gets split based on the (LP/GP) structure defined.
Catherine McElwain
Talk to me about renting to college students
17 January 2024 | 11 replies
-If you can find a property with unfinished attic, its a potential a way to add 1-2 extra bedrooms if needed, based on how the permitting works there.
Mario Morales
Not sure how to interpret this-Schedule E - Is this good or ok ?
15 January 2024 | 9 replies
He's asking how lenders look at the Schedule E rental income calculation based on the tax returns.
Craig De Borba
Best Business Structure
15 January 2024 | 3 replies
@Craig De BorbaNo such things as "best" the structure you need is based on your wholelistic situation, risk tolerance, and goals.Privacy is an expensive thing and requires a planning up front.
Katelynn Malivert
HELP! Contractor Woes on my first investment property!
18 January 2024 | 54 replies
But it's taken me over 3 years to build up a good base of contractors/subs.