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13 October 2021 | 21 replies
@Steven Harris that is a hard sell but with $30K in savings as collateral you may be able to go to a private lender; however, you are going to have to add a member to your LLC or Corp with a job ; especially since you are new and can not produce a schedule of real estate owned.Most private lenders that I know or have worked with say that the asset is the main pull as far as credit during analyzing the deal; therefor, you have to have a strong deal that makes you money and able to communicate how you are going effectively monetize the project, in the form of an executive summary.I remember at one time some lenders were doing 80/100, 80%LTV and 100% rehab, I do not know if they are still doing that, I will have to reach out to some of them to see their parameters these days.
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9 October 2021 | 1 reply
Is it legal for the building inspector to not close out a trades permit because another part of the job wasn’t permitted?
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8 October 2021 | 0 replies
Is it legal for the building inspector to not close out a trades permit because another part of the job wasn’t permitted?
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14 October 2021 | 3 replies
I haven’t executed a deal even though I scout out real estate on Zillow, Realtor.com, and LoopNet plus I bought a list of off market deals to pursue pre foreclosures I can get via subject to the existing financing.
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19 October 2021 | 11 replies
It's not about the information anymore, but the execution and accountability in order to bring that goal to fruition.
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7 December 2021 | 13 replies
Small town or not, both Jerel and I would be better suited for these types of transactions than a "jack of all trades" attorney...
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8 October 2021 | 2 replies
The properties and rental income are reported on the schedule E.
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15 November 2021 | 16 replies
My primary career for a publicly traded company has done well and my CPA believes that our real estate portfolio with RE pro status and acceleration of cost seg could help offset the stock income so I don’t have to sell a bunch of it for the tax ramifications.
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11 October 2021 | 4 replies
@Izaiah Barba - I think every state is different and I think there's a difference in things sent manually (an individual click), vs a bulk e-mail blast.I've heard of people getting into some nasty lawsuits over this kind of stuff.
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12 October 2021 | 3 replies
We will have 2 means of e-gress, proper ceiling height (7ft. 6in), 1,500 sq. ft per unit, etc. for the basement.