18 February 2019 | 8 replies
If you buy properties at a discount like I do, you can use your purchase prices to significantly reduce those assessed values, thus reducing your property tax bill and increasing cashflow.
3 November 2016 | 9 replies
If you are using the same partners on each property, the Series is a great option for asset protection while reducing your accounting costs.
7 November 2016 | 4 replies
You want to make sure you are sending mail to people who have equity, price range you or your buyers will be looking for, area preference and sellers that may have some level of motivation so you are spending less time, money and energy to get deals done.
29 March 2020 | 7 replies
They can also stay with you but reduce the space they want.
5 November 2016 | 8 replies
We cannot get any new mortgages in my wife's name as she brings in no income*I've started to investigate portfolio loans (commercial loans) but they are way expensive and will cut into most net cash flow, or I'll have to put down much more thus reducing monthly ROI.
3 November 2016 | 1 reply
In the end the interest rate was either too high (along with the fees) or there was a ridiculous commercial ammortization that made it impossile to cash flow or, in the case of refinancing our portfolio to pull cash out, the LTV was reduced greatly to meet their "requirements" which made the loan and time involved getting it, pointless.So, we have a portfolio of properties where around half are paid off and half are mortgaged.
4 November 2016 | 8 replies
It's just (most likely) going to have to be at a substantially reduced priced.
8 November 2016 | 8 replies
Until you talk to them, it's just pie in the sky and you are likely wasting energy.
8 November 2016 | 22 replies
so you have three choices:(1) buy a non-owner occupied property and rent it out (you'll continue living where you are now or somewhere else) (2) buy a multi-fam and live in one unit, rent out the other(s) (3) buy an owner occupied (OO) property and rent out a bedroom do the math on each - with an OO you may qualify for an FHA insured mortgage which should allow for a reduced down payment (perhaps as low as 5%, sometimes lower).