Nehemias Ponce
Partials, partials, partials...
30 September 2016 | 17 replies
Hi Nehemias,Up until a few hours ago I was all excited about partials, as my perception of them was shaped by the wow factor, that this is a great method of investing in notes for those like you & me who have little capital.However after reading this excellent thought provoking & pre-warning article by veteran note investor Lorelei Stevens, has prompted to have a very serious rethink.If anyone reading this has addressed all the issues in the above article?
Randall Williams
just bought #3: Am I missing something?
19 September 2016 | 0 replies
I'm keeping the rental income liquid as emergency money until I get to a certain level, then I'll transfer it to investments - and I have some easily accessible cash to manage any big issues that come up with the property.My question is - I plan to buy two more similar duplexes next year and repeat the same process.
Lisa Foreman
Mortgage for SD-IRA - is it possible without a dry close?
22 September 2016 | 2 replies
How do I work around this issue?
Amiris Brown
203K loan multi vs 1 lot 2 properties
26 September 2016 | 4 replies
Wow, technicalities are a wonderment!
Joseph Davis
Wall Heaters instead of forced Air
20 September 2016 | 7 replies
Issue is Electric vs gas :( utils will be expensive and you need to address that at lease orally with the prospect.
Daniel Murphy
NC tax laws on deducting mortgage interest
20 September 2016 | 3 replies
I can refer you to my investing group's financial experts (accounting firm / law practice), if you like.Where the issue may be getting confused is that the interest on financing is an operating expense for income property, but the principal portion is booked under debt service, as I understand it.
Rick Mays
Closings
20 September 2016 | 0 replies
Having same issue looking for attorneys that do assignments. this is so frustrating because i have learned to generate leads ez enough but even if i get property under contract i still have half a deal because i cant seem to locate key people to consumate deals so i can complete transactions.
Kevin Eldridge
Feedback on Commercial Multi (7 unit 2 store) out of state
21 September 2016 | 3 replies
I would check with your plan provider/plan administrator on this issue to be sure.
Michael Dunn
Finding Properties that are Distressed $15,000+ in repairs needed
21 September 2016 | 2 replies
Good Evening:How do you go about finding Properties that are Distressed ( not properties listed on HUD or HomePath ...... as these properties Never seem to need that much work done to them ) I am looking for properties that I can pick up for around $30,000 - $40,000 and that need $15,000 + worth of Work done to them And who's ARV would be in the $100,000 - $125,000 range I have the Cash at hand to Be All-In on my end of things , at around $80,000 - $90,000 But I don't want to have all of my Cash tied up into one Deal, But I also want to make sure than I can Flip these Properties rather Quickly , by being able to offer them at a Purchase Price at roughly 10% BELOW the current Market's Value on Similar Properties with the same comps, and that are within a 5 Mile Radius of the Properties that I fix N Flip Is a Driving For Dollars approach most Likely my best Bet to find these " Severe " Distressed Properties ( Not so Severe though, that they have Structural or Foundation Issues ).
Sara Abernethy
Renting to college students
13 October 2016 | 5 replies
So they technically don't have to tell me their plan until April.