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7 December 2024 | 35 replies
Dealing with commercial financing is such a PIA compared to a single family home.
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5 December 2024 | 87 replies
I do agree with everyone here that their customer service is by far the best I have ever had comparing to any other online investment platform.
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5 December 2024 | 6 replies
Putting a property into an LLC before placing it in a trust is generally recommended because an LLC provides a stronger layer of asset protection against creditors and lawsuits compared to a trust alone, effectively isolating the property from personal liabilities while still allowing for estate planning benefits through the trust structure; essentially, the LLC acts as a shield to protect the asset within the trust from external claims.Consider getting professional advice on how to structure your assets to shield and protect the asset(s).
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3 December 2024 | 6 replies
Quote from @Nelson Badillo: In my experience, HUD requires you to provide at least three comparable properties to justify your rent.
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5 December 2024 | 6 replies
Look at the values of your 2 properties, consider any outstanding debt, calculate what your payment might look like on a cash out refi, compare that to current or potential rents.
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5 December 2024 | 15 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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4 December 2024 | 3 replies
Go to furnished finder and airbnb to compare rents and determine your rate.
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4 December 2024 | 6 replies
You have less control with a property like this when compared to other asset classes.The upside here is that it seems there is room for negotiation because of the below-market rent tenants.If you're looking to put down $200-250K, I would recommend looking into a multifamily property, especially one with additional income potential.
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4 December 2024 | 8 replies
How does your property compare to local competition?
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1 December 2024 | 9 replies
., must share certain attributes (bedrooms, bathroom, etc.).T3: Compare property typeIn "The Book on Flipping Houses" by J Scott, it mentioned about adjusting the value of the comps to ensures that they resemble the subject property as closely as possible.