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19 January 2025 | 9 replies
I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!
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15 January 2025 | 11 replies
OK, good luck with that if you have easily accessible assets like a home you don't live in.Meanwhile, what are the odds a term life insurance policy pays out?
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10 January 2025 | 28 replies
You could easily spend a lot of capital to start with something else but doing the house hack gets you started and your feet wet.
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21 January 2025 | 10 replies
Costs after it’s placed in service are deductible as rental expenses.If you need help tracking these costs or categorizing them for your tax return, consider working with a tax professional or using software that helps you manage rental property expenses.
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19 January 2025 | 269 replies
1.Property – At least T2, and since the property has 2 living rooms I can easily turn it into a T3 Must have:1.
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12 January 2025 | 5 replies
Also, I have coached a few agents who wanted to get more heavily into investing and I am happy to share what we found worked easily for them.
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11 January 2025 | 14 replies
Fake income documents are easily purchased online, and inexperienced screeners often miss red flags.
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29 January 2025 | 68 replies
million in addition to their investors (who expect a reasonable rate of return) by keeping the rental rates at a fraction of the market rate?
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5 January 2025 | 18 replies
I focus on total return.
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9 January 2025 | 35 replies
You can have the package list as a note on your phone or PMS and send it to them easily if they ask what is included.