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30 September 2020 | 6 replies
Is it better to do it one by one (rental, residential, or equal) so that I have a better d/e ratio or can i do it all at once through different lenders?
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29 September 2020 | 1 reply
Hi @John Alosio, en essence a lease-purchase option is simply a lease with an added "right" for the buyer, namely the right to purchase the property during the option period under the pre-established terms and conditions.So, if you entered into a lease-purchase agreement with the tenant in Unit 2, everything would remain the same for you until and if they execute their option to purchase.
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29 September 2020 | 4 replies
As someone looking to purchase a property, this affects you because if you have tenants who can’t pay, you will be in a bind to execute your business plan.
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29 September 2020 | 1 reply
@Jean-Paul E.
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30 September 2020 | 7 replies
@Griffin BaumoelI have some contacts for specific trades that I would be willing to share.
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29 September 2020 | 2 replies
That applies when a tax exempt engages in a trade or business on a regular basis.
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5 October 2020 | 17 replies
There are plenty of resources on this blog to get started like the Ultimate Real Estate Investing Guide and this article about the BRRR method.You'll want to get a sense of what your motivation for this is; a desire to invest in real estate is a great first step that plenty have, but follow through falls short once people realize they actually need an executable plan.
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2 October 2020 | 26 replies
I consulted with a BP member a few weeks ago about how to find hidden gems in her town of Nashville and BOOM she sends me an e mail YOU MEAN LIKE THIS I said YUP.. thats Money..
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3 October 2020 | 38 replies
Its a small loan, so I'd imagine fees are high but...My apologies, I just reviewed with the lender and the major fees are:$2,850 origination charges$1,100 underwriting fee$1,949 transfer taxes$2,310 property taxes and homeowners insurance$900 homeowners insurance premiumTotal Loan Costs (A+B+C): $6,220Total Other Costs (E+F+G+H): $6,169My FICO is 714
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12 October 2020 | 9 replies
It won't be comfortable to execute this, but it WILL work. 1) MINDSET - work on your confidence, vision, goals, as well as monthly, weekly, and daily plans.