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4 June 2024 | 4 replies
If someone injures themselves and sues, they will be suing the LLC and not you personally.
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5 June 2024 | 3 replies
.- Continual market analysis to keep your prices neither too high or too low- For software, you'll need a PMS, some system for tracking operations tasks (we use Breezeway), communications tools for internal and external (we use Slack and OpenPhone, respectively)- The decision to self manage or outsource is a very personal one.
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2 June 2024 | 10 replies
Gap funding from a private lender could be an option and will be expensive.
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4 June 2024 | 2 replies
Basis is $130k, plus $50k HELOC (used to fund Home #2 rehab), and could sell for almost $300k, netting us let's say $110k.
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5 June 2024 | 2 replies
There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?
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4 June 2024 | 6 replies
Is it because they do not have the capital and the funds to buy 20 deals in a year?
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4 June 2024 | 5 replies
Where you can get access to equity line to use the funds to buy the property.
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5 June 2024 | 28 replies
House hacking will also give you some personal "property management" experience.
4 June 2024 | 3 replies
My personal motivations and limitations have made me not consider turnkey, flipping and house hacking.
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5 June 2024 | 1 reply
I'm under contract on a homepath property and need to add llc due to being a domestic violence, they are telling me I cannot because it's not considered a real person,I have to cancel the contract and resubmit an offer as an investor, risking losing my dream home.