26 February 2019 | 1 reply
I'd advise looking for a good, full time Realtor there.If you're not going to use that agent to represent you, I'd offer to pay for his or her time.

26 February 2019 | 1 reply
Our products — for non-owner occupied — require 20-35% down plus closing costs and fees.Having said that, a handful of my products will do 100% of the actual rehab costs, with some limitations.Of course, I only work with about 100 lenders, so I am not necessarily representative, but chances are not high for your client to come in with $0.Good Luck!

28 February 2019 | 9 replies
Last week I had a similar scenario on a deal I was representing a client to purchase and turned to our in house lender.
27 February 2019 | 5 replies
There is nothing wrong with using existing photos as long as they represent the property condition...happens all the time.

6 March 2019 | 12 replies
If they don't cashflow $500 per door it's highly likely that the numbers for the new homes are not representative for the market.

28 February 2019 | 2 replies
And I sold to my tenant through a dually-represented agent, so I saved a bit on realtor commissions.I don't think that this is going to be what skyrockets us to wealth or anything, but it is going to further our financial goals.

3 March 2019 | 86 replies
Here are some strategies that you may wish to employ in light of where we are in the market cycle:1.Focus on the right asset – multifamily real estate is popular during times of uncertainty because people have a preference for renting during times of uncertainty and because it is valued intrinsically, it is less prone to large swings in sentiment which can impact the value of single family homes. 2.Invest in real estate - it represents diversity in your overall portfolio so if you are taking cash out of equities to invest in real estate then you are potentially building yourself a portfolio that is positioned for excess returns with lower volatility.

1 March 2019 | 30 replies
When I finally balked at the high and ever-increasing rates, I went to an insurance agent who represented many insurance companies and not just one.

8 March 2019 | 9 replies
If you feel your area is more representative of the 80% rule and your buying for appreciation then you’d have 52k to spend on rehab & purchase.

11 March 2019 | 24 replies
Each Property is held in a Single Member LLCThe Owner of the SMLLC is a Partnership LLCBy doing it this way, only the Partnership LLC files taxes as the SMLLC's are disregarded.The Partnership LLC files Form 1065.It will fill out Form 8825, adding all the Properties owned by each SMLLC's.By doing it this way, the Partnership LLC will have just 1 Bank Account which represents the Operations Bank Account for all of the SMLLCs.The Profit and Loss is reported for each Partner via the K-1 on the Partnership LLC.The K-1 then gets recorded in the Individual Partners of the PArtnership LLC Schedule E form, specifically Part II of the Schedule E.Therefore, no FICA tax since Schedule E is reported on line 17 of the 1040 and a Schedule SE is not needed for this Tax Return Line Item, unlike Schedule C.If I got this right up to this point, then I have to say, YES!!