Rob Gallo
New Land Developer in South Florida
29 January 2024 | 7 replies
Research the Authority Having Jurisdiction’s Code (AHJ) to identify where the AHJ will allow that type of useFind the zoning code on the AHJ’s website google “zoning code for XYC city, state”Identify the zoning designations where your use can be permitted See LINK HERE to an example of zoning designationsFeel free to send me a DM if you'd like to connect further.
Logan Turner
Can I personally purchase a house from my LLC
28 January 2024 | 40 replies
@Logan Turner, From my experience, you can get your homes purchased through the LLC, however, you're usually not going to get a 30 year fixed.Private money will get you 1 to 5 year terms (typically) with simple qualifying and usually interest only between 7% and 12% rates.Portfolio loans will allow you to do a longer term and get better qualifying terms for better borrowers.
Adam Robinson
If you’re a successful investor, what is your daily schedule like?
28 January 2024 | 4 replies
I go to the gym 3X a week and so on those days I typically eat a leisurely breakfast.
Corwin Hernandez
Flint Rentals
29 January 2024 | 22 replies
If the test comes back with any amount of metal in the water, then the seller needs to spend the money necessary to fix it (typically buy a filtration system for the house).
David Ten
High DTI Home Equity Access
29 January 2024 | 10 replies
Both of these programs can help qualify and obtain a loan for investment properties, but the tradeoff is that these programs have slightly higher rates than conventional loans.If you are looking for lower rates which everyone tries to, you can always consider the traditional route of conventional loan where rates are typically lower 1-1.5% but you would want to make sure if your income/credit/assets can qualify for it.
Kevin G.
STR Permit Requirement
29 January 2024 | 16 replies
True- Ski leases from Dec through April are typical.
Sateesh Kumar
Property tax deductions on W2 in Syndications
28 January 2024 | 10 replies
Should the syndication be structured only in a certain way for the LP ( for example TIC/1031 exchange) to avail such deduction. appreciate your inputsThanks
Jomon Kannala
Has any one used Market Place Pro software for Tax liens?
28 January 2024 | 12 replies
The examples of leftover properties that you can buy now at face value are not at all typical of what is available.
Karen Bolyard
Pay cash or finance STR?
29 January 2024 | 7 replies
Purchase rates are typically more favorable than cash out refinance rates, so using financing initially (vs delayed financing) will save you on rate, but then your offer isn't as strong against a cash offer.
Reagan C.
Land or House Flip?
29 January 2024 | 7 replies
From there, the typical evolution is flip/brrr SFR 104 properties (much more liquid than land) but really depends on what you want your niche to be, have seen plenty of guys focus on wholesaling/flipping land and finding success.