20 July 2021 | 7 replies
If they were able to do 20% down, the income the property was generating would have allowed a commercial appraisal but Fannie isn't in the business of investment financing.
18 July 2021 | 1 reply
My understanding is comps are generally used for residential real estate, while the income generating potential of commercial property is what determines the value.
19 July 2021 | 9 replies
Your employer may or may not fund the tuition of those certifications but if they don't, you should.
19 July 2021 | 3 replies
It had every generation wiring and plumbing.
18 July 2021 | 4 replies
This is my passion.Not everyone want to house people, some just want to collect the rents, some want to flip, some want to do what they call wholesaling--which to me is more of a self employed situation than actual investing, although I do see the overlap.
21 July 2021 | 8 replies
Lead generating, meaning spending time to connect and build relationships with others to help build your pipeline.
19 July 2021 | 2 replies
Also less documents, no DTI, no taxes, no employment requirements.
27 July 2021 | 2 replies
Review and re-negotiate utilitiesAnalyze insurance policiesFind new tenants such as 5G Rooftop LeasingDiscuss loan payment deferral options with lendersRepurpose all or a portion of your building / propertyExtend tax returns to SeptemberAppeal increases in property taxes or negotiate lowering or deferring payments for current property taxesAssist current tenants and educate them on funding programs available to themRefinance any existing loansSearch for new income sourcesDiscuss deferral of insurance payments or partial payments with your insurance providerResearch Funding Assistance in the Chambers of Commerce guidesDefer the employer’s share of Social Security payroll taxTake advantage of higher interest deductions Utilize active lossesApply cost segregation utilizing the new CARES tax laws and amend up to 5 years of previous tax returns to potentially receive refundsI hope these tips were helpful and if you have any questions at all, feel free to reach out!
20 July 2021 | 8 replies
Find a bank that is savvy with self-employed individuals.
19 July 2021 | 0 replies
But for some reason homes, restaurants, employers, hospitals, and more are either expanding or brand new to the area.