Byron Kearns
I Need help analyzing and financing my first deal
24 May 2018 | 13 replies
Determine if you want to borrow their money and for how long and at what interest rate or determine if you want to Joint Venture and split the profits, they put up the money, you do all of the work.
Betsy Wenger
Land contract or lease to own with fiance
3 June 2018 | 0 replies
She refused to file jointly before the divorce, so he filed after.
Phillip Prokash
Wisconsin eviction help
7 December 2016 | 8 replies
He signed the lease, and most leases should have a section on joint and severable liability meaning you could go after either or both parties.
Karen Griffith
Meeting FHA Requirements
3 January 2017 | 1 reply
FHA security instruments require a borrower to establish bona fide occupancy in a home as the borrower’s principal residence within 60 days of signing the security instrument, with continued occupancy for at least one year.Any person individually or jointly owning a home covered by an FHA insured mortgage in which ownership is maintained may not purchase another principal residence with FHA insurance, except in certain situations as in relocation outside the commuting area of the original home, an increase in family size, getting a divorce from the co-borrower on the original FHA property, or was a non-occupying co-borrower on the original property.Those are excerpts from the actual FHA manual.
Michael G Walser
Tips for financing multifamily real estate
6 January 2017 | 1 reply
Partners-Hard money, private money, joint venturesCreative Financing-owner finance, contract for deed, lease option, sandwich/master leasePersonally I'd check into the creative financing realm as that will cost you less and increase your ROI.
Anish Arora
depreciation recapture when selling rental SFR
10 November 2017 | 7 replies
Thanks Jon.I was thinking of having my wife get realtor license (she is home-maker currently) and then as we file jointly was thinking of doing that way to be able to use depreciation deduction from rental SFRs against my full-time W2 wage income.
Account Closed
Partnering with someone on land they own?
12 November 2017 | 3 replies
Account ClosedPut together what we call a Land Joint Venture, or Land JV. 1.
Mauricio Botero
Cedar Park in West Philly, Student Rental market - thoughts?
28 November 2017 | 5 replies
$/bedroom, how many bathrooms usually, what distance away from the schools, etc...Do you mostly see the entire home be put up for rent where a group gets together and signs one joint lease(in my case, 4 parents/sponsors and their students)?
Brock Peel
First Investment - Where to go now?
2 April 2019 | 11 replies
Let it grow over the years and rents will go up as well.The thing is now you need to probably find joint venture partners to work with you for a BRRR or other strategy.
Laura Meade
Newbie from southeast Texas looking to start flipping
3 February 2019 | 2 replies
Person A owns the house outright and may be okay with a joint-venture in which they bring the home, you bring the labor and materials and you both split the profits according to the JV agreement filed with the county.