Danielle Cage
Thoughts on this 4 unit deal?
28 January 2024 | 18 replies
Yes I’ll be moving into a unit to satisfy occupancy requirements.I understand it would be best to put more down, however I figured I could wait another 2.5 years saving to put down 100k, or I could jump in now.This loan is only 5% down, however my next will be an investment loan and will require 15% down on an SFR.
Michael Kellogg
Newbie starting down the path
27 January 2024 | 28 replies
Since I’ve made that parallel I’m trying to find ways to not kill the “honeymoon period” but also set myself to survive and begin learning the skills I need to evaluate deals while I save up cash.here are my main concerns:1.
Matthew Dekker
How to finance the first rental property
28 January 2024 | 4 replies
The main issue is coming up with the $18K in some way, whether it is a personal loan or from savings and then how to account for that in the mortgage.
Aj Escomiendo
Building a Team
28 January 2024 | 19 replies
The couple $1000 you might spend on a good home inspection will save you tens of thousands in head-aches and repairs.Once you purchase a home you can start adding a general contractor, rental management company, etc to your team.Basically, the money is in the phone.
Tony Pellettieri
Looking forward to being an Active/Contributing member on BP!
27 January 2024 | 1 reply
The following week, I resigned from my job of 3 years in Sales, took the money I saved up, leveraged my good credit/high income and borrowed as much money as I could get my hands on, then dove in to the world of Investing and haven't looked back since.
Brady Tome
Multi-Family Deal Analyzer
27 January 2024 | 10 replies
There's also tax savings from depreciation, loan amortization (i.e. paying off the loan principle), and appreciation in the value of the asset.
Chris Loy
Conveying townhome into a multi-member LLC
27 January 2024 | 2 replies
You can find more info on property tax reassessment in Colorado here: [https://www.colorado.gov/pacific/propertytaxdivision]Additionally, as you mentioned, the IRS does treat single-member LLCs differently than multi-member LLCs.
Jarrett Fogelman
Have some extra cash and want to try crowdfunding
27 January 2024 | 10 replies
Plenty of investors do the same thing in the US.Thank you for your response.Could you send me some more info about your international investments?
Billy Cowell
Has anyone heard of Jeff Rutkowski
27 January 2024 | 12 replies
Some might even offer actionable insights if you have money, though all the info can be found for free.They are about as scammy as something (usually) legal can be.