Account Closed
Is WHOLESALING still viable business to get into in Maryland? I am based in Frederick
23 June 2024 | 25 replies
-i think a great way to get started in real estate is a house hack or a live-in flip.
Alex K.
How are you guys investing in Los Angeles
26 June 2024 | 11 replies
Thank you, AlexAlex, welcome to most interesting real estate market in the country!
Seth Bollinger
Beginner House Flipper
26 June 2024 | 7 replies
Start attending local real estate meet ups in your market.
Tyler Prosser
Combining Section 121 and 1031
21 June 2024 | 6 replies
I want to share an application of this strategy that can help when moving parents into a long-term care facility, particularly in high-value real estate markets like California and Hawaii.Here’s a simplified plan:1.
Bob Asad
Would You Still Buy SFH If It Lost You Money MoM?
27 June 2024 | 26 replies
People value real estate with CoC metrics, or year 0 metrics.
Anastasia P.
First wholesale deal
26 June 2024 | 6 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Zehua Zhou
How is UBIT tax calculated when the IRA real estate takes on a loan
24 June 2024 | 2 replies
Let's say I have 500k down payment and borrow 500k, and the monthly mortgage payment is 5800, and out of that, 4800 is mortgage interest, and I pay 2500 annually for insurance and 10000 for property tax, could anyone ...
Nathaniel Williams
Nathaniel Williams - Aspiring Real Estate Investor
22 June 2024 | 0 replies
Hello, I'm Nathaniel Williams, an enthusiastic aspiring real estate investor with a passion for learning and growth.
Dean Valadez
Paying mortgage on a former personal residence turned rental under an LLC
26 June 2024 | 2 replies
Option 1:Pros:Simplicity: You avoid the potential complications of alerting the lender.Maintains Low-Interest Rate: Since your loan is at 3%, you continue benefiting from this favorable rate.Avoids Immediate Full Payment: You won’t be forced to come up with $45k immediately.Cons:Risk of Detection: If the lender identifies the payments coming from an LLC, they might call the loan due.Potential Consequences: If the lender enforces the due on sale clause, you might be forced to pay the remaining loan balance quickly.Option 2:Pros:Transparency: Being upfront might build trust with the lender.Possible Flexibility: Given your solid payment history, the lender might agree to the arrangement.Legal Compliance: You avoid any potential issues with violating the terms of your mortgage agreement.Cons:Risk of Loan Acceleration: The lender could still decide to call the loan due, forcing you to pay the remaining balance.Potential for Higher Payments: If forced to refinance, you might end up with a higher interest rate.Given the pros and cons of each option, but a cautious approach might be best:Consult a Real Estate Attorney: This can give you a clear understanding of your legal standing and potential risks.Evaluate the Importance of the 3% Rate: Weigh the benefits of keeping your low-interest rate against the risks of potentially having to pay off the loan early.Consider a Gradual Transition: This method allows you to continue benefiting from the low-interest rate while reducing the risk of triggering the due on sale clause.