Henry Sims
Private Money loan
18 March 2024 | 14 replies
If you want to protect your friend's capital as if it were your own, you'd want to:1) Secure the loan with real estate in the form of a deed of trust or mortgage (depending on the state the property is in)2) Obtain property insurance binder with your lender as an additional insured3) Obtain a lender's title insurance policy protecting them (different than an owner's policy) and transfer all funds through an escrow closer or real estate attorney (depending on the state, the requirements for closing may differ)4) Use a real estate attorney who also practices private lender law in the state the property is located in.
Gene Jung
better to just cash out refi later?
17 March 2024 | 8 replies
Even with rates where they're at lenders require you to have a certain ratio on the payment of rent vs mortgage.
Nathan Brock
Can I buy my first investment property while still renting?
18 March 2024 | 12 replies
NathanHey Nathan,A lot of the private/Hard money lenders that I work with do not require that, so depending on your strategy it shouldn't be an issue.That sounds like great idea though, it could set you up nicely to hopefully save up for a good primary residence.Would love to connect and talk through the strategies financially if you are interested!
Daniel Ehevich
Cashout refi taxation and advice
17 March 2024 | 7 replies
Most of the cash out refinance lender require me to move the property from my LLC to my name for the refinance, is that a normal operating procedure or is it a taxation nightmare to move it back to the LLC after the Refi?
Noelle Debruhl
STR taxes on AirBnB and VRBO
17 March 2024 | 13 replies
Massachusetts requires that *all* STR platforms collect both city and state STR occupancy taxes and remit them to the state monthly.
Account Closed
New Real Estate Commission Ruling and How It Will Affect Buyer's Agent
16 March 2024 | 1 reply
People scour the online ads, Pennysaver, lawn signs, etc., and contact the agent.
Mallory Healea
Value-add of a Driveway?
17 March 2024 | 15 replies
Find out what the requirements are for that driveway.
Daniel Ehevich
Off market big portfolio opportunity
16 March 2024 | 5 replies
@Daniel EhevichI host an online investing group for the local Cincinnati chapter of REIA (Real Estate Investors Association).
KC Pake
What's Holding You Back from Your First Real Estate Investment?
16 March 2024 | 12 replies
Local real estate groups can be a great resource for recommendations.Market Knowledge: Dive into local real estate meetings and online forums to soak up as much as you can about your area of interest.
Deonte Hill
Potential Lending Options
17 March 2024 | 13 replies
I have funds totaling around 20k for a down payment (100k home), however for my planned strategy I’d like to target homes at max 200k which should require a 40k down payment.