John Friendas
LLC Mortgage Under Partner Instead of Me
12 January 2025 | 22 replies
The distributions and allocations on your K1 will dictate what is attributed to you.
Tyler Condon
Buying a rental property in Kingman Arizona
13 January 2025 | 5 replies
They don't tear things up, they don't party, rent is generally paid early, lots of positive attributes!!
Chris Seveney
The Tech Revolution in Real Estate Lending: Are We Overlooking the Basics?
16 January 2025 | 4 replies
And are there other factors that could be attributed to those defaults?
Luke Tetreault
2 years in, Growing Pains! What's the Strategy?
14 January 2025 | 9 replies
This opportunity doesn’t occur frequently but it takes these attributes to take advantage when they do.3 - Blind luck - do enough deals, the unique opportunity tends to present itself.
Ryan Vienneau
Buildium users - how do you handle credit card tracking???
14 January 2025 | 8 replies
Invoices go into the CC account the same as they would in the AP account and are attributed to the vendor who issues them.
Tom Borton
Help me analyze: Potential STR mountain cabin build (Packwood WA)
10 January 2025 | 14 replies
Refi after construction.These numbers consider only the portion of costs of the HEL attributable to the land purchase, not the payoff of the HELOC (which we took out to buy the Seaside condo).Cash In: $66,166 (Cash, 1 year of debt service of HEL, debt service of const. loan, furnishing)Amount Financed: $548,000 (home equity loan + construction loan + closing costs)Total Cost of build: $614,166ARV: $850,000 (or rather "after construction value")Refi $637,500 (75% of value + closing costs) Cash Out $89,500New payment $4500/month (54,000/year)Estimated Cash Flow (pre-tax numbers, so actual mileage may vary)airBNB year 1: $70,000 (net income $16,000)airBNB year 2: $100,000 (net income $46,000)airBNB year3+: $120,000 (net income $66,000)ROI (construction year): 0ROI Year 1 of STR: 24.2% ROI Year 2 of STR: 69.5% ROI Year 3+ of STR: 99.7% Did I calculate these ROI numbers right?
Felisha Derrick
Beginner situation/Hubris/What would you do?
6 January 2025 | 9 replies
This year I paid around 7k out of pocket which I’m attributing mostly to her error and my naivity.
Claude Diehl
Sell a Solo 401K property with owner financing
23 December 2024 | 6 replies
Rental Income Consideration: If the property generated rental income while it was debt-financed, the portion attributable to the debt could have triggered UDFI.
Don Konipol
Why Most Real Estate Investors Can’t Scale Their Investments or Their Business.
4 January 2025 | 14 replies
But the answer for everyone may differ.Here are the personal attributes I see in those able to achieve a higher than market ROI, enough higher to be able to “scale”.1- Knowledge of real estate principles, real estate law and real estate finance2- Minimum 3 -5 years full time, or near full time experience directly related to real estate investing3- Ability to utilize technology for increased efficiency, capacity, and accuracy4- Excellent hired legal counsel and excellent hired marketing help5- Established method(s) of obtaining consistently high QUALITY deal flow6- Ability to manage and choose people who are NOT employees: Attorneys, Appraisers, Mortgage Brokers, Real Estate Brokers, Title Companies, Surveyors, Marketing Specialists, Accountants, Contractors, Consultants, Property Managers7- A VERIFIABLE track record of success8- Ability to identify, analyze, and negotiate a deal that can be “worked” for “enhanced” ROI9- Some type of competitive advantage; for example for me it’s my ability to analyze and identify mortgage loans that are actually less risky than all other lenders believe (on the investing in debt side), and on the real property side it’s my ability to analyze”pull the trigger” with LESS information than other investors need, combined with the ability to pay cash, or raise significant capital almost instantly as well as being able to obtain loans at the lowest prime customer bank rate with no recourse or personal liability.
Levi Perl
When to lower rental listing price?
3 January 2025 | 18 replies
See Listing Link here.I am attributing a lot of the "slowness" to the season.