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How many of you rehab, invest etc... in real estate full time? I have currently a full time job, have not made a deal yet and I'm wondering how most people make the jump over. Is it just leap of faith?
Needless to sa...
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What do banks look for? Are there any loan officers/underwriters here that can chime in?
Here is what I know. I believe that loan officers make about 1% on loan amount. So, they are always looking for solid invest...
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After purchasing multiple parks and managing them over the past few years here's my synopsis of the pros and cons of owning a park. What has been your experience?
Pros:
Steady Income: One of the biggest advantages ...
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Hi AllI have a tenant who is self employed and she just started her business, since it is difficult to establish her income, she offers to prepay 3 month in advance for a 1 year lease. So she will put down 1st 3 mo...
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We own our home in a quiet little touristy town. I'm working now on getting it put into an LLC primarily for asset protection since we are renting out the attached Mother-in-law apartment as a STVR. Additionally, the...
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Given the following factors, what would be the best way to set myself up for long-term financial stability? Warning: possible dumb questions ahead, I’m new. * I have a stable job making a little over $100k a year, a...
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Hi Guys!!
Quick backstory about me. I have worked in the aerospace engineering industry for 8+ years. I quickly saw that path led to a long miserable 30-40 year career with little freedom and flexibility to find ...
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I understand that rental payments for property owned by my SDIRA account (custodian, not LLC-type) need to be handled in an 'arm's length' fashion. I haven’t found a property management software that will collect the ...
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*My husband and I are fairly new to real estate investing and are both Active Duty stationed in D.C.*Background: We want to purchase my husband's grandparents' house in MO that sits on family land. The house itself is...
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Ok BP community, I'm 26 years old, and I recently inherited some money $350,000 to be exact. I'm in school for Finance. I have no income and a credit score of 720. little credit history. I live in NYC (with mom) so th...