Emiton Alves
Choosing bank for multifamily property in Rhode Island
Hi all,
I am in the process of choosing a bank for a multifamily property in Rhode Island. Does anyone have any recommendations as to which banks/credit unions might be best. Are there certain things that a new inves...
Ryan Kowalewski
Buying a business and organization forming
Hello, I'm currently looking at purchasing a business and having a hard time determining if my advisor has a full grasp on what I'm doing so here are the details. I am buying a business for $700k (100k property, 100k ...
Jeff G.
What are your tips for starting out BRRRRing remotely?
What are your tips for starting out with the BRRRR strategy remotely? I'm likely going to BRRRR out-of-state. Yes, I'm aware the 1970's called and their interest rates are back — I'm factoring this into my numbers. Ye...
Ashley Glinka
1031 Exchange-purchasing from seller who doesn't want to repeat
Hi all,I manage a group of 36 townhomes, owned by two older couples who are related to one another. At our last meeting I approached them about the opportunity to purchase the property from them if they ever choose t...
John Morgan
Do I need to file a franchise tax report for my LLC?
I formed an LLC in Texas for my 6 rental properties last year. A letter from the Texas Comptroller of Public Accounts says my company’s first franchise tax report is due in May. What is this and do I need to file it f...
Brandon Eleazer
Condo Buy and Hold cash flow
Has anyone had success with renting a condo unit with positive cash flow? Due to condo fees (at least $200-$300/monthly), this seems to eat up all the potential cash flow. I don't see the 50% rule working well once...
Vandan Mehta
First time investor: Condo vs Multifamily
Hello, I am a first time investor and started to look for the investment opportunity. One thing I realized is I can only afford a condo in a good location right now. And my goal is to have a good cash flow and hold lo...
Paul Gutierrez
Open Door Capital Funds
I am new to syndication investing and have read many comments on other threads regarding the ODC funds. Can anyone that is a part of Open Door Capital fund 1 or 2 comment on their experience? Any information is appr...
Fredy F.
Wholesale practice scenario
Hey guys I wanted to share an example with everyone if its a "good deal" to wholesale to rehabbers.
3 bedroom 2.5 bath 1800 sq. ft 8800 sqft lot
Current Value: $200,000
LTV: about 72%
Homeowners owe about $80,000 o...
David Yee
Can I refinance my HELOAN
Hello! I have a $320k HELOAN at 9.125% that I used to construct an ADU in my backyard. I took the loan out about a year ago when rates were high. I'm wondering if there is any way that I can refinance to a lower month...