Would banks have a problem with financing the other 50%? If they would have an issue, why? Are there lenders aside from banks who would lend with an owner finance deal? I'm curious to know if this is possible because ...
Hello,So I am planning on using my FHA loan (3.5% down) for my first residential/multi family property (4 units or less). I would live in one unit and rent out the others. I know it's possible for me to accept a gift ...
Realtors based in Salt Lake City, Utah. Seeking portfolio lenders locally to begin multi-family investments as well as rehab/flip properties.
On the EIN forms, I need to best describe what my business 'category' is. I am putting 'Real Estate', but wondering if there may be another option, since the IRS defintion does not specify an investor/flipper.
Does anyone remember the podcast episode where the guest described a unique/alternative way that they took their profit, after the investors got paid? I seem to remember it being a simplified alternative to the prefer...
Hello, how are private money lenders typically repaid for a BRRRR method transaction? Example: our lender is providing us with $40,000 for the purchase. How (term, rate etc.) would they typically be repaid if we plan...
The appliances in a duplex I bought are going to be replaced. Would love to write it off next year as an expense but wondering if that would raise a red flag with Uncle Sam. What do you all do? Capitalize? Or Expense?...
There is a property that is scheduled to hit auction court steps this coming month.Auction detail:"IN RE HAROLD W. BURKEMPER AND DIANNE M. BURKEMPER TRUSTEE'S SALE -- Default having been made in the payment of a Promi...
Hi, as a new agent in Los Angeles I have been investigating several different Lead Generation Services. I have read some really bad reviews along the way and wanted to reach out to people on this forum to see if any ...
Hello! I'm currently under contract for a condo in Chicago and looking to complete a rehab. My plan is to put in a new kitchen, add a laundry room, add a shower to a half bathroom, and rearrange the bedrooms (this wil...