Hello everyone. I recently started my journey as a real estate agent and I have a closed deal under my belt along with two accepted contracts soon to be closed as well. I came in to the market at the right time(August...
I’m doing a cash-out refi on a 2-unit home and am dealing with a tenant who has only paid half of November’s rent, we are in the process of dealing with this tenant but if we go further with scheduling the appraisal, ...
Anyone have a form LOI for mortgage lending they can share? I'm looking to lend on a deal, and they don't have an LOI outlining the terms of the deal that can be signed before money is wired to the closing agents esc...
So for the average person I always hear you should go visit the place which is obvious however the dilemma that I'm coming to is should you go to the area to get a general sense and then return home then schedule a fe...
Here's a topic we don't see a lot about: is your CPA depreciating your rental property faster than the 27.5 year life of the structure by breaking out elements with a shorter life like flooring, roof, furnace, etc? Wh...
Hey BP, With the forum flooded with tax questions I thought I'd throw one more into the mix. I have a $15,000 K-1 loss from an LLC that my partner and I actively run due to a few BRRRs with limited rental income. At t...
As a mortgage broker i've received over 20 emails from lenders saying they have halted funding, or made a few "adjustments" to their guidelines. Some adjustments include: Raising minimum credit score requirementsLower...
Hard money: “The Pros and Cons”
Pro
-All CASH Transaction-Quick Closing Times (<14days)-All “Rehab Cost” are covered in Loan-Lower Leverage for Buyer and more Liquidity-Flexibility to buy Distressed and Value-Add...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $136,000
Cash invested: $95,000
Sale price: $239,000
Dickinson is a suburb of Houston with a population of 19,8...
Investment Info:
Single-family residence wholesale investment in Dallas.
Purchase price: $11,000,000
This is a very complex deal involving over 113 SFR, in one portfolio. The owner of this very impressiv...