Let me try to get my understanding correct and please help me where I am wrong. 1. Loan officers for conventional mortgages, no matter which bank, don't really sell you the money from their bank. They sell you a Fanni...
Because I'd rather not use all my capital on just acquiring properties, I've been searching for sellers willing to do seller financing. I have a couple of leads, but before I get anymore involved I have a couple of qu...
Needing some advice. Just as a preface, I have done many large developments, lots of SFR, master planned communities, etc. At the moment, my business partner and I are working on a 300 unit MF development with a $68 m...
I have an existing rental property that I am trying to move into an LLC.The mortgage company (Washington Trust) is saying "no" and that I would need to refinance. That means at a much higher interest rate (currently ...
I found a FSBO 2/1.5 1400 sqft in the neighborhood where I live in Portland Oregon. According to the flyer they want $134,000, it is within walking distance of an elementary school and it is on a low-moderately traffi...
.... under contract & assign it?Is there anyone that teaches this process? Or is there recommended literature that's specific to it?Thanks in advance.
I'm a first time buyer looking for a 3-4 unit property to house hack in Chicago. In the neighborhoods I'm targeting, buildings that would meet the FHA guidelines (i.e., ~$566k for a 3-unit and ~$703k for a 4-unit, inc...
I'm looking for guidance on potentially using funds from a SIMPLE IRA to convert to a ROBS 401k in order to access for a fix and flip opportunity, and whether this is a viable approach along with pros and cons.Thanks!
Hi everyone,We bought our first property last november in 2023, and are getting ready to list it. I purchased it under my own personal name on this first one, cause we were competing to get there quick and my EIN had...
I need a new roof on one of my commercial investment properties. Can I expense the roof or do I need to depreciate it? My CPA says I have to depreciate it over 39 years but another CPA told me I can expense it.