Hi all, I’m am trying to build up my education in this area. I am a little confused on these two types of loans and if they can work together in some way, or if it needs to be one or the other. Can you start with a 1...
I had intended to sell about $5.3MM of rental property and simply use the profits to may off debt on other notes. However, I'm told my tax basis will be close to $2MM after depreciation recapture.
Does anyone ha...
So, after what seems like an eternity, my first deal finally saw a closing table this week. It's a 3 unit (2 residential, 1 commercial) mixed use property that was purchased with an FHA loan. The commercial space was ...
I'm using a Hard Money Lender for a Flip. I paid the contractor a portion of the original bid amount to start on work. He has not finished the work he was paid for but has started on "change orders" that I did not aut...
Is it possible to do a cash purchase, followed by a HELOC then a cash-out refi? I have looked into delayed financing for cash-out refi under 6 months and would not meet the criteria for that (nor would the loan based ...
Good Morning family,
I'm aware I don't need a LLC when executing a few deals starting out, but would I be able to run a business doing wholesale deals under an LLC meant for fix and flip? My plan is to fix and flip t...
Hey guys!
So excited found my first deal here in Orlando!
What are the best ways to advertise?
Board signs ?
Craigslist ?
What do you guys think?
Just a typical conversation starter of where or how to park your money best
Hey All,
I am closing on my first turn-key property right now. I've realized that the potential profit in forced equity is much greater and want to get into fix and holding. Do you guys have some good suggestions for...
Greetings all,
This weekend, I'm at an expired list property; owner occupied. After talking to the owner in person, I find out they still owe $165k on the mortgage. The property is in pretty bad condition - roughly $...