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All Forum Posts by: Sandra McEwan

Sandra McEwan has started 1 posts and replied 59 times.

Post: Need Advise on Subject-To Deal Structure (or any other ideas)

Sandra McEwan
Posted
  • Rental Property Investor
  • Tampa FL and Augusta, GA
  • Posts 60
  • Votes 13
Quote from @Caleb Christopher:

@Chris Seveney he acknowledges the low/no cash flow, but he's after a low-entry acquisition with debt paydown and equity-building. It's a longer play where the cash-on-cash return is crap, but the true return is there. Through depreciation, other income taxes are offset, through debt paydown and appreciation, he's going to gain $thousands per year in equity.

Subjectively, it may appear not to be a deal, but if the buyer understands these factors and wants the property, an entry fee under $10K sounds like a deal. "Buy real estate and wait" is the big-picture game. He'll be happy he did this deal 2 years from now, and would be kicking himself for dodging it because it didn't cash flow immediately.

Hey @Caleb Christopher, I hate to but in but I have another deal.  I was wondering if you could look over:)

Post: STR furnishings for airbnb

Sandra McEwan
Posted
  • Rental Property Investor
  • Tampa FL and Augusta, GA
  • Posts 60
  • Votes 13
Quote from @Kasey Blow:

Thanks guys for the great advice. I did reach out to my CPA and they let me know if I purchase items PRIOR to leasing then most items would be capital expenditures that I could depreciate. 


Hi Kasey, What creative ways do you finance furniture for STR or MTR's? thank you

Post: Subject To – Why You Need Money To Buy Using "Subject To" (SubTo) - Safely, Legally

Sandra McEwan
Posted
  • Rental Property Investor
  • Tampa FL and Augusta, GA
  • Posts 60
  • Votes 13
Quote from @Account Closed:
Quote from @Andrew Smoot:

Theoretically, couldn’t you use hard money to cover your out of pocket costs of $36,909.07? The $900 cash flow should cover that payment. 

It complicates things but that could be done. HML is typically short term and that puts you in a position of having to find long term money to replace the H

Maybe you could find private money, use a HELOC, or a private loan. Or can you pay installments to the seller since you have that cash low.

Post: Mid-term rental deposit, application fee, & rent collection

Sandra McEwan
Posted
  • Rental Property Investor
  • Tampa FL and Augusta, GA
  • Posts 60
  • Votes 13
Quote from @Joshuam R.:

@Robert Calabro What are your fave reasons to use Avail , and your lessons learned from using it?

 Hey @Robert Calabro  I like Avail mostly because it's user friendly.  It's quick to set up tenants and also, you can create your own lease on there which i have done.  One thing I do not care for is that the communication with tenants is not easy to do on the platform.  THey would need an app and they don't have one.  Email seems to be easier than loggin in and sending a message.  Hope that helps.

Post: RE Attorney for Creative Finance Deals

Sandra McEwan
Posted
  • Rental Property Investor
  • Tampa FL and Augusta, GA
  • Posts 60
  • Votes 13

@Erin Church I have heard of Wright McLeod.  thanks again!

Post: RE Attorney for Creative Finance Deals

Sandra McEwan
Posted
  • Rental Property Investor
  • Tampa FL and Augusta, GA
  • Posts 60
  • Votes 13

@Erin Church Thank you for your response!  I haven't recently heard of Wright McLeod and I used Hull Barrett before but not for creative.  And great on the SC side, and Atlanta.  Excellent!

Post: RE Attorney for Creative Finance Deals

Sandra McEwan
Posted
  • Rental Property Investor
  • Tampa FL and Augusta, GA
  • Posts 60
  • Votes 13

@Michael McClearn  Hey Mike, curious if you have found a creative finance attorney in Georgia and even better if near Augusta.  thank you!

Post: RE Attorney for Creative Finance Deals

Sandra McEwan
Posted
  • Rental Property Investor
  • Tampa FL and Augusta, GA
  • Posts 60
  • Votes 13

@Kit Elliott Seeing your post on creative finance attorney!  Did you ever find one?  I am looking as well for properties in Augusta. Thank you!

Post: Subject To – Why You Need Money To Buy Using "Subject To" (SubTo) - Safely, Legally

Sandra McEwan
Posted
  • Rental Property Investor
  • Tampa FL and Augusta, GA
  • Posts 60
  • Votes 13

excellent! Can you assume a VA loan as a civilian?

Post: Assuming a VA loan?

Sandra McEwan
Posted
  • Rental Property Investor
  • Tampa FL and Augusta, GA
  • Posts 60
  • Votes 13

Hello, curious what did you find out about assuming a VA loan? especially if you are not a veteran assuming the loan. Thank you.