22 November 2021 | 2 replies
Nope, they sell all the mortgages as MBS (mortgage backed securities) they’d run out of money if they held on to them all.

22 November 2021 | 1 reply
Real Estate is a very good investment in 2021, as it is the only investment you can quote the price and as per the trend in the past, present and in the future, real estate will be the one and only investment that you can blindly invest and wait for the returns.After a complete lockdown and economies trying to crawl back to normal, every government will also look into this sector as this is the only sector the money flow will help the people and the government to get back up quickly.India is a country where most of the millionaires became millionaires because their forefathers bought some property and that property appreciated immensely over time giving them manifold returns.There are lots of benefits to investing in Real estate not only in 2021 but in all the years.As we all know the Real Estate is something which we cannot produce or we can say it is a limited asset the earth give to us.If you want to invest in your Secure Future then Invest in Real Estate as it value is always increse.The best way to invest in real estate really depends on three things: your level of expertise in the area, your risk tolerance, and the amount of time you’re willing to give up as part of your investment.I for one have been very reluctant to learn about blockchain and the market luckily I have seen how it simply affected the stock market, take BTCS for example.

29 November 2021 | 36 replies
I’m curious what methods some of you are using to secure profitable short-term rentals with the inflated market values we are seeing today.

26 November 2021 | 6 replies
Operating expenses include (but are not limited to): taxes, insurance, management, maintenance, entity maintenance, advertising, utilities (at least during vacancies), legal fees, damage done by tenants (over the security deposit), vacancies, setouts, lawsuits, and capital expenses (not technically an operating expense).Stated another way, the 50% rule, which is generally considered to be fairly close to actual expenses, states that …50% of your gross rents will be taken up by expenses, such as property tax insurance vacancy property management maintenance capital repairs legals and accounting.From the remaining 50% you service your debt, if any, and the remaining is your profit.

22 November 2021 | 3 replies
Pull equity out of current properties, use that to secure next property.

24 November 2021 | 8 replies
If the lender is left holding second lien position, they want to know there is value there to secure their loan.My advice is make improvements to the property to force appreciation and wait a year or two for more time based appreciation.

22 November 2021 | 6 replies
I have always been told to weight equity over cashflow, especially when early in the game or in the building phase.
12 December 2021 | 3 replies
My partner likely wants to do a solo property next go around, so I'm afraid I might struggle to get financing by myself as I had to rely on them to secure this project's construction loan.

24 November 2021 | 3 replies
Many accredited investors want to see your failures more than one super successful deal in order to see how you bounced back and what you have learned, as this ensures some more security for their capital investment.

8 December 2021 | 9 replies
An EIN is good for disregarded entities as you don't have to give out your social security number.The title company likely is asking for a W-9 form instead of a 1099.The W-9 form will mention items like your name/business name, EIN/SSN, entity status, etcYou would then be issued a 1099 by the title company by the end of the year.The next step is reporting the wholesale income on your 2021 return.