Credit repair procedure The Fair Credit Reporting Act of 1978 allows you to contest negative marks. You want to be able to contest any Mark that’s on your credit report. The procedure in general is this: Get a copy of your credit reports Highlight one mark that is negative Dispute the mark saying that it […]
What is Section 8 Housing? Section 8, also known as the Housing Choice Voucher (HCV) program, is a federally funded program that helps low-income individuals and families pay rent for housing in the private market: Eligibility To qualify, a family’s gross annual income and family size must be at or below 50% of the median income […]
Rental Property Taxation FAQ 1. How is rental income taxed? Rental income is taxed as ordinary income based on your IRS tax bracket. For instance, if your rental income is $10,000 and you fall within the 22% tax bracket, you’ll owe $2,200 in taxes on that income. 2. What deductions can I claim for a […]
What is the notes business? The notes business is a wonderful business to be in versus traditional landlord. Owning notes I think is easier. But you have to understand the notes business. It takes a while to learn about it. I want to invite you to two websites about the notes business, One is https://www.mortgage-investments.com/ […]
key factors to maximize the value of your seller-financed mortgage note when selling it: Top Factors Affecting Note Value: Buyer Creditworthiness Strong credit scores increase note value (get reports for all signers) Spousal income/credit should be included Poor credit makes notes nearly unsellable Property Valuation & Equity Maintain ≤75% combined Loan-to-Value ratio (including any 1st […]
You’ve got to be cautious about signing an Exclusive Listing Agreement with a listing agent. We teach about listing property with an agent and getting safeguards for you the real estate investor. Listing Agreements The Buyout Agreement Offering A Bonus The Right To Cancel What If The Agent Says No
FHA 203(k) Loans: A Complete Guide Summarize with Rocket Assist Feb 14, 2024 6-MINUTE READ AUTHOR: SCOTT STEINBERG An FHA 203(k) loan – also known as a mortgage rehab loan, renovation loan, or Section 203(k) loan – can be used to fund both a home’s purchase and renovations under a single mortgage. In effect, it allows […]
Hard Money Hard Money Loans: An FAQ 1. What are hard money loans and how do they differ from traditional loans? Hard money loans are short-term, private loans secured by real estate. Unlike traditional loans from banks, hard money loans are primarily based on the value of the property rather than the borrower’s creditworthiness. They […]
In real estate investing we use Partners a lot. I’m going to discuss some common Partnerships. Wholesaling, we partnered with people that have cash buyers or have properties and they need either Properties or cash buyers. Will use a co-wholesaling contract which is a joint venture agreement. In large projects I have used joint ventures […]
Rental Portfolio Building A Rental Portfolio Rehabbing Rentals Properly – Keep Track Of Your Paint Codes – Use Commercial Grade Carpet – CH&A Is A Must – Security Bars – Maintaining Quality Rental Units Finding Tenants – Screening Tenants – Why Are They Moving? – What Is Their Credit Like? – Where Do They Work? […]