BJ_GIBBONS
– Creating Notes
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 […]
– Tax Advantages Rental Properties
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 […]
Notes Business
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/ […]
-Paperwork with Listing Agents
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
– Financing Rehab Houses
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 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 […]
— JV Partners
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 […]
Building a Rental Portfolio
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? […]
Retailing – Rehabbing Course
How do you get involved with retailing or rehabbing a house that needs work, especially if you haven’t done it before? Well first thing you need to do before you buy a rehab property is to find a good Builder that enjoys doing rehab work. Once you find a good builder then you can research […]