All Forum Posts by: Adrian Peterson

Does anyone know of an investor friendly Title search app like Property Radar, for the state of Florida?

@Nicholas Aiola Not looking to commit tax fraud. Wondering if there are any savvy investors here in BP that know of a structure/strategy using other entities or strategies that would work. I know of several legal strategies that work for flipping houses that most flippers don’t know of. But with financing, I’m limited with my knowledge although I know there are good LEGAL strategies out there that few know of.

My wife is looking to refinance a property she purchased more than 6 months ago. She is a CA Real Estate agent and receives a 1099 for her commissions. in 2018, she deducted a large write-off so that to avoid paying high taxable income. Consequently, the tax returns now show low income as a result of the write-off, thus disqualifying her from being approved for her refi.

Should our taxes have been structured differently? If so, please advise. Thanks! 

Greetings! I had purchased a distressed property here in CA 6 months ago via hard money. I rehabbed it and now have a lease agreement in place (contingent upon me wrapping up with 30 year traditional loan). The lender told me that I need to own it for at least 1 year to qualify for refinance. What am I missing here? How were you able to get around this condition or do you believe my lender is mis-informed?

Thanks!

AP

@Jason Wong

1. Transfer your property into a land trust

2. Establish a C-Corp as a management company

3. Establish a disregarded LLC and appoint as the beneficiary of the Trust and manager of the Corp

4. Have STR funds paid directly to the Corp