All Forum Posts by: Jeffrey Evans

Nice!  Glad I picked up a place in NB.  Hope it keeps growing and appreciating.  

Congrats @Peter Aziz on your first multi family !  I will be there for the symposium on the 12th also..  Looking forward to it.  

Welcom to BP @Owen Hawbaker !  I am a fellow Okie as well.  I grew up around Sulphur.  Cali transplant now.  Still have lots of family back there.   Good luck with your real estate journey..  Feel free to reach out if you have any questions or anything..

I have never had them look at net, just gross.  

@Anthony Morgan do you think this is going to go away with the new tax laws they are trying to pass?  I am interested in doing this but figure I should wait and make sure it doesn't pass first.  

@Kevin Hart thanks man.  Ya I spoke to a lender that would be able to do it prior to the 6 month but the loan amount is to small since it is on the cheaper side.  

@Jibu V. that’s it!  I couldn’t remember but heard it talked about on a podcast. 

I was under the assumption that I could refi out of my hard money anytime but I am told I have to wait 6 months to do so and get cash out.  If I don't want cash out I can do it sooner, but defeats the whole purpose.  Feels hard to grow the portfolio very fast having to wait.    

Just curious what others are doing in regards to this.  

thanks for any input 

I have heard this discussed on the podcast but forget the easy cheap way they did it.  There are products that allow it though.  I will try to find it..  I am curious also.  

I am curious what state I pay income tax on for my LLC if it is out of state? Do I have to register it in both states or just the state the LLC is held in?

And curious of the different tax implications of a house in an LLC vs my personal name.

thanks in advance.