All Forum Posts by: Yeshua Williams

Hello everyone. I wanted to see if there KS anyone I can connect with to discuss their experiences with dealing with Foreclosures.

Everybody has their niche and I want to make mine Foreclosures so I'm hoping we cand sicuss some pitfalls. I know there is options like wholesale and fix and flip but also construction liens until they sell?

Love to get any feed back. Thanks

I'm just curious if anyone has run into this situation? Basically my renter of the BRRR property wants to do rent to own, never been asked, and not entirely against it. Any thoughts? Does it trigger due on sale?

Thanks

 Thanks, Nathan - I probably phrased what I was looking for incorrectly but I do think you answered my question.  Thanks!

Hey everyone, I was hoping someone offered a good walkthrough or site for when I purchase a new property in an area and then determine what the price is for going rent for a similar type of unit.

Thanks!  Hope this makes sense!

@bjorna They don't tell you what to do with the money just how much it would cost you.   In this case, taking it as income isn't a fantastic idea, and again the 1031 exchange is out because we want to keep it.  So I'm looking for a way to use the income and see what other people have done.

The best we've thought of it to loan it to another company, but not sure if anyone has had experience with that.

Hey Gregg, sorry "holding" is vague and ambiguous, what I mean is I don't want to do a 1031 exchange and want to keep it.

A little while back we acquired a property that was a real fixer-upper.   Well, we did a good job and now have positive cash flow.  In terms of positive cash flow, what do you do for taxes?  We'd like to take some out but our tax guy says a 1099 "will murder you".  We'd explored the typical W2 employment route and taxes there are insane.

We'd like to get another property, but want to keep this one so an exchange is out. What do you do here? I don't want to take just income out, so do you loan it to yourself and then use that to buy another property? Do you just form another LLC/Trust and then have one loan to another?

Any experiences you could share?  Thanks!

I guess I really have a two part question.

1) I recently bought a list from listsource (small < 300 leads) and I was wondering what everyone would do next?  Would you just cold call the owner or do a drive by and see if it's abandoned?

2) Is there any other lists besides ListSource, theyre expense.

@Gibran Saliba

What do you mean by "pinned"

Hi eveeyone. I'm interested in starting the wholesale process and was hoping someone in Delaware could teach me the ropes. I also need an attorney who's friendly to wholesaling.

Any suggestions recommendations?