All Forum Posts by: Kyle Posey

@Kareem Johnson I originally looked at Waco, Tx then Columbus & Cincinnati, OH then finally settled on Huntsville, AL... it all came down to purchase price, rental estimates and cheaper taxes. (Though I still see some potentially good looking properties in OH)

I gotta ask - how did you narrow it down to those 2 locations?

I'm an out-of-state investor, still narrowing it down to a couple markets, and I'm finding it quite difficult to predict a rental rate when comps on zillow/realtor vary by ~$1000/mo.  

ANd then I'm also trying to understand property taxes better.  When looking at individual property on the county tax website - it's showing a property value of less than half of what it's selling for.  ANd of course, I'm trying to find out if my purchase would bring the house value up to what I paid (which would turn a $1500/yr property tax to nearly $3500/yr if taxed at the same rate).

Any wisdom on these areas?  I don't want to be ignorant when going into a deal and having my cashflow eaten alive by increased property taxes or inacurate rent predictions.\

Thanks!

@Brendon Foster I was asking more from the tax perspective.  My company is a C-Corp, and I’m just trying to move money from one business venture (web design company), to another business venture (investment property that My wife will likely be getting the loan on). 

I’m concerned that if I do this wrong I’ll be paying taxes on the down payment my company provides, and at worse I’ll be doing something illegal.

Just to clarify, I own a web design company... and that business has some cash from the sale of an asset.

However, my wife and I want to invest in real estate Personally.  I’d rather not take that cash from my business as income just to reinvest it in another business. (That seems dumb to me). Instead, I’d like to have my business put money towards the down payment.

Just trying to figure out how to navigate all this.

Thanks Heather!

Hello!

I'm trying to find out the best way to find out when a real estate agent helps sell/buy a property.  I'm assuming this information is tracked SOMEWHERE in a single place... right?!?

Is this something the MLS tracks? Does the MLS include the buyer/seller name?

I'm trying to build an automated way to track this information, and I figured there's some crazy smart & resourceful people here that may have the answer.

What am I trying to do?  I'm trying to build a tool that I can use with my realtor to track how our website funnel is doing at converting leads. It's a painful process to try and match up website leads with real estate transactions.

Any help on this would be GREATLY appreciated.

I’m looking to invest in real estate, and my company has cash available for the down payment.

Is this allowed? I’ve been trying to get creative in looking at down payment sources, but want to go about things correctly.   I have no idea who to ask, or even what questions to ask.