All Forum Posts by: Brandon Hellenbrand

In your post regarding "tax shelter" where llc members are related by family and each participate in the business, would each member be considered a general member on schedule k-1 for section G? If so, then the interest limitation would not apply?

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Our inspection report indicated a few suggested fixes. We asked the seller to compete the fixes as part of our contingency agreement and they offered to just give us cash back at closing to cover the costs. We agreed received the cash back. How do I account for this come tax time? Is this taken out of the cost basis of the purchase?

Thanks for the help,

Brandon

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Looking to place an offer on a 4 unit property. I ran all the numbers and the return from a ROE and Cap Rate meet my criteria. The property is not currently listed, but my real estate agent knows the seller and approached me with the property. They are asking $314,900. If I want the property and the numbers work at that price, do I just offer their asking price or is it worth at least offering 310,000 and see if they accept or counter with something in the middle.

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I'm looking for an investor friendly Real Estate Agent for Rochester MN. I'm looking into buying some rental properties in the area.

Brandon

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Originally posted by @Nicholas Vandervelde:

Hello Hussain,

I'm a investor and commercial lender in Madison with 1st National Bank in Waunakee. We don't do FHA loans at our Bank but I would recommend Joe Long at Waterstone Mortgage. He is also an investor and very knowledgeable about the FHA programs.

We do finance investment properties on our commercial side of the bank. We typically look for 20% down on 3 to 5 year balloon notes. Where we differentiate ourselves from other banks is by accepting owner financing at part of the 20% down payment. We also allow you to finance your properties in an LLC instead of personally. If you every would like to chat more, please feel free to send me a personal message.

@Nicholas Vandervelde

Hi Nicholas,

I'm interested in connecting in regards to commercial lending to an LLC. What is the best way to contact you? We are looking for multi-families in the greater Madison area, but would like to finance through an already established LLC.

Thanks,

Brandon

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All Forum Posts by: Brandon Hellenbrand

Brandon Hellenbrand has started 3 posts and replied 5 times.

Post: How the New Tax Code Affects REI w Amanda Han and Brandon Hall

Post: How to account for cash back from seller for repairs?

Post: Should I offer The Asking Price?

Post: Rochester, MN

Post: Recommendations on Lenders in Wisconsin