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All Forum Posts by: Upen Mody

Upen Mody has started 18 posts and replied 44 times.

Post: Need and experienced Tax Deed Attorney

Upen ModyPosted
  • Pompano Beach, FL
  • Posts 44
  • Votes 3

Hi -- I am looking for an experienced Tax Deed attorney in South Florida, would really appreciate any recommendations you may have!

Thanks

Upen

Post: Real Estate Accountat

Upen ModyPosted
  • Pompano Beach, FL
  • Posts 44
  • Votes 3

Thanks @Greg Grant

Post: Real Estate Accountat

Upen ModyPosted
  • Pompano Beach, FL
  • Posts 44
  • Votes 3

Hi -- I am looking to work with an experienced Real Estate accountant knowledgeable with the fix and flip / rehab part of the business.  Being in South Florida, local recommendations will work out better. 

Thanks,

Upen

Post: How to pay workers for Rehab project

Upen ModyPosted
  • Pompano Beach, FL
  • Posts 44
  • Votes 3

I think I will need to issue them a 1099 at the end of the year. 

Post: South Florida - Tax Deed Attorney

Upen ModyPosted
  • Pompano Beach, FL
  • Posts 44
  • Votes 3

Hello everyone -- Any recommendations you can share based on personal experience for Tax Deed attorneys in South Florida will be greatly appreciated.

Post: How to pay workers for Rehab project

Upen ModyPosted
  • Pompano Beach, FL
  • Posts 44
  • Votes 3

Hi -- We are working on a rehab and trying to figure out how to pay the workers on this temporary project. Do we just cut them checks directly from the LLC or we need to be running payroll through ADP or another similar company?

Thanks,

Upen

Post: Broward County - Tax Deed Attorney

Upen ModyPosted
  • Pompano Beach, FL
  • Posts 44
  • Votes 3

Hi -- I'm looking for an attorney in Broward County Florida that has extensive experience with Tax Deed sales. Any references of someone you have worked with will be appreciated.

Thanks,

Upen

Post: What happens to mortgage?

Upen ModyPosted
  • Pompano Beach, FL
  • Posts 44
  • Votes 3

Hi -- I bought a property from an investor that bought in tax deed sale and sold it to me in 60 days. What happens to the first mortgage on the property? My understanding is that the mortgage gets wiped out but wanted to check!

Thanks,

Post: Lending through self directed IRA

Upen ModyPosted
  • Pompano Beach, FL
  • Posts 44
  • Votes 3

You can also setup a Chekbook IRA LLC in addition to a an account at one of the custodians. The LLC needs an operating agreement by a lawyer that is knowledgeable in this space. Your IRA can then invest in the LLC which can then make hard money loans and other RE investments. Once the setup is complete, a checkbook IRA LLC makes things a lot easier.

Upen

I'm looking for a good book/article that can provide a primer on notes business (both performing and non-performing) based on today's note market...any recommendations?

Thanks,