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All Forum Posts by: Will Jones

Will Jones has started 12 posts and replied 17 times.

Post: Are FHA Loans Assumable- Selling a Property in Harrisburg, PA

Will JonesPosted
  • Investor
  • Hawthorne, NJ
  • Posts 19
  • Votes 1

@Christine Z. just a thought. But if tenants have no plans on leaving and if they always pay on time . Two big ifs. Maybe pitch to sell to them with owner financing .  Just a thought . Figure I’d throw it out there. Good luck either way.

Post: Deal structure for silent partner (the money)

Will JonesPosted
  • Investor
  • Hawthorne, NJ
  • Posts 19
  • Votes 1

Hi everyone , I've got a quick question. If you were to have a silent partner who would be the money for the deal. What would be the ideal terms for both parties.

1)how long of an agreement? Flip and Rental

2)points

3)pros and cons

4)percentage split

Thanks for any input

Will

Post: Cash out refinance is it worth it

Will JonesPosted
  • Investor
  • Hawthorne, NJ
  • Posts 19
  • Votes 1

Hi I was wondering if anyone has done a cash out refinance. How was the expierecnce? I recently bought a house and have some equity in it. I was wondering if it is a smart idea to cash out and refinance and if that's even possible. Any advice would be great. Thanks

Post: Whats the next step? (llc,management company)

Will JonesPosted
  • Investor
  • Hawthorne, NJ
  • Posts 19
  • Votes 1

Thanks Deborah , def helpful.

Post: Whats the next step? (llc,management company)

Will JonesPosted
  • Investor
  • Hawthorne, NJ
  • Posts 19
  • Votes 1

Hi Guys,

I just recently bought my second property. I now own a 2 family and a single family. Both are investment property's. My next step I'm not sure of. I keep hear conflicting things. Everything I hear tho is from parties that don't do this for a living. My question is what's next. Do I start an LLC?

Maybe a management  company ? I am going to manage these property's myself. What did you guys do or what would you do? Thank you for an advice.

Post: how to collect rent in a rental that is out of state

Will JonesPosted
  • Investor
  • Hawthorne, NJ
  • Posts 19
  • Votes 1

Hi everyone , I recently picked up a rental out of state . I was wondering what are some of the ways some of you guys collect rent. I'm trying to see if there is any better options then  have them mail the check. thanks

Post: How to work with Profit

Will JonesPosted
  • Investor
  • Hawthorne, NJ
  • Posts 19
  • Votes 1

When u make profit on a rental how is it taxed at the end of the year? At what rate and is there a better strategy for this? Any info would be helpful thank you

Post: What is the best plan you hold rental properties?

Will JonesPosted
  • Investor
  • Hawthorne, NJ
  • Posts 19
  • Votes 1

Thanks Michael B.  I've heard about the liability insurance.   I think it's a smart move . But I do also agree with Kenneth garret .  My concern is more of an asset protection.  Definitely going to look up Mark Kohler on YouTube. Thank you guys for the feedback.

Post: What is the best plan you hold rental properties?

Will JonesPosted
  • Investor
  • Hawthorne, NJ
  • Posts 19
  • Votes 1

I'm buying rental properties in NC. I was wondering if there is a preferred way to run them. Weather it be by llc each one? Keeping them in your name? Tax reasons as well . Any pros and cons would be greatly appreciated. Thanks

Post: Wholesalers /foreclosure

Will JonesPosted
  • Investor
  • Hawthorne, NJ
  • Posts 19
  • Votes 1

Hi I'm  looking for wholesalers or foreclosure properties in Hubert nc. Any help would be greatly appreciated.