Robin Cloud
Three Applications...who to choose??
27 December 2024 | 13 replies
Quote from @Robin Cloud: rent is 3500. income for #1 150k income for #2 163k #3 130k they are super young and moving from their parents house.
Christina Hall
Best skip tracing website?
29 January 2025 | 40 replies
Yes, about 82% of properties are matched to a person in DealMachine - you get their phone, email, age, birthday, income level, renting OR owning.
Michael Nguyen
Due on sales clause...Has anyone experienced this?
31 December 2024 | 2 replies
However, from my research it seems as though getting financed for a property with an llc that shows no income can be difficult.
Tyler Jahnke
Morris Invest Case Study 2.0
30 December 2024 | 819 replies
You certainly do not want to hold these things for decades as a retirement plan.
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
Creative ApproachesIf the organization is hesitant about a sale, consider proposing creative terms:Seller Financing: The non-profit could retain an income stream from the property by financing the purchase.Partnership or Lease-Purchase Agreement: Offer to lease the property with an option to buy, giving them time to evaluate the relationship.Donation or Support: Consider including a donation or offering support for their mission as part of the deal.
Brian Bailey
STR Rental @ $356k Purchase / $56k Annual rental income - 90% LTV DSCR Options?
15 December 2024 | 5 replies
Not how much can this property earn as an Any DSCR lender is going to go to lend off the income approach.
Hank Leber
4 Lakefront Cabins
2 January 2025 | 1 reply
The extra income is not worth the disruption to our neighbors.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Stanley Clervil
Advice on starting portfolio
12 December 2024 | 2 replies
To start my portfolio, I intend to buy a property in my area to retire my mother from New York.
Anita Z.
Real Estate Investor Tax write-offs
10 January 2025 | 16 replies
To write off travel expenses incurred while looking for a property to invest in:Business License: Not needed.Deductible Expenses:Travel Costs: Yes, such as gas or airfare.Lodging: Yes.Meals: 50% deductible.Education Travel for Real Estate: Yes, 100% deductible.Important: All these expenses are deductible if you report rental income.
Marcus Stokes
fix and Flip
18 January 2025 | 21 replies
Tax-wise, profits are taxed at your ordinary income rate, and frequent flips may subject you to self-employment tax if classified as a dealer by the IRS.