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19 November 2024 | 12 replies
You want to properly classify transactions such as Contributions/distributions if they are between the entity and the owner itself.If the entities are not direct owners, you have have a Due to / Due From to properly keep track of money owed between the entities.Best of luck!
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18 November 2024 | 3 replies
However, you cannot use IRA funds directly in the transaction you are describing.
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19 November 2024 | 3 replies
if your doing a senior project I would suspect your best and most cost effective landing solution is going to be a local community bank that loves real estate.. in my experience most will want 50% down on the dirt and a ton of experience and a really strong balance sheet.Myself I always pay cash for the dirt this makes finding a lending partner much easier.
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25 November 2024 | 23 replies
An interesting fact about flipping in CA -- effective July of this year, investors are required to disclose their contractor name and contact information.
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20 November 2024 | 6 replies
If the EMD is higher than you typically use, you could always use a transactional funder like myself.
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22 November 2024 | 13 replies
The locations I am looking at (suburbs reasonably far from downtown and the Tech Center) have seen 3 total transactions in the last year.
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21 November 2024 | 4 replies
Additionally, educate yourself on disqualified persons and prohibited transactions.
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20 November 2024 | 5 replies
I’m probably preaching to the choir here, but you don’t have to sell (and incur transaction costs, potentially realize a taxable event, etc.) to generate liquidity.
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22 November 2024 | 9 replies
LMHA gets a staff of a couple dozen people and a big budget to be bureaucratic, the tenant gets cost effective safe housing, and we get steady rent checks)Does anyone else have these issues???
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20 November 2024 | 4 replies
And thankfully, by the time I needed to execute on those options and actually complete the purchase of the leased properties, I had developed some private lender relationships that allowed me to complete those 3 transactions and several more thereafter.