13 November 2024 | 2 replies
Whoever taught you that I would go to them and do what they did as this setup for an ownership structure in my opinion is far to complex and your CPA is going to be scratching there head at end of year with all the tax stuff they will have to do and how you have to keep bank accounts for each entity and move money form one to the other to the other....

16 November 2024 | 12 replies
Live in new home while it appreciates for 10 years until I get a faculty housing spot, sell private market house, put proceeds (minus downpayment) in bank for retirement (I estimate this will be 1.3 mil before capital gains and real estate fees based on 7% growth in a very desirable Southern California location), and take out new loan for lower cost faculty housing.

11 November 2024 | 2 replies
Can someone recommend any advice on anything (setting up partnership structure, accounting/ setting up a bank account , lending with foreign investors, sourcing deals etc…).

11 November 2024 | 2 replies
Will it match the statement amount up with the actual credit transaction for the bank account attached to Stessa?

13 November 2024 | 4 replies
Once you pay that money back to the bank you cannot access it again.

11 November 2024 | 4 replies
If you have an LLC, ownership percentages are recorded and thus difficult and/or costly to change if an active partner is earning equity through actions.To give some personal experience, Lending and banking can be difficult at best, impossible at worst with a Land Trust.

11 November 2024 | 2 replies
They are two different methods and there is a ton of content out there on both.Seller financing - the seller basically becomes the bank.

13 November 2024 | 11 replies
Also, @Jamie Banks has this stuff down to a science as well.

13 November 2024 | 6 replies
You actually end up making the tenants utility bill go down while you pay what the difference is had there not been panels; to a bank.

12 November 2024 | 3 replies
My assumption is that when negotiating the purchase of the property I would have to pay off the mortgage, or would I be able to Pay off the taxes and maybe provide the current owner with some cash and then work with the bank on the mortgage?