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Results (10,000+)
Isaac Blocher The Cost of Transactional funding
29 August 2024 | 70 replies
@Ted Akers  yes for instance this would not work well in WA with the excise tax of 1.78% or there about on title transfers.this was a low end deal in GA so it was a normal wholesaler approach I think the guy made 10k on the deal we made a few bucks and they absorbed the one closing costs and transfer tax which was probably nominal I would have to look at the hud.I can see this working in states were double escrows are not allowed any more... or if a wholesaler wanted to put to bed the thought that they are selling re without a license.. you know the wild wild west out there in that industry were basically anything goes   until it does not  LOL.I am NMLS mortgage banker sitting in the bullpen.. my license is on ICE but I do the CE.. just don't want to have to take the test again incase I want to jump back into doing HML.. so for right now taking title is a clear path.. no securities issues no licensing issues.. etc etc.. and 100% control. the only way I will do this these days.. but then again my clients are well known to me for more than a decade most of them and they are high volume flippers etc... so we have a lot going on...
Will Mejia Just sold a Rental Property. IRS is going to kill my gains help!!!
30 August 2024 | 29 replies
While your cash earns interest in a money market account, you could also explore tax-efficient investments in a brokerage account to make your money work harder while preparing for the tax hit.
Gp G. Roof leak and Mold related Issues
25 August 2024 | 5 replies
I asked my roof contractor to remove the skylight and replace it with a normal roof as well (which he did a few days back).My tenant is saying to the PM that he is getting medical testing done now due to mold related health issues.
Ryan Louz Is Columbus Ohio still a good place to invest?
28 August 2024 | 10 replies
Columbus has spent 1.4 billion just on downtown highway development as the city prepares for the growth.
John Conlon Moving to North Carolina from NJ, worth it?
26 August 2024 | 6 replies
You can't transfer the license though, you will have to take the class and test again, but it will be easy.
Corey Dutton Are 100% Financing Loans for Rehabs a Scam?
27 August 2024 | 43 replies
As a lender you must prepare estiamtes for loan expenses, profits would be unknown, so they can't be disclosed under RESPA and your APR calculations will be off by much more than one tenth of one percent, so there can be another violation as a lender and usury law may apply as well.
Dalton Smith Ask a General Contractor (me) anything!
25 August 2024 | 61 replies
I know it’s 4 years of work and gc test or 1 year of work and construction management degree.
Glenn Cross Seeking guidance - What to do from 1st to 1st?
27 August 2024 | 10 replies
You made an incorrect assumption that I was being lazy and not reading or studying how to prepare for this venture. 
Gary Stark Tax advice for real estate investing
26 August 2024 | 10 replies
@Gary StarkReal estate tax return preparation is very complicated.