Stacy Fowler
New multi-family property owner
21 January 2025 | 1 reply
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
Tony Schmucker
New Investor Seeking Advice on Relocating and House Hacking
30 January 2025 | 26 replies
Narrow your top cities, build a local team, and refine your financial analysis to position yourself for success.Good luck!
Paris Scroggins
Looking for local knowledge
1 February 2025 | 2 replies
Hopefully, you find it helpful and qualifies us to assist you with your goals:)---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Katie Southard
Really want my rental in an LLC
14 January 2025 | 1 reply
Your taxes are none of the ex wife's business and this would seem to address your concerns.I would also put her on notice that future requests for financial discovery will be two-way and if a discrepancy is seen in the other direction you will seek support from her.
Jason Lopez
Do I need an LLC for my rentals?
31 January 2025 | 9 replies
Build a financial history with your LLC.
Shawn Tinerino
selling with seller financing
23 January 2025 | 3 replies
I would underwrite buyers based on stability of income, financial payment history & ability to pay.
Andrae S Wiggins
New Investor looking to purchase their first property
28 January 2025 | 6 replies
You want to have your financial house in order so you know what you CAN afford and what you SHOULD spend.
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
Clear financial separation ensures all rental expenses are deductible, maintains legal protections, and simplifies tax compliance.This post does not create a CPA-Client relationship.
Kwanza P.
Anyone with success setting up and then investing in real estate via an LLC/IRA?
29 January 2025 | 9 replies
Many people choose NOT to have this, because the administrator will then vet every investment you make to ensure you do not invalidate your IRA.Invalidating your IRA means that you've done a prohibited transaction and the entire account is then deemed as distributed to you.If you don't want checkbook control, then I recommend a plan administrator such as Equity Trust - www.trustetc.comIf you are sure that you're aware of all the rules around prohibited transactions and disqualified people (who you can and can't do business with), then a plan administrator like Sense Financial would be a good place to start talking.
Devin James
Gross Margin Calculation for New Construction
28 January 2025 | 10 replies
Another would be you are building other units next door/nearby and you can chalk this build up to the "learning curve".I didn't see a CFO on GLH or GLC's website, but I'm sure you have someone doing this type of financial analysis for your developments?