
26 November 2024 | 8 replies
You need a proof of funds or a pre-approval to go with any offer so if it's hard money, they will issue a letter.

2 December 2024 | 21 replies
They will normally have some pre-payment penalties in the first couple of years but if you are keeping long terms that's not an issue.

25 November 2024 | 2 replies
Henry great perspective on the container issues..

26 November 2024 | 25 replies
The biggest issue is most of these "gurus" that get new wholesalers involved teach them to be deceptive when they approach realtors.

27 November 2024 | 16 replies
The “first-come, first-serve” urgency might be their style, but without a timely responses, it could signal future communication issues down the road and frustration on your end.

26 November 2024 | 6 replies
Do other investors/marketers have the same issue?

28 November 2024 | 10 replies
Many investors do this and don’t see issues, but it’s best to proceed carefully and know there’s some risk.You don’t necessarily have to inform the lender, but it's wise to consult a real estate attorney or CPA to guide the process and minimize risk.

26 November 2024 | 4 replies
Here is a detailed look into this issue:https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

26 November 2024 | 4 replies
Spending more than 100 hours and more than anyone else, or substantially all the time in the business.So if you own an STR and meet the test, you can set up a tax deduction machine.Some issues -- You have to count your time, and the time other people work in the biz (cleaning, maintenance, etc..)- If use the property more than 15 days or 10% of the time it becomes a residenceI suspect this is part of why the STR trend has picked up so greatly amongst professionals working in tech.

25 November 2024 | 12 replies
I inquired about the possibility of a two-company structure: A traditional LLC that is the public face of the activities (collecting rents, paying contractors, etc.) and managing the Series LLC with each property in once cell in it (in this case, Series LLC is serving as a holding role).Again, one attorney said that would be much better than a standalone LLC and that is recommended approach, and the other said it is waste of time and money since there are some requirements from Texas Real Estate Commission, which is requiring being a licensed broker in the state to operate in the managing LLC.So, just want to hear what other Texas investors are doing when it comes to series LLCs regarding these issues.