Tinia James
Made no profit this year should I still file taxes?
20 December 2024 | 9 replies
Yes, but I do not have one.So would I just file a regular schedule C.
Annie Anson
How to meet material participation hours for out of state investors
22 January 2025 | 25 replies
Your best bet is probably to get your real estate license and start actively being a real estate professional or buy a STR in your market that you can physically be at on a regular basis.
Corey Goldstein
How Much Can I Expect to Get for Selling High-Interest Owner-Financed Mortgages 10%+?
14 December 2024 | 7 replies
We buy seller financed notes routinely and would be happy to evaluate what you have.
William Burns
Detroit Housing Commission Section 8 System
18 December 2024 | 5 replies
Some landlords report that it regularly takes around six months to start receiving direct deposits from the government.
Andrew W.
Texas Series LLC - Bank Account Recommendation?
19 December 2024 | 14 replies
If I require a separate EIN then I would just make regular LLCs.
John Malone
Are you aware of the new Corporate Transparency Act Coming in 2024 (every LLC)
31 December 2024 | 22 replies
This is the exact same approach we are taking - information has gone out a few times in our newsletters over the last year and a half, with more details available upon request, along with FYIs to clients at year end or other regular meetings.
Derek Stevens
Valuation of unconventional and profitable STR property
26 December 2024 | 18 replies
The nicer houses had brick foundations but regular folks built on cedar piers.
Randee Erickson
Blue Gate Capital - are they legitimate?
17 January 2025 | 37 replies
I wasn’t feeling good about anyone pursuing me to lend me money, but this cements even more why to stick with regular lenders when possible.
Ryan Crowley
Pay off mortgage and snowball?
19 January 2025 | 61 replies
Because, if you are a “regular” person meaning don’t make 5M a year W2 / legit bussiness which shows on tax returns, you can’t qualify for 20M loanAlso it mean, that people who buy 20M condo, chances are they have 100M-200M cash sitting and not doing anything.Return of equity is 0, as it also the cash sitting in a bank.Debt is cheap now days: 4-5%, but if you have “unlimited cash”, then not need to pay 4-5%As far as max cash flow and minimum risk - it’s something a lot of members discussed already.And last but not least - let’s not go off topic.
Scott MacComb
Contract with general contractor on house flip
31 December 2024 | 13 replies
Regular schedule updates should be completed to track the progress vs. the baseline agreed upon schedule.