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27 March 2024 | 43 replies
We didn't take individual investor calls.
26 March 2024 | 8 replies
Hello, my question is in regards to Texas Franchise Tax: I formed my LLC in 2023, as a Series LLS (4 properties), Is all rent received from the 4 rentals added together and submitted as one business income or is it broke out individually and filed by each rental?
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27 March 2024 | 12 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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26 March 2024 | 5 replies
Also feel free to contact me as I am looking for like minded individuals that may be able to bring value to each other.
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27 March 2024 | 10 replies
The optimal course of action is contingent upon an individual's investing objectives, risk tolerance, and personal preferences.
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26 March 2024 | 10 replies
I thought maybe an individual loan shark would but why try it that way i keep telling him to do a HELOC.
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26 March 2024 | 9 replies
In other words the gentleman had more to lose than Phill Grove on that transaction.Each and everyone will surely have their own experience and there will never be a shortage of genuine individuals willing to steer themselves away from perpetual 9-5 until retirement, so there will always be Gurus out there.
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26 March 2024 | 34 replies
Your participation in the activity for the tax year constitutes substantially all of the participation in such activity of all individuals (including individuals who are not owners of interests in the activity) for such year.2.
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26 March 2024 | 5 replies
You should always be confirming this before a walk through, unless you are doing a group walk through time over a couple hours where the investment is lower than an individual showing.
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26 March 2024 | 2 replies
For example if the downpayment is $100k and they put in $50k i would give 25% of the overall ownership of the deal and the cashflow to that individual.