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27 April 2018 | 10 replies
Tenant has been there for 4 years, he's always paid a bit less than tenants in identical property because he moved in November, at the time we had no other qualified applicants.
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6 May 2018 | 9 replies
What if someone hacks your identity and lowers your credit score?
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22 June 2018 | 76 replies
That is the bigger part of my identity and fuels the rest of my life including my investments in RE, stocks, crypto etc.
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7 May 2018 | 9 replies
You are right on the corner of Hampden which is very loud and busy as you mentioned which will require a significant discount comparing it to an identical house that is even just half a block in from Hampden.
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8 May 2018 | 8 replies
And you can put the property in an entity like an LLC or S Corporation so your identity will remain anonymous.
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11 May 2018 | 12 replies
Focus on the behavior not the person/identity.
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11 May 2018 | 2 replies
Both have identical payments, but the down payment on the ARM is $25K less.
1 December 2017 | 3 replies
It's a duplex in a C class neighborhood.Below are the expenses:Purchase price: $94,000 (conventional financing 25% down w/ 5.375% interest rate)Total Rent: $1,250 (both units are identical 2/1)Taxes: $75Insurance: $8.33Vacancy: $125.00 (10%)Repairs: $63.50 (5%)CapEx: $63.50 (5%)Prop.
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4 December 2017 | 13 replies
Don't pierce the corporate Veil: This can occur if the entity either is poorly capitalized.Inadequate Initial funding of the entityor fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books)Conversion of entities Assets for Personal BenefitAnother factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.As you earn more income from flipping business, you should definitely elect to S-corp to save on SE tax. but if you are not making around 80k Plus, the benefits are outweighed by the complexity and expenses of maintaining it
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2 December 2017 | 8 replies
@Sam Alomari Account Closed This seems like an identical post, but good information none the less (whoever came up with it) haha