Michael Morrongiello
Need Solution to KEEP someone IN their House + Plus GET CASH to settle obligations
23 August 2024 | 11 replies
Even Hard Money lenders (with 10% to 12% interest rates might have issue with that) PROPOSAL MADE and SEEKING OTHERS:Have the Husband agree to SELL her his 50% interest in the House on TERMS to the WIFE who wants to STAY in the home and where he would carry back a WRAP AROUND Note - lets say for $1,425,000 at 7.0% with I/O INTEREST ONLY repayment terms of $8,312.50 monthly and a 36 Month Balloon payment when the entire $1,425,000 would be due.
Glenn Cross
New Investor Introduction
21 August 2024 | 2 replies
There are a few ways to analyze a current and proposed property to remove doubts on cash flow, ARV potential, Equity to leverage and how to mirror this on all properties going forward.
Rene Hosman
Denver ADU Zoning Changes
20 August 2024 | 5 replies
If anyone in Denver is interested, the city is revising their zoning policies on ADUs - you can see a summary of the changes here or you can read the full changes proposed hereThey are taking public comments and questions through Thursday and hosting a virtual town hall tomorrow evening before a recommendation is made to accept or deny the proposed changes to the zoning laws.
David Colthart
How to BRRRR in Ohio in 2024
24 August 2024 | 26 replies
How much competition will your property have to find tenants and how will your proposed property compare.
Gaurav Vedi
How to create LLC/Scorp structure for Rental properties
21 August 2024 | 7 replies
You are no more protected from a lawsuit with your proposed entity structure than the person who owns the building next door who forms an entity in the state where the property is located.
Brittany Moreland
Where to find equity partners?
22 August 2024 | 31 replies
I have a business proposal to send to investors which says in it I'm open to starting as small or big as they're comfortable with and list a couple different financing suggestions and equity splits.
Rusty Scott
Tax Treatment of Agent Commission on Own Purchases
21 August 2024 | 28 replies
What you're proposing is the conversion of ordinary income subject to SE taxes into deferred capital gain, OR potential exclusion of the income all-together under IRC Sec 121 if the property is to be your residence.I've seen no reasonable basis for such a position.
Account Closed
Vice President Harris Announces Economic Agenda
21 August 2024 | 182 replies
Communism is where the government *owns* the means of production, not controls it, that is mercantalism like Trump's proposed tariffs.
Cooper B.
Clarification on Right of Redemption in Alabama
20 August 2024 | 50 replies
In response to written demand made under Section 6-5-252, the then holder of the legal title shall, within 10 days from the receipt of such demand, furnish the proposed redemptioner with the amount claimed as the value of such permanent improvements; and within 10 days after receipt of such response, the proposed redemptioner either shall accept the value so stated by the then holder of the legal title or, disagreeing therewith, shall appoint a referee to ascertain the value of such permanent improvements and in writing notify the then holder of the legal title of his or her disagreement and of the fact and name of the referee appointed by him or her.
Stacy Gilman
Recommendations on hiring a Public Adjuster
17 August 2024 | 4 replies
Because the Adjuster's fee is normally a % of your claim payment, you may want to get estimates of the rebuilding costs and see how close the proposed settlement is before you decide if the Adjuster is worthwhile.