Vhernadette Sasing
Investing strategies to replace $500k+ W2 income
5 December 2024 | 37 replies
The investors that I work with value that we act as their boots on the ground for the transaction and normally use the equity gain to buy the next property.
Adam Bartomeo
Cape Coral / Ft. Myers / SWFL Market Update Nov 2024
26 November 2024 | 3 replies
And anytime you have that cheap of lots that are buildable you can get a building boom that will far surpass normal absorption liike what we are seeing now or saw what 3 years ago or so.. builders / GCs taking on 50 jobs at once with no hope of ever being able to deliver simply not enough subs and such to keep up.
Tim Callahan
In Maine, can I use a tenant's security deposit to cover legal fees for an eviction?
26 November 2024 | 4 replies
For a $1,500 rental, the prorated rent is normally $50/day.
Lorraine Hadden
Is AN 800+ FICO CREDIT SCORE EVEN POSSIBLE?
9 December 2024 | 38 replies
I keep my balances really low and pay my credit cards weekly on payday so I don't normally run into this problem but I have seen the rare chance when I am on vacation and have large spend that aligns right at the end of a billing cycle where my reported balance goes up by a few thousand dollars.
Aaron Johnson
Best Resources for Vacation Rental Investment
18 November 2024 | 9 replies
Maui, for example, has been a great place to own vacation rentals historically, but we've seen a huge dip in tourism in the wake of the fires.
Charles Burgess
Upside & Downside of Buying All 1Bedroom Apartments
25 November 2024 | 2 replies
Outside of normal deal analysis (market info, cashflow, etc.), are there any particular upsides or downsides of purchasing all single bedroom units vs. a more traditional mix of units for a property that size?
Dana Yobst
Consolidate Retrieval & Legal Efforts Against SCOTT CARSON & INVERSE ASSET Fund
26 November 2024 | 22 replies
Most criminals defrauded the IRSI wonder what would happen if the people who combined lost like $2M all sent 1099's to him-I bet that would wake up the IRS but not sure if it would impact their claim later on.
Mitch Holmes
Bag of cash but no W2
27 November 2024 | 10 replies
It's also worth mentioning that I already have a good relationship with a wholesaler in town who knows other good contacts, and I am able to use some of these contacts as good resources for general knowledge and learning how it all works.I recently had to close my business of 9 years, and so instead of getting a W2 job or start some other "normal" business, I'd much rather prefer to have house flipping be my primary source of income.
Sharad Bagri
How to transfer loan from individual to LLC
28 November 2024 | 10 replies
Normally, the transfer of a loan from an individual to an LLC will lead to a due on sale clause.
Samantha Stephens
Purchasing a HUD home
25 November 2024 | 2 replies
We are currently looking at a HUD home in Georgia - I have a couple of questions and can’t seem to find a definitive answer - The home is currently in the OO listing period - our plan would be to buy the home doing extensive renovations (the home is in a “Historical” area so renovations have to be approved) once completed we plan on living there full time - it could take ip to a year to complete or longer I don’t know - as I see it the OO designation is to be the OO for a min of 12 months - is this after the home has been renovated or after you close on the home - though the house could probably technically be lived in now it does have some water and roof damage and needs complete redo of electrical and plumbing - for me to deem it safe - so not really livable by normal standards - but no way it would be livable in just a couple of months - any thoughts or an actual answer to the OO rules