Joe K.
IL - Worth trying to collect on judgement?
19 August 2024 | 3 replies
Lower-skill jobs have higher turnover, and companies that hire for these roles are always hiring and are likely not the pickiest employers (for example, the average annual restaurant industry turnover rate is 79.6% from 2013-2023 – 79.6% of restaurant employees leave their job every year).
Will Sifert
Big changes to the way Colorado handles it's tax sales
22 August 2024 | 15 replies
The way tax liens work, the certificate holder gets to exercise their right under law to take ownership of the property (get the deed) when the redemption period expires and the owner fails to respond/ repay once the deed process has been concluded.
Michael Morrongiello
Can Only a PART of paid OPTION Consideration Funds be NON Taxable ?
17 August 2024 | 3 replies
In the process of BUYING a PURE Option to buy a SFH subject to an existing loan (at a lower fixed long term interest rate)Let say the OPTION "Strike price" to BUY the property IF or WHEN the OPTION is EXERCISED is $300K The seller wants $60K to sell us the OPTION.
Jeffrey Smith
How to start my own Property Management Business
20 August 2024 | 17 replies
But once i get the knack of how PM works, it would be easier for me to expand my horizons in this market.Thank you @Maham Javed I’d recommend starting with your local market to inquire about PM roles.
Cooper B.
Clarification on Right of Redemption in Alabama
20 August 2024 | 50 replies
In followup to the part in bold above, are these investors purchasing the right of redemption from the foreclosed party in order to exercise that right to "snatch" another investor's deal?
Luis Herna
Can some one tell me what things can be done to overcome Due On Sale Clause?
20 August 2024 | 45 replies
However, Lender will not exercise this option if such exercise is prohibited by Applicable Law.If Lender exercises this option, Lender will give Borrower notice of acceleration.
Heather Watkins
State LLCs go in a WY holding LLC. How does the purchase process look from there?
17 August 2024 | 2 replies
The registered agent generally is just for notice purposes and the manager and/or member will have powers in the LLC, which are the roles that matter much more so.
Eden Meng
SDIRA With Check Book + UBIT Tax Consequence
17 August 2024 | 8 replies
What will your role be in these flips?
Mikhail Pritsker
Sponsor underwriting. Part 2.
16 August 2024 | 0 replies
Key metrics include# of assetsAsset typesRisk ProfileDate of acquisitionsTotal CapitalizationTotal EquityTotal DebtSponsor GP shareSponsor Role# of exitsRealized IRRs, EMsSponsors with a consistent track record of delivering projects on time and within budget are more likely to execute future projects successfully.Risk AssessmentIdentify and evaluate potential risks associated with the sponsor's ability to execute the project successfully.
Jose Mendoza
Lease-purchase rental property to a family member
15 August 2024 | 2 replies
Depending on the facts and circumstances of the agreement, it could either be treated either1) the sale occurs as of the original agreement date, and then your taxable gain is generally spread out over the life of the principal payments as an installment sale (although I should mention any depreciation you've taken on your property could affect this), or2) the sale does not occur until the lease option is exercised, and gain reported at that time.