Dan Mackin
Where are all the Millennial Investors at?
7 March 2020 | 46 replies
Several Nos on a loan with a 1st yes at almost 6% then a big yet at 4% for investment property
Karen Higgins
Self showings of properties w/o management present... Thoughts?
25 May 2021 | 9 replies
There are a lot of No`s to self-showings.
Ian W
Mortgage State Preforeclosure Approach Time Question
20 April 2007 | 0 replies
Has anyone had some good experience with when to approach sellers which is determined by a time frame they are either NOD or NOS?
Jenna Y.
First deal - deeds, corp structure timing, transfer of ownership
9 June 2014 | 12 replies
On the Bigger Pockets forums, S-Corp appears to be a popular (but not universal) choice for flipping, as an s-corp would help with avoid profits all being taxed as ordinary income (Federal, State, and then an additional 15.3% for both sides of FICA).In my case, tax rate something as follows:INCOME TAX- Federal (up to 36.9k): 15.0%- CA State (up to 39.3k): 8.0%- FICA - both sides of medicare and social security: 15.3%--------- Total Ordinary Income Tax Rate (Fed+State+FICA): 38.3%- Total Dividend Tax Rate (Fed+State): 23.0%I could be calculating this wrong, but for the flip scenario, I'm estimating the numbers as follows (just updated them to reflect new financing terms and flat-fee MLS): - Purchase Price: $14,000.00- ARV: $60,000.00- COST Rehab: $18,000- COST 5 months of holding costs (flip insurance, debt, utilities): $1,727.50- COST Closing costs (flat-fee MLS and marketing/ 3% buyers realtor fees/ county transfer tax/ 2% closing costs): $3,465.00PRE-TAX PROFIT: $21,707.50Applying the above tax table, the post-tax profits appears to be as follows: - No S-Corp total taxes (100% taxed at 38.3%): $8,313.97- With S-Corp total taxes ($1,500 taxed at 38.3%, remaining taxed at 23%): $5,222.23So, assuming my numbers are correct, with an S-Corp, it's a tax-savings of around $3,000.
Carlos Mezquita
Estimating rehabs and refinancing
17 February 2017 | 4 replies
Don't let the NOs get you down.
Terrill Clark
Are Foreclosures Really The Way To Go?
22 March 2017 | 8 replies
There are no yeses or nos in this game.
Robert Howard
Mentor wants to sell me one of his houses.
7 April 2017 | 4 replies
I had been going bank to bank get no(s), but of course I was going to big banks.
Roshad Luten
HOUSE HACKING ADVICE NEEDED
6 June 2022 | 7 replies
It's these people that are prone to being scammed cause they hear a million nos but then someone says "sure, let me send you an application" and they fall for it.
Mary Hitchcock
What's Your Favorite Side Gig?
22 May 2019 | 10 replies
Selling cars: you here more NOs.
Martinis Jackson
Creative Financing for Purchasing a Portfolio of SFHs
24 December 2018 | 4 replies
You will hear a lot of NOs from those who are accustomed to doing only owner-occupied mortgages.