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Results (10,000+)
Anne Christensen DO I need a wyoming trust?
12 February 2025 | 20 replies
The risk of "piercing the veil" applies more to LLCs when personal and business finances are not properly separated, not necessarily to individual landlords renting a portion of their home.A more practical approach is ensuring you have a solid lease agreement, sufficient liability insurance (including an umbrella policy), and properly reporting rental income and deductions on your tax return (Schedule E).
Noel R. M1 $700 a month to join. Would you?
14 February 2025 | 43 replies
However those that are .. i see this stuff as fine tuning  and there is network opportunities for those doing deals.. but it cant be Hey I am just a beginner and i have no real capital and just because i am part of the club you should do deals and include me.. does not work that way. 
Vincent Pflieger Using a $200-250K HELOC to Scale—Looking for Insights from Experienced Investors
27 February 2025 | 25 replies
If you have 250k as the down and the rest hard including the rehab that is pretty intense.  
Will F. LLC for flipping or Peronist name w more insurance ($800 LLC fee in CA)
3 February 2025 | 3 replies
Weigh out all of the pros and cons (including costs) and make the decision that's best for you.These are merely my opinions and may not be the best advice for you.
Ken M. How To Buy Distressed Properties "Safely' Using SubTo and Wraps
29 January 2025 | 1 reply
So, there is even more risk.The things that you can do, include being properly capitalized, not be greedy, (in whichever way that may be defined in the county you are buying), know solicitation laws, know Dodd-Frank, the Consumer Protection Act, the S.A.F.E.
Adedeji Karunwi Hello everyone , rookie in the house
31 January 2025 | 1 reply
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
Juan Antonio Villagomez Seeking Advice on Rental Property Tax Preparation
26 February 2025 | 14 replies
From our experience with clients, you’d typically expect to pay around $1,000–$1,500 for a single-property return, depending on your situation.If that $6K includes monthly bookkeeping and accounting, it could be reasonable; it could also be low, or high... it all really depends on the number of transactions, bank/credit card accounts, and the complexity of your finances.
Erika Andersen Advice on working with a home buyer's RE agent using an hourly rate?
4 February 2025 | 17 replies
For example we pay our own income taxes, broker splits and all of our other expenses directly out of what we make including required E&O insurance, MLS dues, licensing fees, Board of Realtor dues, continuing education costs, marketing, advertising, office fees/rent, transaction coordinator/ assistant fees, health insurance, car insurance and maintenance, gas, tires, software, retirement fund, etc.We are not W2 employees with payroll taxes already taken out of our paychecks, company-paid health insurance and matching retirement account plus a guarantee of at least 40 hours paid work per week, sick pay, paid vacation… none of that.So if you’re thinking you’ll be able to pay an hourly wage typical of a W2 hourly employee like $50-85/hr… that’s definitely not going to work.
Brad Kanouse IRA funds as down payment
26 February 2025 | 22 replies
Loan from a Solo 401(k):If you have a Solo 401(k) instead of an IRA, you could borrow up to 50% of the account balance (up to $50,000).These funds can be used for a down payment, including on investment properties.
Joel Barjon Refinance my rental property
14 February 2025 | 24 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).