
22 September 2018 | 0 replies
We have no intentions of withdrawing any funds from our llc bank account until after tax time so that we can get a good feel for the tax implication in relation to our individual income from our primary careers and, neither of us currently need the money to go back to our respective pockets so we intend to roll it all back in to more houses/flips etc..

18 October 2018 | 15 replies
I prefer to build it into the rent and then it's a business expense that's set up on autopsy.

10 November 2018 | 2 replies
At the beginning I got an acceptance from the bank to take a loan as an individual for a mortgage loan with a 4% interest this is like starting with no company which will get me with fewer expenses for the beginning (lower mortgage payments, no need to start a company and pay monthly an accountant for this but I cannot count any expenses that will be made in my investment, my country gives a standard 5% deduct on individuals so let's say my annual income is 10000€ , I got to pay 10000-5% = taxes for 9500.) 4.

22 September 2018 | 5 replies
I'm looking at conventional loans because of the preferable amortization schedule and lower interest rates, but maybe I'm simply barking up the wrong tree.

28 September 2018 | 7 replies
The overall recommendations out there on the net seem to recommend Limited Partnerships for Canadians holding real estate in the US as this is a flow through structure, however, LP's are more expensive to set up and one CPA commented he did not prefer LP's as it is easier to get $ out of a C-Corp under the guise of management fees.Curious - what structure do you use/recommend for your real estate holdings/rents/flips?

17 December 2018 | 17 replies
The county development office would be a good source for permit and plat history to get a sense of quantity, and individual property cards (and recorded deed transfers) may give you a sense of price direction.

26 September 2018 | 8 replies
Risk-preference is all relative but this would be outside of my personal tolerance and I'm actually doing deals in a few rougher areas on the South side of Chicago.

25 September 2018 | 6 replies
I would really prefer to have no further communication with them.

25 September 2018 | 3 replies
If not, I looked up delayed financing on the Fannie Mae site.The original purchase transaction was an arms-length transaction.For this refinance transaction, the borrower(s) must meet Fannie Mae’s borrower eligibility requirements as described in B2-2-01, General Borrower Eligibility RequirementsThe borrower(s) may have initially purchased the property as one of the following:a natural person;an eligible inter vivos revocable trust, when the borrower is both the individual establishing the trust and the beneficiary of the trust;an eligible land trust when the borrower is the beneficiary of the land trust; oran LLC or partnership in which the borrower(s) have an individual or joint ownership of 100%.The original purchase transaction is documented by a settlement statement, which confirms that no mortgage financing was used to obtain the subject property.

29 September 2018 | 18 replies
I was hoping to "house hack" my first property (preferably a small multi family; less that 5 units.. but a SFR would work as well).I only want to buy in an area that i would live in myself, i dont have high standards but i dont want to live somewhere of poor quality or in a dangerous area either.