
20 March 2024 | 12 replies
If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

20 March 2024 | 7 replies
If the two of you were simply individuals owning the property as tenants in common and neither of you owned more than 50% of the entity then you could make the case that it was not a related party transaction.My fear is that if audited the exchange would fail due to the closeness of the related transaction.

20 March 2024 | 12 replies
Because that's exactly what big box HML are.Or do you mean Private Lender like an individual lending out their private capital for a real estate investor?

20 March 2024 | 5 replies
Not a CPA or tax professional.I’ve never audited every single line item of my S-Corp tax returns for over 18 years, and I’m truly curious why it really matters in one years instance, what corporate account was used to conduct business, as long as the financial information is accurate and correctly reported from said dedicated business account.This should be a separate issue from proper and legally correct business operations, ie a checking account with correct tax ID, no outside commingling of funds with self or other business entity.

20 March 2024 | 0 replies
By focusing on strategic locations, sustainability, and market demand, investors can leverage new construction to secure their financial future—just as Buffett does.

20 March 2024 | 4 replies
Recent improvements, financials, etc.

20 March 2024 | 2 replies
I have been successful in making wise financial decisions by adhering to this approach and avoiding typical mistakes.Work hard, work smart!

20 March 2024 | 19 replies
But they had become house flippers in the past year and had financial backing.

19 March 2024 | 16 replies
Mike, each lender has their different overlays, but if you’re looking to get a hard money and or Bridge loan to begin the BRRRR strategy, here’s a list of the most common documents lenders may ask for:- experience / track record- personal financial statement- scope of work / budget- LLC entity docs- maybe bank statements (lender dependent)everyone is different and each loan is a snowflake.