20 August 2024 | 5 replies
Looking for some help from the brain trust.What are my loan or financing options if I want to pull some money out of my rental property that have titled to my LLC?
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20 August 2024 | 14 replies
Now you're saying you are going to tie up a lot of cash, cash that could actually be making you money, for a year, and then go into a very large rehab (time and cost) project hoping to make money on it,...how?
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15 August 2024 | 1 reply
Dealing with skyrocketing property taxes?
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19 August 2024 | 1 reply
. $5,000 net after taxes and insurance Internet is responsible for maintenance.Down payment: 30kValue: $725k +Current loan: $440kI just wanna pull $50-$75,000 of equity out of the property without being killed on a really high interest rate.
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20 August 2024 | 2 replies
In my experience these are the levels of how financial fraud is doneLevel 1 - The “sponsor” is a fraudster from the beginning and the entire investment is a designed fraud designed to steal the investor's money Level 2 - The sponsor initially intends to operate legally and honestly but the temptation of easy access to money, usually fueled by addictions to drugs, sex, partying, etc. leads to the bad decision to line the sponsors own pocketsLevel 3 - The sponsor intends to operate legally but a crisis in their life resulting in a need for money leads the sponsor to “borrow” from investor’s funds with the full intention of paying it back ( which they are unable to do).Level 4 - The sponsor intends to operate legally but the assets under their management incur substantial loses; the sponsor attempts to cover up these loses by “temporarily” borrowing from one investor to pay another or submitting false results.
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20 August 2024 | 64 replies
No water bill, taxes would drop 75%, and no more mortgage.
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20 August 2024 | 15 replies
We plan on using DSCR loan (yes high rates but our complicated taxes makes non conventitional as our only choice at the moment) so PM fees will def kill anything.
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19 August 2024 | 13 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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21 August 2024 | 8 replies
I have my real estate license, run a hard money lending company, and invest in real estate as well.
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15 August 2024 | 1 reply
In Missouri, they sell tax lien certificates.