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20 November 2017 | 6 replies
I'm not a lawyer and not giving legal advice - I'm not a CPA and not giving finical advice - Simply my opinions@Ike MutabannaTo find a lawyer try checking on the Texas bar website www.texasbar.com You can choose specialties such as Real Estate and professionals with an office location near you.My $0.02 on the Series LLC concept - I read David Willis' books - it seems he likes the use of Series LLC's for asset protection.
2 December 2017 | 11 replies
This way, you are earning $ but, more importantly, not risking anything AND at the same time you are learning what's good, what’s bad (what the professional buyers like or don't like and why) as well as the entire due diligence/backend process so that after you do a few of these transactions, you will be MUCH better prepared to invest in notes for your own account.I've been working with new note investors for 20 + years, matching them up with the right funder depending upon the types of transactions they want to refer.
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20 November 2017 | 14 replies
Your client (the Sponsor) is also required to take reasonable steps to verify that investors are in fact accredited.
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22 November 2017 | 6 replies
Rather than fighting with underwriting once in escrow and with earnest money possibly being on the line (or risking a refi falling through), I'd suggest having the friendly "fight" with your tax professional upfront in order to get as much as possible shoved into line 18 "depreciation."
21 November 2017 | 11 replies
And before going further, I'm in discussions with a tax professional but looking for anything myself or they haven't thought of from the BP community.I guess my question is for folks that have been investing in real estate for years and built out several properties, knowing what you know now is there anything you would have done differently when you started?
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21 November 2017 | 9 replies
I say all this to ask my real question: How the hell do I present this professionally to a person or institution so they can feel reasonably inclined to take a chance on me and the deals?
25 March 2018 | 9 replies
A lot seemed to be industry professionals more so than investors.Another group is done through IRBY.
24 November 2017 | 11 replies
I am no credit professional, but in my opinion i would not close any accounts you have open.
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25 November 2017 | 9 replies
I come from a professional commercial construction background with a Bachelors in Interior & Environmental Design and I currently work from home in E-Commerce/Marketing (hoping to blend all these backgrounds into a real estate investing :) I had a specific opportunity recently come up that I'm needing some advice on...
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1 December 2017 | 8 replies
But it’s how all of the successful professional buyers do it.