Andreas Mueller
Should you Rent or Buy?....How about Both! (Yes it's possible)
8 February 2024 | 7 replies
If you feel strongly, tack on a an extra % to mortgage costs.Importantly, there are tax advantages to owning a home.
Christopher Wingo
Renovation loan based on ARV
7 February 2024 | 3 replies
Usually a Hard Money Lender will get an appraisal for the after repaired value (ARV) and the loan amount will be adjusted accordingly.
Joel Oh
Write off luxury car under STRs?
7 February 2024 | 34 replies
However, they usually stop at the level of mercedes or tesla.
Alfonso Hernandez
Securing Your Lease against break-ins
7 February 2024 | 2 replies
I'm always concerned about this, and usually wait until the very last step to install appliances in my flippers.
Han Jaewon
HELOC then Refinance?
7 February 2024 | 10 replies
That's an extra cost in some situations.
Bryan H.
What happens if I accept Partial payment of amount owed while in the eviction process
7 February 2024 | 3 replies
If you want them out it would be better to just write off the extra month’s rent as a loss then for them to game the system and to get to start the process all over again time wise.
Victor Solomon
Can I acquire multi-family property through my S corp?
8 February 2024 | 10 replies
The "corp-like" structure gets into the way so it can be financially/tax disadvantageous.Also, usually recommnded to not mix business lines within legal entities.
Adam Marx
REO Listings? Good or bad idea?
7 February 2024 | 4 replies
Once a bank has possession of such a property, its primary goal is usually to sell it as quickly as possible to recoup the outstanding loan amount, or as much as possible.
Matt W.
NC tax deed title issues
6 February 2024 | 4 replies
I have read that tax sale properties will have a clouded title and will require extra legal action to get the title cleared in order to get title insurance and thus financing, so this is confusing to me.The plan with this property would be to BRRRR it, so eventually getting financing is required.Has anyone in NC dealt with a situation like this?
Charlie Loomis
Entity Structure for Flipper
7 February 2024 | 2 replies
@Charlie Loomis - S Corp is usually better, but there are some cases where an LLC can be advantageous.