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9 January 2022 | 1 reply
I know tools such as the BP calculators are available for use, but I want to learn what goes on behind the scenes to fully understand the numbers (math) and specifically what it means so i can better gain an understanding & make better investment decisions when the time comes.Any advice/ tips or tricks on analyzing deals & double checking the numbers (before proceeding with the deal?
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9 January 2022 | 4 replies
You can hire a property manager he ca. set you up in his system as 25% owners and you all get a draw equal to your portion of the net proceeds.
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14 January 2022 | 12 replies
I can’t imagine it would be hard for a lawyer to prove in court that my single member LLC and I are separate entities and I am not responsible for the “company’s” negligence.
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11 January 2022 | 4 replies
I will certainly gain more knowledge and mentorship before proceeding!
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10 January 2022 | 5 replies
And you can allocate your proceeds anyway you want.
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10 January 2022 | 7 replies
So, it's been in court for 2 years due to Covid.
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19 January 2022 | 51 replies
Court case in my area determined that a landlord cannot holdback on returning 'pet deposit', as a pet allowance implies typical pet consumption.
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9 January 2022 | 2 replies
If you want to defer capital gain, then you would not be able to use the proceeds and roll into another property via a 1031 exchange.
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30 January 2022 | 11 replies
Here's where buying below UPB is so important since performing note buyers base their calculations off of UPB, not total debt.We are more aggressive, seek out the more delinquent notes, so getting re-performers is rare.The best out of the 3 looked like this:Purchase price: $148,500UPB: $149,059Total Debt: $217,829Market Value: $224,500Sold to 3rd Party: $200,000BidderNet Proceeds: $190,830Net Profit: $34,034I would definitely buy from Revolve again in the future.
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12 January 2022 | 5 replies
Fleischer V Commission is one of several tax court cases, that limits personal service businesses (real estate agents, insurance sales man, accountants, architects, etc) from using an s-corp structure, because the services provided are by an actual individual and not provided from a corporation.