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10 May 2024 | 0 replies
Our Operating Agreement states: "The Member(s) agree that Member(s) may voluntarily withdraw from the Company without the approval, vote, or consent of the Member(s).
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10 May 2024 | 5 replies
The underlying note is a USDA loan at 3% interested.The interesting part is that there is about $60k of equity in the home after paying the entry fee.One of my title companies is refusing to insure the transaction due to the underlying lender being USDA, and telling me that it is a bad idea to do this on a USDA loan.
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10 May 2024 | 7 replies
Any information/advice is appreciated and also how to properly set up our company, how to eventually scale our portfolio and looking to learn more about funding and DSCR loan.
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11 May 2024 | 53 replies
Biggest thing is to make sure the agent and title company are competent in Seller Financing, I personally close my Seller Financing deals with a title company who has a real estate attorney on staff.
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10 May 2024 | 15 replies
What you do is create a management company and charge out a fee to your rental properties.
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9 May 2024 | 15 replies
I like bringing engineers out since then bring companies out to bid on the work to recommend.
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8 May 2024 | 5 replies
Code § 7701 - Definitions, my understanding is that the answer is NO, but maybe I am wrong.As the actual rate of withholding is 15% of the sales price, and as the refund (if any) would be "within 90 days", it can be a major setback for my company´s flipping cash-flow because 15% is way higher than the taxable income (and of course than the tax itself), so we would be in the necessity of capital injections to flip the next properties.If any of you have comments on this, it would be very helpful.Thanks in advance
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11 May 2024 | 14 replies
I only Use STR for fishing trips to remote areas that are undeserved by hotels/motels.. this summer I only looked at ones with no cleaning fees. 100 % agree with you and Russell, restaurants and hospitality businesses brought this upon themselves.For people who disagree, would you be okay with my contracting company adding 3% on your $10k bill for "clean up fee"?
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10 May 2024 | 8 replies
I use verified lending companies not banks for these loans and my clients have had great experiences.
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9 May 2024 | 5 replies
I think my condos have $40-50K for deductibles per unit in the event of major damage (ie rebuild).