Jonathan Cronkhite
Pest Control:Tenants responsibility or not?
11 June 2020 | 4 replies
For the rare tenant who still complains, if we think it is a good, long-term tenant with a clean house so likely the neighbors causing the issue, we'll just hire a service and set up auto-pay quarterly as long as tenant agrees to schedule quarterly treatments without missing them.
Ethan Bowdoin
Seeking advice (beginner)
15 June 2020 | 10 replies
Hello, I am a 20 year old Realtor from Atlanta, GA. I am wanting to get into the investing side, but I have a problem. I have absolutely no money. What are my options in terms of getting started with no money? I know ...
Jonathan Santiago
Tax Question: Capital Gains or Ordinary Income?
14 June 2020 | 22 replies
@Jonathan SantiagoThe tax difference between capital gain vs ordinary income is HUGE.Capital gain - Preferential tax rates if long term at federal level, subject to regular tax at state levelOrdinary income - taxed at marginal tax rates at federal level + Self employment taxes + state taxesIntent is what differentiates between a real estate sold being subject to capital gain treatment vs ordinary income.
Andrew M.
TX Series LLC and Structure/Taxation
12 June 2020 | 7 replies
And, this language allows us to draw the conclusion that each series is disregarded under federal tax law, regardless of treatment under state statute.This should be rather simple to fix.
Abel Curiel
Connecticut (CT) agent who can help another Realtor out!
10 June 2020 | 5 replies
I am seeking the help of a fellow Real Estate agent...
Nicole Brown
Leveraging Property... Need advice
10 June 2020 | 2 replies
Some lenders have paused cash-out refis at the moment (but they will come back), and underwriting guidelines are pretty strict right now; You will need sufficient credit, employment, income, and DTI to qualify for the loan, and you will likely have to transfer the property into your own name as part of the refi.A secondary option is to seek a commercial line for your LLC, using the property as collateral.
Raj Janakarajan
Including 5th unit in a fourplex
10 June 2020 | 10 replies
Same treatment for the next buyers - so you need to think in their shoes.
J Usmonov
How hard is it to get a loan from a private lender?
18 June 2020 | 5 replies
For your first time flip it could be best to seek private money from your current network.
James Wachob
You can buy real estate with as little as 15% down
11 June 2020 | 4 replies
Seek an investment mortgage expert for further details.
Erik Stenbakken
CPA or experienced REI better for building business plan?
11 June 2020 | 9 replies
What kind of consultant / sage should I seek for this?