Nicholas Bolcon
Underground Oil Tank Found During Inspection
12 November 2020 | 20 replies
These are just contractors around the area who specialize in this.
Conor Kelly
Using investors with a BRRRR
20 October 2020 | 6 replies
They specialize in working with investors who are doing BRRRR.
John Stanley
avoiding capital gains tax on foreign property
20 October 2020 | 6 replies
It’s legal to start the equivalent of a German corporation to reinvest proceeds to give you a potentially favorable tax outcome, but there are a ton of special rules for U.S. citizens investing abroad, with Christopher and Matt above hitting the two biggest issues: antideferral rules under Subpart F and foreign account holding requirements.
Mansi Mehta
Good real estate cpa in albuquerque
21 October 2020 | 2 replies
I recommend finding an accountant who specializes in real estate taxation over one that is local.
Robert Arnold
Temple Texas - looking to pick someone’s brain
25 October 2020 | 14 replies
I do think most of the MLS stuff is over priced here in the area specially knowing the rent values according to neighborhoods.
Jan Styrczula
Loaned money to a brother in law
22 October 2020 | 26 replies
No special favors for family because they are most likely to screw you over.
Jonathan Feliciano
BRRR Refinance Question
5 November 2020 | 8 replies
I'd say that is a personal question but I would not do a cash out refi where the fees make up more than 10% of my cash out amount, UNLESS, you need that cash immediately for a new deal where you will make substantially more money than the money lost, or you are also reducing you APR to a point where the interest saved will make up the fees over time.Also I just did a cash out for 50K where the bank I worked with had a low income neighborhood special and closing costs were only $500 bucks (lender fees, and title fees) so might want to shop around and see if you have any local banks that do something similar.
Myles Snair
2nd Mortgage Financing Options - HELP
28 October 2020 | 4 replies
And if the mortgage agent is not able to really clearly map it out for you then seek out another mortgage agent that specializes in rental properties.
Weiler Nunn
I am looking to create a LLC
21 October 2020 | 4 replies
You can rent these books from your local library and they are very helpful:Form Your Own Limited Liability Companyhttps://store.nolo.com/product...Your Limited Liability Companyhttps://store.nolo.com/product...Also, here is the info on doing it in the state of Alabama:https://www.sos.alabama.gov/bu...Typically if the structure of your LLC is relatively simple (only 1-3 members) and no special agreements, it should be pretty straight forward to get it going.
Wyatt Short
What is the best way to finance a rehab. Roll it into mortgage?
24 October 2020 | 17 replies
Owner-occupied conventional loans typically go as low as 5% and sometimes as low as 3% in special conditions.