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17 May 2024 | 7 replies
I want to make the best ROI using my FHA loan, and want the multi-unit to be move-in ready.Any tips?
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16 May 2024 | 6 replies
@Mikhail EgorovI use QuickBooks Online for most of my clients.
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17 May 2024 | 6 replies
Look into ways to pay, like common loans, government-backed loans, or money from private people.
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17 May 2024 | 2 replies
Basically, 24 different properties spread across 3 Florida counties will need to close all at once during one closing.My thought is to do a quasi-double close/bridge loan where I bring in a partner to fund the deal (about $5 million), and then have separate closings as quickly as possible after the fact in which we sell the other properties we don't want.
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20 May 2024 | 35 replies
There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.
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20 May 2024 | 28 replies
A "reorganization took place, one of the families left the group in exchange for the insurance proceeds and the property then had 4 owners (and 4 cottages)2000: I bought ($42,000) my parent's share.2000-2010: I bought the other shareholder's shares (total $300,000), leaving just me as the sole shareholder2017: Elected to file as S corp.None of these transactions were properly recorded.2022 1120S tax return (2023 is on extension) shows:$0 income$15,000 Land (sched L, line 12)$122k Loans from me($189K) Retained earning$93K cap stock($46k) Sched m-2I have no idea how we got to these amounts.Does any of this make things easier to understand and easier to get me out of this capital gains problem (or does it just muddy things even more)?
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18 May 2024 | 9 replies
I feel the main reason the bank pays back taxes is to protect themselves of a tax foreclosure happening and they loose their security for the loan.
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16 May 2024 | 5 replies
I recently helped connect a friend of a friend to one of my contractors who had started the build on his 400 sqft ADU with a contractor that he found online.
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17 May 2024 | 11 replies
It’s only “100 deductible interest” and loan pay down.
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16 May 2024 | 17 replies
Other than that I have perfect payment history.Debts:Storage unit- $190 monthPhone bill- $160 month (i pay for my moms phone)Truck payment- $1150 month (owe $58,000) impulse buy, and may be able to sell and get out of loan if needed. 2.9% interestStudent loan payment- $150 month.