Ryan Denman
How to raise money and form partnerships with non-accredited investors
3 July 2024 | 4 replies
Reading through some other forum posts, it looks like there are much simpler partnerships, entities, or offerings that would meet what I am trying to do:My Role:-Decide on properties to purchase, mostly SFHs-Establish LLCs or other business structures to hold the real estate and distribute returns-Purchase properties, using loans as needed depending on the ROI/cash flow desired from investors-Act as property manager for the properties-Depreciate properties held in business entities to minimize taxable income to investors-Distribute returns to investors-Create investments that have high cash flow (CF) and low appreciation (App) , moderate CF and App, low CF and high App-Find investors from connections, friends, and family with no public advertising-Advise in a minimal capacity on tax and real estate strategies-Send investment reports to investors-Be fiduciary to all investors-Receive compensation from PM and other management work I do related to the investmentsInvestors:-Can be non-accredited -Invest as little as $1000-Can use retirement accountsWhat references can people recommend for me to learn about business structures, partnerships, securities, taxes, or other topics to get me started on learning what will work for my goals?
Austin Mulhern
Issues getting 46k mortgage loan due to Self Employment
1 July 2024 | 5 replies
I wrote an entire post on how to file your tax returns that so that they are more friendly to lenders you can read HERE.
Devon Moore
Direct Booking Sites
1 July 2024 | 13 replies
We use QB for bookkeeping and accounting, and Relay Financial as our bank so we can automatically sort out a % for taxes and we pay those monthly/quarterly depending on what the township requires.
Justin Summers
Question about using capital gains income for meeting Ratios on conforming loan/Heloc
1 July 2024 | 4 replies
It's been about 20 years since I have gotten a mortgage since I usually pay cash.
Aaron Davis
Section 8 tenants in an 8 unit I am buying
5 July 2024 | 12 replies
Or is it more due to the stereotypes around people on Section 8/the other tenants are paying a considerably lower amount every month?
Tim Albright
New Investor - Looking for Tax Mitigation Strategies & Advice on College Town Rentals
29 June 2024 | 1 reply
We are largely looking to gain some tax advantages through investment properties to help offset the W-2 income.
Skie Lewis-Hernandez
Predicting the Tampa Bay Real Estate Market Over the Next Five Years
2 July 2024 | 2 replies
Florida will continue to suffer from much lower affordability due to increased insurance costs and taxes.
Carl W.
Tenant Personal Items
3 July 2024 | 13 replies
., first off you never state who should be paying for the damage?
James Burciaga
Question about Conventional Loan Documentation
1 July 2024 | 3 replies
I pay myself on a W2, I've submitted my tax returns and a bunch of other info to them, now they want to see the company's financial records.
Consuelo Peniza-Rodriguez
Question about personal information by Innago
2 July 2024 | 4 replies
"As a third-party online payment facilitator, Innago is required to collect tax information for any taxable entity that receives more than $600 in payments.