Account Closed
Using an ICO for buying real estate or seed capital
17 November 2018 | 11 replies
It seems like people are just hearing those terms and jumping on it .https://www.bloomberg.com/news/articles/2017-12-18/fintech-mircocap-stock-jumps-2-400-after-touting-crypto-linkI am sure most of these companies won't be around forever but I dont think the technology will be going away especially with huge companies researching and implementing it .I was young during the dot com bubble but was following stocks and the market at the time and this feels very similar with these tokens surging so much in price .So far I've only invested a very small amount in ICO , the team seemed very legit and they already have an existing related legit business .Still trying to figure out token distribution and actually being able to trade on the crypto exchanges it's been interesting though .It's not a user friendly experience and there's lots of new terminology and words to learn and different random tools like wallets etc .. but that's kind of what makes it fun too .
Evan Parker
Family member just acquired $43,000 -- What to do?
8 September 2017 | 2 replies
Put the money in pcq it's a Muni bonds fund that pays monthly distribution like rent and is tax free since it's Muni.
Levi T.
Towing Tenant Vehicles When Rent Is Late
21 September 2017 | 123 replies
It is a deplorable side effect derived from equating tenants to a customer....the "customer is always right" "place your customers interests first" etc. mentality.We need to get back on top and as with everything else regarding investing leverage is the key.
Katherine Robbins
Flipping LLC being taxed as SCorp
12 September 2017 | 2 replies
My question is, does anyone else have a similar business structure and if so, do you take your profits from your flips as a distribution or as wages in the form of paychecks?
Sean Fisher
Hud fha 223f apartment loan
12 September 2017 | 2 replies
Below is what you need to know that underwriting and programs guidelines don't tell you when considering a 223(f) apartment loan.AdvantagesHighest LTV in the marketEliminate refinance and interest rate risk with fixed rate terms up to 35 yearsLow fixed rates based on GNMA securitiesNon-recourse and assumable - makes for a great exit strategy especially in a rising rate environmentNo defined financial capacity requirementsNo geographic restrictionsNo minimum population requirementsSupplemental financing availableDisadvantagesLonger processing times - 120 days at a minimum (6-9 months is typical)Higher fees - HUD and FHA fees add to the overall cost of the loanMortgage Insurance Premiums (MIP) - Initial and annual premiumsAnnual audited operating statements requiredReplacement reserve escrows requiredHUD property inspections requiredOwner distribution restrictions and Cash out restrictions 2x a yearProperty condition is important to HUD, both during initial underwriting and over the life of the loan.
Michael Halow
Direct mail Database Management Tools
1 June 2019 | 32 replies
So I will design and build this software and distribute it here for everyone to use.
Jack B.
How would you turn 2 million in equity into cash flow?
20 September 2017 | 41 replies
The vast majority of the distribution was tax free last year.
Rj Kro
Thoughts on an industrial property purchase?
22 September 2017 | 9 replies
For example I would consider anything with less than 20' clear height functionally obsolete as industrial buildings are growing in height every year to accommodate new high bay distribution strategies. 24'+ is ideal.
Patrick Barker
Structuring a Partnership
26 September 2017 | 2 replies
If the initial funds are real concern, it might be worth considering structuring the distributions in such a way that he or she recuperates the initial investment first.
Kevin Zwieg
Cashing in IRA's for first deal
17 September 2017 | 3 replies
I need some assistance in determining if I can invoke the "first time homebuyer" qualified distribution and what my tax/penalty consequences will be.