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10 December 2018 | 14 replies
If that develops into an opportunity for you, go for it.You are helping them out of a situation they do not want to be in which becomes a new investment for you.Keep your eyes and ears open.
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19 December 2018 | 5 replies
There was evidence that the mice had gotten into the back of the fridge and chewed through the cardboard piece, but it seems like if any were inside initially, they would not have stayed through the delivery process.2) If the mice did in fact come with the fridge that I bought, do I have any recourse with the company that sold and delivered it to me?
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18 December 2018 | 7 replies
page=2Also, in the third thread I listed, @Albert Bui (a lender from Seattle) also made an interesting point in the last part of his post when he said:"One big reason is that properties held in S corps or LLC's taxed as scorps (wait whaa, yeah LLC's can be taxed as partnerships, S corps, and C corps) when transferred have to leave at market value which might be a problem if you bought it for 100k and now its worth 180k because, thats a 80k gain you got on your hands when this property is transferred (unless if you transfer or sell it to yourself at cost basis).The other reasons is like most people said regarding self employment taxes and avoidance of them in totality.Another reason is you may not want to comingle your liabilities of your buy and hold properties with your active business (wholesaling, flipping, consulting, etc) which may compound your risk for lawsuits.However, to the contrary I see tons of S-corps with investors or LLC's taxed as scorps for flippers or people who use their scorps for active businesses like hard money lenders and flippers.The benefit of Scorp is that us conventional lenders like to see income surrounded by a veil of s-corp legitimacy even though its only a couple pieces of paper filed with the state.
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23 April 2016 | 3 replies
I'm new to BP and presently holding 3 rentals in Orlando, Florida with positive cash flow purchased during the recovery; have learned how to be a landlord over the last 3 years and will be listening with all ears on how experienced investors have grown their business in the Orlando market.
25 April 2016 | 7 replies
My letters were professional, written on my business letterhead, and typed with their exact property and names in there so it looked like it came from an actual businessperson and not an 8 year old with red pen on a yellow piece of paper.
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18 May 2016 | 10 replies
While your IRA and your husband's IRA could invest together in a piece of property as tenants-in-common, your IRA cannot have any transactions with your husband's IRA (cannot buy from, sell to or extend credit, etc).
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28 September 2020 | 20 replies
I have owned a piece of property most of my life.
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4 December 2019 | 17 replies
Well here is an other piece of sound logic for you.Because they have 2 houses it also means they WANTED 2 houses and they don't WANT to part with one.
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3 March 2021 | 17 replies
I purchased many many wrong properties because I never knew that those properties were actually taking me further away from what I ultimately wanted because I never asked that one question what is it that I want out of owning this piece of Real Estate.
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9 January 2023 | 70 replies
But by keeping your ears open and doing your research, you can ensure that your investment is one that will pay off in the long run.