Account Closed
Flippers who run everything through their LLC
1 November 2012 | 5 replies
I think these classifications are more for internal IRS use than to determine anything about what will be allowed or not allowed from a tax perspective.I could be wrong though...
Aaron Lambert
looking for helpul tips on getting started
1 February 2013 | 7 replies
There's lots more information throughout the forums and blogs, but here are some thoughts to get you started:- Borrowing from friends/family- Partnering with investors who have money (you do work, they fund and split up the profits)- Working/Interning for a successful investor for a piece of the profits- "Creative Financing" (seller holding note, options, etc.)- Hard-money lenders (if you have a great deal and a little bit of cash)
Gaurav Bahal
Appraisal is Less than Contract: To Buy or Not to Buy? HELP!
14 January 2016 | 38 replies
(Quad) Property(Quad) PropertyBeds/Baths: 8 / 6Beds/Baths: 8 / 6Type: Multi-FamilyType: Multi-FamilyYear Built: 1980Year Built: 1980Square Footage: 2,813Square Footage: 2,813Lot Size: 0 sq ftLot Size: 0 sq ftParking: On-StreetParking: On-StreetMLS #: undefinedMLS #: undefined** Purchase **** Purchase **Purchase Price: $180,000 ($64/sq ft)Purchase Price: $235,000 ($83.5/sq ft)Purchase Costs: $3,600Purchase Costs: $4,700Rehab Costs: $0Rehab Costs: $0** Financing **** Financing **Down Payment: $45,000 (25%)Down Payment: $58,750 (25%)Mortgage Amount: $135,000Mortgage Amount: $176,250Total Cash Needed: $48,600Total Cash Needed: $63,450** Cash Flow (Monthly) **** Cash Flow (Monthly) **Rent: $3,200Rent: $3,200Vacancy: -$320 (10%)Vacancy: -$320 (10%)Expenses: -$1,343Expenses: -$1,343Net Operating Income: = $1,537Net Operating Income: = $1,537Mortgage Payment: -$684Mortgage Payment: -$893Cash Flow: = $853 ($213 per unit)Cash Flow: = $644 ($161 per unit)** Returns **** Returns **Cap Rate: 10.2%Cap Rate: 7.8%Cash on Cash: 21.1%Cash on Cash: 12.2%Return on Investment: -102.5%Return on Investment: -169.8%Internal Rate of Return: -94.7%Internal Rate of Return: -100%Rent to Price: 1.8%Rent to Price: 1.4%Gross Rent Multiplier: 4.7Gross Rent Multiplier: 6.1
Rose Parc
How to file Sch E when moving rent to LLC mid year
26 February 2022 | 11 replies
Proc. 2002-69 addressed the issue of classification for an entity that is solely owned by husband and wife as community property under laws of a state, a foreign country or possession of the United States.If there is a qualified entity owned by a husband and wife as community property owners, and they treat the entity as a: Disregarded entity for federal tax purposes, the Internal Revenue Service will accept the position that the entity is disregarded for federal tax purposes.Partnership for federal tax purposes, the Internal Revenue Service will accept the position that the entity is partnership for federal tax purposes.
Tiffany Hall
Looking for an Investment Partner
22 April 2016 | 2 replies
Anyway, I live in Europe, and I'm wondering if I can find a partner who is interested in international real estate
Daniel Ryu
What began as 3 people is now +165. How a MeetUp supercharged our networking & connected us with experienced investors!
1 April 2015 | 17 replies
, I also feel good because we're able to give back to them by helping to increase their profile (international speaker sound good to anyone??)
Joey Wang
Estimating future sale price of property?
24 January 2010 | 13 replies
I understand that when calculating either Net Present Value (NPV) or Internal Rate of Return (IRR), one must include the operating cash flow of each year.
Ryan Urban
My First Deal, YIKES
29 March 2009 | 21 replies
Even then they can take a while.Many times the lender will get dinged if they accept a price too low (looks bad internally) yet there is not a whole lot of damage to careers if they are slow to decide.
Farril De foor
credit lines?
14 March 2011 | 12 replies
Our long history and international sources allows us means to financing and banking activities that a typical US citizen would not be privy to.