Steve Uekert
Super Rookie Here. Looking for direction PLEASE!
14 September 2022 | 14 replies
If I just wanted to buy real estate at market value I would just buy into an exchange traded REIT or REIT mutual fund or ETF as a diversified portfolio of REITs should match inflation over the long term and provide increasing dividends.
Chase Hoover
Grey Pine Lodge, 22-unit Boutique Motel in VA
6 October 2022 | 0 replies
I found this while deep-diving the internet one night for potential properties for our 1031 exchange.
Trevor Marvin
First time investor - Confused about order of operations
19 October 2022 | 26 replies
I would have told you if you had filed an LLC in any other state that in order to do business in Texas you will need to file a foreign corporation application.
Alvin Kariuki
Wholesaling a property that doesn't need renovation
11 October 2022 | 7 replies
A common mistake investors make is associate "motivation" with money.Motivation doesn't have anything to do with "getting more money" for their house.Motivation could be speed of cash received, not the quantity of cash received.We buy houses all the time from home owners where the house is in great shape...Maybe the buyer just needs to close fast and is willing to accept a lower offer for that convenience.About 70% of my leads are people that just don't want to deal with agents, or the uncertainty of getting their house sold, and are willing to accept a cash discounted offer in exchange for a guaranteed sale.Just an fyi
Graham Storey
Transferring a Property into an LLC
12 October 2022 | 7 replies
Hi Graham,Generally speaking, an LLC should be from the State that it is doing business or registered to do business as a foreign entity in that State if it is is from another State.
Roy Mitle
How to trust new syndicate
6 October 2022 | 14 replies
It is used mostly when a large investor or a small group of large investors wants to do 1031 exchange from the properties that they sold.
Tyler Sherman
Purchasing tenant occupied prop
27 September 2022 | 5 replies
Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchange "doc" with "pdf" for more options.Here is an example and explanation: Sample EstoppelSome have a lot of legal jargon but this document does not need to be so detailed.
Benyamin Nusair
What are creative options for me as a foreign national investor?
18 November 2022 | 10 replies
From my conversations with mortgage brokers, it seems like the best LTV I can get for a cash-out refinance as a foreigner is only 65% (compared to a 80% that any American resident can get).
Steve Gibbons
First Short Term Rental in Marvelous Muskegon, Michigan
7 October 2022 | 4 replies
Used a 1031 exchange to purchase this one.
Account Closed
Regret accepting offer with owner carry in 2nd position
29 November 2022 | 38 replies
The balloon will be taxed, but taxed at a lower rate and can then be deployed wherever makes sense, including internationally (not an option with a 1031 exchange alone).