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22 March 2024 | 0 replies
Our current focus is working on 1-4 unit fix and flips, but eventually work towards being able to refinance properties and keep and cash flow them.My question is tailored on the the way I should structure our relationship for the legal and tax base purposes.Should I secure the deals under my business and pay my partner out of my business operating account?
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23 March 2024 | 31 replies
If they are live in flips, selling and putting the money else where might reduce some of the risk associated here.Option 2: Buy land without the house 100-150k set up a van/yurt/tiny home/similar temporary structure(50k).
24 March 2024 | 25 replies
So to say money for not much work shows you’re ignorant to what it takes to be an agent. 3% tops You can totally put your property up for sale on a FSBO site or use a flat-fee MLS listing service and manage the sales process yourself.
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23 March 2024 | 10 replies
Builder ends up screwing us over and we are out $250k which we are in the process of trying to get back.In the meantime, I'm trying to get a private or hard money loan to finish the buildsCurrent mortgage 273,000Rehab 1 - 150,000Rehab 2 - 150,000Current value for both places approx $350,000ARV $1,000,000 for bothPlan is to refinance and hold as STRI feel that these numbers are reasonable - am I missing something?
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23 March 2024 | 12 replies
She specializes in what you seem to be after: buying up stable businesses for cheap, improving them, cashflowing and then repeating the process to keep expanding.
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21 March 2024 | 8 replies
I'm in the process of getting everything caught up for this year with hopes to hand it off in January. 2) My wife equally sucks at bookkeeping.
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22 March 2024 | 4 replies
If you are getting into commercial, make sure you read up on cost segregation, bonus depreciation, lease structures, in addition to underwriting approaches.
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22 March 2024 | 11 replies
Which has allowed me to save and begin the process of purchasing my very first investment property.
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23 March 2024 | 1 reply
Right now we are in the process of acquiring land to build a childcare center with a duplex on the property as a rental.
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23 March 2024 | 12 replies
In regards to the problem of specifically finding a deal, I developed a platform with the aim of easing the property-finding process for single family properties on the MLS.