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25 March 2024 | 10 replies
I would read as many books on real estate investing as I could to more quickly learn the business.
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25 March 2024 | 7 replies
I currently am flipping a house locally, but I’m quickly realizing I need OPM to scale my business.
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24 March 2024 | 19 replies
I always recommend for my clients (and myself) to run the investment portfolio like a business and suggest to form an LLC (running as S-Corp), even with only 1 property.
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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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25 March 2024 | 26 replies
Most of my investing capital is tied up in my jewelry business, but I have about $45k in SDIRA funds that I'm looking to invest for about 6-9 month terms.Thanks . .
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25 March 2024 | 10 replies
I know their charter / business practice is that they only do business in their local / region...I'll ask my lender in the meantime...Good luck.
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25 March 2024 | 6 replies
You may easily look up the person on the NMLS site with their licensing number and find out if they are authorized to conduct business.
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25 March 2024 | 7 replies
I really think the ball was dropped on the prospecting and operations side of the business on my end.
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25 March 2024 | 10 replies
The interesting thing is that an LLC is normally meant to hold 'business assets'.However, a house-hack is both a personal property and a business asset.Therefore, the question then is, is there any protection being given to you.The next is, if the LLC is jointly owned, is there a partnership return due, which is normally due March 15 of every year.
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22 March 2024 | 4 replies
They undoubtedly overpaid for the homes which were bought by the least savy homebuyers who have now got into trouble/overleveraged and need to cash by selling a portion of their equity in the first place, thus NADA's positions will likely fall faster than the overall market as they have this intrinsic flaw of no price discovery in their methodology. so either NADA makes out like a bandit by fleecing stupid Americans (not a unique business model) or NADA bought overpriced homes near the PEAK, since they just started business in late 2021, and they will incinerate your investment better than Cathie Wood, I'm getting my popcorn ready to watch this %&*@show :)