Michael Jones
LLC and assets
23 March 2015 | 6 replies
An LLC is known to be established as a liability ploy, a business write off matter for small investors.
Michael Q.
fair market value estimatation
3 May 2015 | 2 replies
Hi All,just got put onto this site by an investing colleague of mine - what a phenomenal resource.I am looking at a 4-plex, it'll be my second rental purchase, already have one established, albeit SFR.When I look at comps the nearest 4 plex units are all 2 bed 1 bath, and one sold as recently as Dec 2014, so is a good guide for me.What is a good strategy to estimate value in the 4 plex of interest to me which is 3/2 as it's the only 3/2 layout compared to the other 2/1's.I have averaged number of rooms and applied this to larger 4 plex, eg sold for value divided by 8 (2bedx4 units), divided by 12 (2 bed, 1 bathx4) , then multiplied this by 12 (3bedx4) and 20(3bed, 2 bathx4) and I have also used square footage ratio's to gain a value on the larger property.Are any of these methods feasible and if there's a better method, I'd love to hear it.For the record, these comparative units are all in the same subdivision, are architecturally similar, so direct comparisons in this case are pretty close.Thanks in advance,Michael.
Sean Salandy
Should I use an attorney for LLC/S Corp formation
2 July 2017 | 24 replies
I personally feel as though establishing a series LLC is the move for me.
Matthew Hall
Is the DOS clause actually spelled out in the mortgage or just implied because it's not assumable?
14 May 2015 | 26 replies
Ok, so it's established that no DOS clause exists anywhere in the note, but that the note DOES say that it's not assumable.
Tim Kaminski
What Career Best Complements REI?
13 May 2015 | 8 replies
You can learn different trades through establishing a good network of people, but you can also save money on jobs by just taking care of the non skilled trade jobs and only hiring the professionals when needed.A real estate license can be obtained if you feel the need and won't require a large time or money commitment.I personally hold a sales position and try and use all of my variable income for real estate investment and live off my salary.
Shawn Davis
Getting Ready To Quit the W-2 and Go Full Time REI - What Are You Doing For Health Insurance???
22 May 2015 | 18 replies
Can self employed people establish some sort of medical spending account from which to pay obamacare premiums on a pre tax basis?
Ingrid Nagy
Inventory flying off the shelves
19 January 2009 | 15 replies
They will only do 80% LTV of contract price or appraisal (whichever is less) by the letter of their policies, but on our last deal (4 months ago) the one did 80% LTV of appraised value, which came in significantly higher than contract price, giving us about $20k cash out for remodeling expenses.It is certainly a touch-and-go market with the well-established players who have good credit and a clean history still able to do deals.
Jim Sharp
What part of you do you feed with all the negative commentary?
19 November 2008 | 25 replies
The problem stemmed from lax moderation on my part, and for that, I apologize.We simply gave people too many chances, instead of upholding the rules established to keep our forum from getting out of control.Well, we're taking the forum back!
Ferryawaty Effendi
Garland Texas MF 20 units
3 June 2018 | 6 replies
Southern Garland is older and less affluent, although there are some nice established neighborhoods in south and mid-Garland as well.
Cynthia Archuleta
Project or construction manager payment ?
22 June 2018 | 7 replies
This helps establish balkpark numbers to expect to see in a contract.