Katlynn Teague
Buying in a LLC VS a Trust?
2 February 2024 | 3 replies
If you have access access to an 'Asset Protection Attorney" (Local), this is a good question to ask him/her.And also be sure to ask your tax person about the cost for maintaining either structure (accounting, tax, quarterly filings, etc...).Everyone always wants 'The Best", but (for instance) a Rolls Royce is considered one of the best, and it COSTS a lot more then a "Used Camrey".Getting expert advice on your personal situation is always best, vs just winging it based on someones response to an internet post.That being said, a Living Trust can own an LLC, but if that setup triggers an added tax return or two, IRS State and Local ($$$) is it the best choice.Which cuts down a tree better; a chainsaw, or a beaver?
Eric Forsberg
New to REI and ready to move forward!
3 February 2024 | 8 replies
Bought for $210k and recently appraised for $795k.As I’m based in Boston, MA, I would love to invest in other rehab/flips, MFHs, and/or STRs.
AJ Wong
Oregon's Multi Family Market lacks inventory not investors
2 February 2024 | 0 replies
Larger door counts usually take a bit longer to market, seller's are often open to seller carried terms or even assumable notes due to a low cost base, or local credit unions can usually offer attractive small lender terms and services.
Kristen Haynes
5 % down loan options now available for Investors- even Multi-Family!
2 February 2024 | 12 replies
They also offer low documentation and no-income verification loans (based on cash flow and bank accounts, not on tax returns- perfect if you 'write down' your income or if you are self-employed.
Lataw Bawknaw
BRRR. Will it cash flow..? or....
3 February 2024 | 11 replies
I believe learning by educating yourself is the best base for achieving success.BRRRR - Bigger Pockets Hard CopyBRRRR on Audible (1st and 2nd download w/ audible are free I believe)FLIP on AudibleGood Luck!
Beka Shea
Is your PPC marketing working??
3 February 2024 | 14 replies
In addition, what I really need or don’t need from a month to month basis so I know.For example, my mind was thinking 1) use you or carrot for SEO, such as website building, and get organic leads through being seen on google, tracking, and support2) get flipster to get more leads, repair cost calculation, cash buyer and lenders, skip tracing, comps, ringleas voicemail, email marketing, instant deal rehab analyzer, offer generator pro, digital contracts, track leads based on key words and supportOr3) Propstream - to have property data information and history, up to date comps, reports, rehab calculator, mobile app, trends and analysis And a Crm4) CRM- use Investor fuse or podio for tracking on what keyword or phrases our working or not working.
Rahul Gupta
Lending one extremely poor experience- Any other recommendations?
2 February 2024 | 5 replies
I contacted Lima one, and the same day i was issued a generic pre approval based on a bank balance and credit score alone for over $1MM, unfortunately they are not lending in IL so I will keep that option open when we are looking in other states.
Joshua Aycock
Tax Implications for Seller in Seller-Financed Deal?
2 February 2024 | 8 replies
Any other recommendations/tips for approaching based on the ownership vehicle being a trust?
Jessica Stern
No seasoning period for cash out refi?
1 February 2024 | 18 replies
There are lenders that will do 0 seasoning based on purchase price and receipts for remodel.
John Burgundy
Automate Screening Tenants Software
3 February 2024 | 1 reply
Once leads are pre-qualified, they can then make an appointment based on my schedule through some online calendar.