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Results (10,000+)
Alton P. $5.3M to use but 0 experience. Advice...?
22 January 2024 | 96 replies
If it doesn't work... you can still pull some of your money back out and it should not be a total loss.That way you get to secure $4,000,000 for the long haul and should be able to live comfortably off of the interest, and you get the thrill of losing 1.3 Mil or turning it into much more. 
Juan Figueroa New Investor Tax Help
20 January 2024 | 13 replies
CPA and Lawyers will always tell you to get one (and contrary to popular rumors this has nothing to do with getting more $ for filing fees).
Brian Hughes There is NO REASON to Manage your own properties if you have 4+ Units in San Antonio
18 January 2024 | 13 replies
Between all the fees, that 10% per month really averages out to 15%-18%.
Lori Edelman Best way to pull equity from home
17 January 2024 | 7 replies
It’s a highly sought after, stable area, with lots of competition for housing.If your house sells for $900k your real estate fees at 5% would be $45,000.
Aimen Shawki Multifamily in Los Angeles - Bad timing? Should I look elsewhere?
20 January 2024 | 36 replies
@Aimen Shawki If you can pull off the plex deal in LA I think that would be your wisest long term move.
Danny Lynn Business opportunities to consider
20 January 2024 | 2 replies
Usually for the service provider to offer their services in exchange for equity/ownership interest the service provider is going to want ownership interest in the project that is valued greater than the fee they would customarily collect for the scope of work.
Alexa Davison Fix&Flip turned Buy&Hold
19 January 2024 | 6 replies
When we buy, we always try to have multiple exit strategies.Were you able to refinance to pull your cash out?
Joseph Taylor First Investment/ Flip - Loan to Purchase Process
19 January 2024 | 6 replies
Here’s the scenario:Purchase Price:$520,000Out of Pocket= Down Payment-18% ($94,000) / Closing Cost/Fees-$110,000Construction Loan-$60,0000Total Loan Amount-$468,000 @ 11% Interest= $4455 Monthly PaymentsEstimated ARV-$675,000Please let me know if all of this looks correct and how I can go about getting at least my $110,000 back out of the deal when converting to a 30 year mortgage.Also, any advice would be greatly appreciated!
Dhruvrajsinh Parmar Need Tax advise on split ownership
19 January 2024 | 6 replies
In this scenario say for example :For Listing host :Income : 100$Expenses : 50$ (Co-host payout, lets ignore Airbnb fees for now)Cohost :Income : 50$In this scenario wouldn't the listing host have an advantage as they get to report expenses on income compared to Cohost ?