Nam Hoang
Do agents typically get compensation for recruiting new agents?
7 April 2019 | 10 replies
We also offer online training every day of the week however, as a new agent, I would recommend aligning yourself with a bricks and mortar brokerage so that you learn the tricks of the trade sitting side-by-side seasoned agent and a broker to walk you through the nitty-gritty.
Philip Johnson
Loan says I got 48 "Debt to income" ratio, what he talking about?
10 April 2019 | 76 replies
, but you would be trading that benefit for a loss on the back end.
Christine Kankowski
Craisglist scams!! Can't we make Craigslist help?
3 February 2020 | 14 replies
There may be a legal angle to all this, but that's above my pay grade.CL is just a small step above BackPage, which was recently shut down for aiding sex trafficking - and CL also removed their personal ad section as a result, though the "sex wanted" activities seem to have wormed their way into the other sections.When it comes to these rental scams, CL is aiding fraud, so maybe an attorney can take a swing at all this.Until then, CL is the wild west of the internet.
Susan O.
1031 depreciation schedules for Improvements do they forward?
19 April 2019 | 28 replies
Agree with @Michael Plaks1245 property associated with a residential rental trade or business can be S179ed unless otherwise excluded by the provisions of Sec 179.It should be noted that the only 1250 property allowed under Sec 179 is nonresidential in nature.
Lucas Taylor
Commercial BRRRR in KCMO Crossroads
6 April 2019 | 0 replies
Real estate agent/partner: Logan FreemanFinancing: Derek Bailey, Great Western BankConstruction: Kendon McBee, Full Swing ConstructionArchitecture: David Grimes, Shelter 24
Sixto Moralez
Used vehicle with Section 179
28 June 2019 | 2 replies
Also the business has to be active trade or business.
Llewelyn A.
How to Handle Charges on Personal Credit Cards
7 April 2019 | 6 replies
Substance over form.The Service would be concerned that the personal credit card expenses were actually used in your trade or business.
Darius Howell
Buying an Apartment
10 April 2019 | 10 replies
@Darius HowellI’m not sure I understand your cap rate argument completely but I imagine like most sellers he wants at least what market is selling for.The first thing I would do is call a commercial broker in your area and see what similar assets in a mile to 3 mile radius have traded for in last 6 months.That’s your base.Now figure out what cap rate the property could be at after stabilization.
Ken Tsai
First multifamily rental property
16 April 2019 | 22 replies
@Ken TsaiPersonally I'd go Multifamily if you can swing it.
Bill Fallesen
VA Loan for first house hack
29 May 2020 | 1 reply
I've been in touch with Veterans First Mortgage, trade name of Wintrust Mortgage, a division of Barrington Bank & Trust Company, N.A., a Wintrust Community Bank.