John Matthews
Is high cash on cash return with traditional financing possible?
13 January 2015 | 22 replies
I am getting 2.2% on a duplex in E.
Terry P.
What to bring to the bank for the loan process
10 July 2017 | 1 reply
TO START OFF WITH A FEW THINGS THAT COME TO MIND:I assume you are looking to get qualified for your new home purchase so all the things need for the first loan in Income, assets, 2 yrs of tax returns, Bank Statements, etc.For your first rental: copy of lease Schedule E for 2 years.
Brittany Roley
Double trouble-how to creatively buy a second property
21 April 2016 | 10 replies
In this case, proper financial preparation would mean being able to comfortably cover the downpayment(s), make both mortgage payments with existing stable cash flows - either from jobs, rents, or other investments, and having a nice cash cushion to cover the expenses.
Brandon Ingegneri
I do not know how to break up my business into smaller entities.
2 February 2017 | 14 replies
Brandon, if it were me I would keep the rentals separate from the other entities because rental income/expense is treated differently for tax purposes (schedule E).The other businesses are all "earned income" type of businesses so in theory for tax purposes could be combined, but I would keep construction as its own entity because it's really its own kind of business with its own kind of risks.I would probably put the property management under the real estate brokerage, both for the sake of simplicity and also the fact that if you want to manage properties for others (which might technically include you due to entity structure) you need a real estate license in RI anyway.
Kyle Scharoll
New Metro Detroit Investor
3 May 2016 | 10 replies
We have typical stock-based retirement accounts, but we're aiming to accelerate retirement by building a stable portfolio of buy and hold properties.
Damon Armstrong
Help with taxes analysis
18 June 2014 | 8 replies
(H/E) 0$8,020.00Total$10,585.00 Tax Amounts Parish Tax$1,052.26City Tax$0.00Total$1,052.26 Homestead Homestead Assessed Value7,500Homestead Deduction($745.58) Fines Tall Grass Amount Due$0.00Tax Commission Fee$0.00Total$0.00 Taxpayer Amount Due$306.68
Ken Scarbrough
FIRST TIME INVESTOR FROM INDIANAPOLIS, IN
2 July 2014 | 14 replies
Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Week http://flip2freedomacademy.com/ - free e-bookFlip2freedom episode 77 - podcast - LISTEN TO THIS TODAY!
Matt Frazier
Applications and Leases
6 November 2022 | 12 replies
Some now even include e-signature options so you don't need a separate subscription to Docusign or one of its competitors.
Bryan Bagge
Location, location, location
16 January 2016 | 11 replies
Do I continue to save and buy a building in a more stable city?
Account Closed
"Realtor" VS "Wholesaler" VS "I do it myself" ?
15 April 2014 | 3 replies
I simply find/or others find for me properties to buy for flipping, buy/holds and even other R/E vehicles to gain wealth.