Jared Schott
Long Term Rental by assuming loan; risky idea?
24 June 2024 | 3 replies
This house has an FHA loan that I can take over and all in it'll be 2k/month. however, the amount left on loan is 310,000 at a 2.75% rate. so, if I did 590,000-310,000 I would have to come up with 280,000.
Igor S.
DuPage County Sheriff's Sales Experience?
27 June 2024 | 11 replies
see link http://www.dupageco.org/Recorder/3392/You can search personally or online.
Account Closed
Seasoned Real Estate CPA Expert Answering all Questions on Investing Tax Strategy
26 June 2024 | 34 replies
So, while it may be legal in most states for you to lend the LLC funds if it is structured as an actual loan, in writing with specific interest and payment schedules, just like a bank loan, it would have no tax advantage.If it's a stock corporation, then yes you can.This would be entered in QB like any other interest loan.Feel free to reach out with any further questions.
Guillermo A Rios
Hello BiggerPockets! New PRO here
28 June 2024 | 5 replies
We run in-person meetups in Northern New Jersey on the first WED of every month, but in July it's the second WED in Morristown.
Joe Wood
Inherited IRA Withdrawal Questions
26 June 2024 | 11 replies
The IRA funds would not be able to be combined with other personal funds as in your note above.
Dan H.
How often do LPs try to exit syndication offering before sponsor/GP exit?
28 June 2024 | 10 replies
If you are thinking of creating a secondary market of some sort, you'd be the third person in the last 5 years that I've talked to and answered this exact question.
Jacob Cuellar
Pre foreclosure deals
28 June 2024 | 6 replies
I personally won't be doing them here in MD, but some people specialize in acquiring those types of properties and I would strongly suggest you to attend local meet ups and try to speak with someone who had done it successfully and never got burned.
David Lamb
Purchase house to flip with tenants inside
27 June 2024 | 12 replies
Other option, be a person of solution on where they are going next, help them find a place rental etc., or get them lined up with a residence in and pay for it for the first month.
Adam Beasley
Sell or hold negative cash flow properties?
27 June 2024 | 0 replies
Cons: Property 1 has strong expected IRROption 2) Sell property 1 to pay off a construction loan on property 5 and purchase new SFR -- Pros: Improves cash flow by $1,000 / month, Adds $40k cash to bank account (after $30k loan repayment and $40k SFR purchase).
Maria Menshchikova
Investing in new buildings?
27 June 2024 | 3 replies
Hi Nicholas, thanks for the answer and let me provide more details :) The offer is to invest into new construction with 20%-30% down payment 0% interest rate loan till the end of the construction.