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5 April 2019 | 10 replies
I put about $30K doing facelift sorts of things and now rents are $850 with plans to go to $925 when the current leases expire.By combining the lots (which costs less than a total of $25K since they were very small and were divided by a county easement which ran right down the middle of the entire property) into one parcel the property is now worth $534K.
8 April 2019 | 3 replies
Another walk-through was arranged with the listing agent drawing up the paperwork.
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13 August 2019 | 10 replies
If there was a bidding tie, they had a drawing to see who won the bid.Approximately 30 people registered to vote.
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5 April 2019 | 6 replies
I guess back to the drawing board.
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12 April 2019 | 7 replies
We then take an owner's draw from the parent LLC, which is a partnership.This sounds much more complicated than it actually is.
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5 April 2019 | 5 replies
So far I have:-Depreciation =deduct home price (divided by 27.5) from your income, rental for active income-Rental income is taxed less than active income (what is it, like 15%)-Ability to set up corporation to pay less taxes (would this be the 7.5 ssn, or are there others), deduct all expenses related to business activities (gas driving to rentals, CPA/Attorney fees, home office possibly, etc.)
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9 December 2019 | 2 replies
Hi Jesse, I believe you are drawing an incorrect conclusion re use of trusts to title MF in, over all you'll find ownership to be LLCs for commercial property, including MF.You will need to find how to access public records for deeds and security deeds (mortgages) for your area.
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6 April 2019 | 1 reply
I have a very good relationship with a hard money lender that I have done maybe 30-40 houses with in the past and he is willing to lend me most of the money I would need but there is still the need for operating capital and a need to have money for repairs until they are released on a draw from the hard money guy.
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2 May 2019 | 11 replies
I will have an attorney draw up anything I am doing, thank for your concern though.
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8 April 2019 | 15 replies
@Charlie MacPherson I found share unit which looks like my saw footage divided by the total saw footage x 12 million equals about $30,000.