Account Closed
Using Business Credit for Proof of Funds for Hard Money Loan
2 February 2024 | 5 replies
For example if your sale price is $290000 and you can find hard money with 25% down that payment is about $2964+1601 =$4505 monthly when the rents are likely $1900.
Brandon Elliott-Pandey
How to get money out of your 1031 exchange! LEGALLY :-P
1 February 2024 | 8 replies
Doesn't make sense since its just a small percentage that you can take out unless you are trying a massive sales commission, but its still taxed heavily.
Alex Goldenshtein
Foreclosure in Wake County
1 February 2024 | 2 replies
Hello.When purchasing a foreclosed property in NC (wake or Durham county), do any liens stay on the property after the sale?
Kevin DeBoer
My First Real Estate Investment
1 February 2024 | 0 replies
Purchase price: $83,900 Cash invested: $3,500 Sale price: $135,000 This was my first home and was an investment from the very beginning.
Ali Masoudi
Buying and running a carpet/ flooring cleaning company in Austin TX?
1 February 2024 | 0 replies
Hi there, not sure if this is the right forum, but I'm interested in starting a real state service business on the side (I have a full time job and rental properties), and recently came across a carpet/ flooring cleaning company in Austin TX that is in the market for sale, the owner started this business a few months ago and ran that for 3-4 months, the demand was solid for the start (revenue around $20k/month with one truck/van), he wanted to expand but got into family emergency issues and now he's selling the business, there are no financial statements as he says he's basically selling the assets (van, machines etc.).
William Mogck
VA Loan Transfer to LLC
31 January 2024 | 3 replies
Good afternoon all,Looking to transfer the title of my personally owned VA loan to my LLC, using the house equity as collateral and securing a business line of credit as the LLC has no current revenue/product.
Justin Repp
Rehab into 2 family or condo conversion
1 February 2024 | 13 replies
It's more about the market for the end product, than about the increased cost.
Susan Kelley
Seller Financing Reneged One Hour Before Closing
3 February 2024 | 18 replies
I've already urged the listing Broker and agents to educate Seller as to the benefits of pmm... higher sales price, ultimately more money from interest payments, relief from liability and dealing with awkward leases, putting an end to nearly 2 years of marketing, etc.
Michael Furey
Flipper trying to buy wholesale
2 February 2024 | 13 replies
To get deals like wholesalers you are going to have to build a sales team.
Edward Acker
1031 into an investment property you already own?
1 February 2024 | 2 replies
You have to close the sale of your old property before you take title to your new property in a 1031 exchange.There is a process called a reverse exchange where we as the qualified intermediary take title to the new property before you do.