Noah F.
What should my approach be given my situation?
9 January 2023 | 8 replies
I am unclear about what your main purpose is.
Syed A.
Moving Rental Properties to Corporation
2 April 2018 | 4 replies
Issue #2: S-Corp VS LLC: My accountants are telling me that S-corp is better for tax purpose and my attorney is telling that LLC is better for liability protection. so who's correct here?
Peter Mckernan
LLC
11 March 2014 | 15 replies
Example: My LLC series 1My LLC series 2Etc. all properties are protected like they are in individual LLCs however they all fall under "My LLC"Also there is not any extra taxes or accountant work due to them all being under the single LLC for tax purposes.
Account Closed
Business purpose loan becomes consumer loan
12 March 2014 | 7 replies
If I lend to a rehabber's LLC for the purpose of a fix and flip, this is truly a business purpose loan, at that point.
Alvaro Rodriguez
First time owner finance
6 January 2023 | 10 replies
Would the seller and buyer agent split the (for example purposes) split the 6%, so each gets 3%?
John Vang
Homeowner's insurance question (FHA househack)
7 January 2023 | 7 replies
Wondering if anyone has any experience with this or can explain what purpose this serves.
Tanh Truong
Can you become a millionaire in just 12 months?
4 January 2023 | 1 reply
Ironically, my partner and I find off market deals, with partners, add-value and so on... what we found is that you can RUN towards wealth creation when you're working with the right people, with the right deals in real estate.
La'Terrius Campbell
What is a SBA Loan, and have you used one?
6 January 2023 | 2 replies
These loans can be used for a variety of purposes, including real estate purchases.There are several types of SBA loans available, including:SBA 7(a) loans: These are the most common type of SBA loans.
Joey Hernandez
Sell 2/2.5 INV-Condo - Reduce DTI - Refi out of 4plx VA
5 January 2023 | 2 replies
Hello, I am thinking about selling our Investment PropertyWorth $150,000Purchased for $105,000Down payment was $32000 (Or we could keep renting it out rental profit is $305 a month(selling seems more right))Owe $55,000-----"True Profit" $49,000---------------------------Want to use $81K (DP + Prof) to bring down DTI---Next Step---Refinance out of (VA/IRRRL) Loan so I can get my VA benefit back (Disabled vet = no funding fee; no PMI, etc)Property 4 Plex3 of four units rented (son lives in 3rd and we have a room - remote work)Mortgage is $3100 mthly with a 2.25% interest rateRental income is $4000 ($+/-900 profit a month)PURPOSE: Refi with NEW DTI to purchase a second Small Multi-family at new work location for the VA Benefit**It is worth $700K now and we owe $450K** I'd really appreciate any feedback or thoughts, would love to be debt free except for real estate but if there is some thoughts on HELOCing out of the IRRL and maybe getting some money to buy down % on the new 2/3/4Plex - I am all ears.
Tony Le Claire
Newbie from Phoenix, Arizona
26 April 2017 | 9 replies
I have a small amount of capital to invest with (25k), as well as excellent credit for financing purposes.