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17 May 2024 | 4 replies
So if I liquidate money from my business credit cards and open a forex brokerage account and pay for a trading bot, is the money i use to pay back the credit cards and trading bot taxable?
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17 May 2024 | 3 replies
You could also ask them for some of their recently sold listings, and you can compare the properties and the cap rate they traded at with the subject property you are looking at.
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20 May 2024 | 8 replies
To fill a vacant mobile home park lot typically requires bringing in a home and selling it, while filling a vacant RV park lot simply means somebody pulls in their motorhome or travel trailer.Think of RV parks more like owning a restaurant (and the hands-on management that entails) while owning a mobile home park is more like owning a parking lot that rents spaces out monthly and is much more passive in management.Some people just prefer one business model over the other.
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20 May 2024 | 8 replies
More importantly, there no great bargains there…people are paying at or close to market value.
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20 May 2024 | 0 replies
Along side that with the connections I have already made and my joy for meeting new people growing my portfolio is also on the table.Looking forward to connecting and growing together!
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20 May 2024 | 19 replies
So like I mention in another comment, many people use business credit cards with 9-12 months 0% interest to make their down payment.
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20 May 2024 | 10 replies
Basically to buy a property below market value, add value/equity, rent, and refinance, however, I do want to draw out a lot of my capital or leave at most 20-30k in the property (or whatever the more experienced people think).
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22 May 2024 | 19 replies
Some people just happen to have an extra property to rent out and thats all they want from it.
20 May 2024 | 4 replies
@Charlice ArnoldInterestingly enough we have found many have passed on opportunities to buy hard money loansNot sure why as I would recommend them to an investor over an owner occupied loan any day of week but people either think they can make 15% or have some other reasonCurious to here if anyone else has some short term loans that have challenges finding a buyer
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21 May 2024 | 12 replies
I hate when people ask advice, get advice, then never return to update us.