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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20 May 2024 | 2 replies
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20 May 2024 | 11 replies
Another option is private money / hard money.
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21 May 2024 | 10 replies
But if you have a little money to invest, then skip-tracing and contacting property owners is another method.
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21 May 2024 | 12 replies
If the lease is scheduled to start June 1st but you find a new renter to move in on June 15th, then the original tenant can be held liable for rent June 1 - 15.Honestly, I would just let the guy go and refund their money.
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20 May 2024 | 28 replies
Potential asterisk on pulling that money out of the S-Corporation.The benefit of not having real property in an S-Corporation is flexibility (don't have the same deemed gain rules if pulling it out of a partnership), basis in the debt (in your case you don't have any debt).You could still end up with some double tax on this.
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20 May 2024 | 11 replies
BESIDES DESTROYING PEOPLES LIVES YOU ARE INGAGING IN CRIMINAL ACTIVITY .ALL THE HOUSES ARE PAID OFF IN FULL AT CLOSING.BANKS NEVER LOANED US ANY MONEY!
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17 May 2024 | 4 replies
It's never wise to invest with 100% borrowed money.
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20 May 2024 | 7 replies
It is not normal to see that high in one year but it does happen too often when they need money.
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20 May 2024 | 2 replies
The money spent on the flip will be a write off from your profit and shouldn't be taxed regardless.