Investment Info:Other private money loan investment.

You typically have a certain time frame (known as contingencies) to get the loan closed.

I funnel the wifi, utilities, insurance and taxes through this account too.

Michael - When you say "loan" - what are you meaning?

Investment Info:Small multi-family (2-4 units) private money loan investment.

Loan consultants also needed.

If you're a single mom with student loans, a car payment, and living paycheck-to-paycheck, then $20,000 would be devastating and a reserve is critical.

I’ll pay a monthly agreed upon amount to seller and have one year to pay off the full amount/find a loan.

A "reorganization took place, one of the families left the group in exchange for the insurance proceeds and the property then had 4 owners (and 4 cottages)2000:  I bought ($42,000) my parent's share.2000-2010:  I bought the other shareholder's shares (total $300,000), leaving just me as the sole shareholder2017:  Elected to file as S corp.None of these transactions were properly recorded.2022 1120S tax return (2023 is on extension) shows:$0 income$15,000 Land (sched L, line 12)$122k Loans from me($189K) Retained earning$93K cap stock($46k) Sched m-2I have no idea how we got to these amounts.Does any of this make things easier to understand and easier to get me out of this capital gains problem (or does it just muddy things even more)?

Hi all, penciling a 17unit in Aurora CO and curious if anyone has any insurance broker recommedations?