Melissa Hunter
getting leads for wholesaling
18 April 2024 | 5 replies
Usually the person in charge of marketing will do this for you and will add you to a mailing list.
Steve Saenz
Private lending documentation advice
18 April 2024 | 8 replies
Your friends might not want or need this, but if you go to an institutional lender, this is what they'll ask for...GUARANTOR APPLICATION: Each owner of the Borrowing Entity will need to complete some sort of application on themselves personally.
Ashton Coe
Just getting Started
16 April 2024 | 7 replies
Depending how much you earn you can step up those savings by getting a side-hustle in any part of real estate....working for a top Real Estate office on weeknights and weekends, working for an RE Investor, working for a General Contractor and learning a few skills, etc.
Corey G.
Property management LLC (filed as an S-corp for taxes) on my own properties?
16 April 2024 | 12 replies
.- rentals do not go under an S-corp, which is why a separate PM company was suggested- S-corp technique on reducing SE tax is both tricky and costly, and you cannot set up your salary arbitrarily- you can only base your 401k on the part that IS subject to SE tax- you usually cannot generate enough "earned income" from this 2-companies setup to make it worthwhile for 401kSee, it is not simple.
Kristi Tietz
Question regarding short term EMD lending or “gator lending”
18 April 2024 | 54 replies
I could see this being useful in a BRRRR scenario, but in that case you could be looking at a much longer term loan than 30-60 days, especially given supply chain issues and the uncertainty of the person being able to qualify for the cash out loan as rates continue to climb.
Don Konipol
Thoughts on “subject to” deal making
18 April 2024 | 15 replies
So my thought on this is that I wouldn’t (personal preference) engage in a subject to transaction with anyone other than an experienced investor on the other side of the transaction.
John Underwood
The state of Hawaii may ban all STR's
18 April 2024 | 15 replies
Plus a lot of general public started doing that which is the signal for the end... kinda like a good night club going down hill.Moreover, the tax implications for vacation home rentals vary based on how often the property is rented out and used personally.
Sam Booth
Curb Appeal Ideas?
18 April 2024 | 19 replies
Choose a bold color that complements your home's exterior and adds a pop of personality.
Fadela Zaoui
Seller financing & court ordered sale
18 April 2024 | 2 replies
Hey @Fadela Zaoui - if its a court ordered sale... unlikely sellers would entertain seller financing, but the answer's always no unless you ask :) I recommend working with your broker to figure out what the sellers really want - sounds like one of the sellers wants to cash out so they may not be the person that wants to do seller financing BUT the other seller may be open to it.You could also potentially look at a joint venture option where you just buy out the seller that wishes to sell her portion, and partner up with the other equity holder who now gets to retain their piece of the pie.
David John Forliti
Conflicting information on 2BR/3BR vs larger houses
18 April 2024 | 14 replies
We also pull tax information and public records data to help estimate things on the expense side.I personally have 25 listings and recommend that folk do as you say and learn the nuances and intimacies for specific properties in specific markets.