Mike Silva
First time home buyer looking to house hack multi family in NH, but values at 600k+
1 February 2024 | 2 replies
Those are the taxes, insurance, landlord-paid utilities, and mortgage.
Michael Cotton
Tax Lien Investing in Maryland
29 January 2024 | 3 replies
I'm a new investor looking to get into the world of tax lien and tax deed investing in Maryland.
Joseph Fenner
Looking for the best financing for my first rental property.
2 February 2024 | 17 replies
My investment team will include the following individuals: Investors, Lenders, Brokers, Tax attorneys, Accountants, Realtors, Business consultants, business mentors, appraisers, construction contractors, marketing team, and fiduciary financial advisors, who else should I be working with?
Richard Arakelian
How do you determine rental demand?
30 January 2024 | 4 replies
Check statistical data on the specific city/neighborhood - FRED and other city/government websites publish the number of people coming into the city, population density and local news can tell what businesses are coming inHope this helps.
William Mogck
VA Loan Transfer to LLC
31 January 2024 | 3 replies
You cannot get a business loan or line without net income on IRS taxes.
Peyton LaBarbera
What are all of my options for financing a fix and flip project?
1 February 2024 | 17 replies
The cheapest lifecycle for any deal has been like 23k, the most expensive life cycle has been 48kThe lifecycle includes:DownpaymentClosing CostsInsuranceHolding costs of loanUtilities and taxes at property until you sell/refiDownpayment to contractor to start workLike I said, the cheapest life cycle I've seen so far was 23k and that was for a deal with numbers of:60k purchase60k rehab170k ARVSo, you can imagine when you step it up and are buying distressed houses at 150k/200k and putting 100k+ into them the liquidity needed to survive the projects life cycle will increase dramatically.And as a rule of thumb, if a project can require a 80% - 100% cash on cash return in 150 days or less close to close then it is a good deal.So if the project life cycle costs you 30k, you want to net 30k as a return.
Tracy Cheon
What do you do to negotiate better?
1 February 2024 | 7 replies
Remember all your investment in repairs can go into your business costs for taxes.
AJ Lee
Advice for property management
31 January 2024 | 3 replies
We really want to try to get our Real estate professional status for tax purposes.
Manuel Angeles
Los Angeles Commercial Multifamily Market Report as of January 15 2024
31 January 2024 | 0 replies
Sellers in the City of Los Angeles now face an extra 4% transfer tax for any sale above $5 million and 5.5% for any sale above $10 million.
Boston Caruthers
How to collect rent with new IRS Rules?
29 January 2024 | 3 replies
ACH bank to bank and zelle not through a third party platform I believe are the only ones not currently slated to issue 1099s since it is bank to bank but if you get audited the government will look at those as well.