16 September 2014 | 1 reply
.$1,000 for attorney fees (I figure I need to have them look over all contracts and documents that I'm going to use).--$2,000 for marketing (I know it's lean but the idea is to invest money from my deals back into marketing).--$500 to pay some contractors to give me estimates on houses I want to put under contract.
20 May 2015 | 16 replies
My written tenant acceptance criteria clearly states "documented income", so unreported and under-reported stuff does not count.
18 September 2014 | 16 replies
If you use someone that is willing to help but has no idea what is required, no experience in how to administer a 1031 Exchange and/or what documents and language must be used/included, you will have a very difficult time during an audit.
26 September 2014 | 8 replies
I have bought many condos though so one thing I would say to do is check the document carefully to see what they say about rentals.
9 October 2014 | 10 replies
Just make sure that you have an attorney draw up the contract and that it is recorded with the county immediately after closing so that your right to take full ownership is documented.
4 June 2017 | 8 replies
If you want to classify the origination fees as interest expense, you can, you just need to disclose that in your statement of accounting policy.If you'd like to read more, go to page "FAS91-7" of the document below and look at #20 part B.
20 September 2014 | 9 replies
I am no expert here but I believe there is something called a "due on sale" clause in your lenders documents.
18 September 2014 | 25 replies
The debt raise would be more beneficial.
19 September 2014 | 4 replies
Structure/document the steps by which you accomplish the former and outsource them.
18 September 2014 | 3 replies
I feel as though to lessen the difficulty of my first wholesale i will just offer the amount owed on the home which would still be beneficial to my buyer.Thank you