David Michael
What is the best way to take money from your mother in law
18 November 2018 | 16 replies
It depends on her goals and facts and circumstances.
Jason Rogers
Setting Realist Goals
16 November 2018 | 4 replies
Now that I'm older and wiser; What is a realistic goal in terms of how many deals should i shoot for in one year?
Victor G Perez
Seeking some advice, in Austin
21 November 2018 | 7 replies
Our professions are not related to real state or construction, and I never had to constitute any kind of company in the USA (did back in Spain, but laws have nothing similar).After much reading, the only two things I'm starting to get clear are: that buying and selling within a year has very different tax implications than living in your home for a few years then selling it, and that I should find at least a good CPA and possibly a good lawyer specialized in real state to figure out how to structure this to minimize taxes and liabilities.At the end of the day, my goal remains the same that I want to end up with a couple of investment properties, don't necessarily need to base my retirement on that, but just to not have all my eggs in the same basket.
Autumn Alexander
Background checks for renters
23 November 2018 | 16 replies
There shouldn't be that many using the service if you pre-screen well -- I rent to the first tenant that fits my criteria, so I don't have a ton of fall-through.I do also think that checking their social media profiles and check their references as part of the application process is a good idea, as well.
Kennessey Foote
Advice Needed - Trusts, Companies and Income
17 November 2018 | 3 replies
My goal is to merge the trust properties and our 'flipping' into one.
Bob S.
what if you had 100k cash right now? what would you do first?
20 November 2018 | 23 replies
It depends on your goals but I would spend it on people and marketing.
Erika Graf
First steps in buying real estate
19 November 2018 | 11 replies
Spend some time defining your goals and what size and shape the multiplex is going to be.
Duriel Taylor
Note Investing Advise
4 December 2018 | 20 replies
My note investing goals;Buy lowNon-performingHold and collect mortgage payments Resale to an investor looking for performing note Address: 2124 Tullis Dr Montgomery, AL 36111Asking: $42kLayout: 3/1, single family homeArea: CLien position: 1st UPB: $80,968.80Monthly mortgage payments: $719.78Sale comps: $62k Rental comps: $600 per month4 months behind on mortgage paymentsTaxes: $218/year (actual, from county website)Insurance: $217/yr (based on a formula for a home in the 50k-60k range)Here are my thoughts on how to underwrite it: Offer: $28k Fair Market Value: $62k Modified mortgage payments: $650 monthlyPayment upfront: $5kI came up with the 5k based on lawyer fees, BPO, tax for the yr, insurance for the year and servicer fees.
Megan Elise McIlvaine
How to decide whether to Fix and Flip or Buy and Hold? Atlanta
21 November 2018 | 7 replies
If the home fits my criteria for a rental property I will keep it.
Jake DeBoer
Struggling to find the right financing partner
20 November 2018 | 12 replies
A little harder to fit their qualifications.