Cliff Song
Advice on creating an LLC before first property.
9 September 2024 | 9 replies
This can help you manage your tax bills better.Professional Image: Running your investments through an LLC can make you look more professional to lenders, partners, and tenants.
Adam Fiscal
Investor/STR Owner/Manager in Lubbock, Texas
9 September 2024 | 3 replies
I now currently own 6 Vacation rentals across 3 states, 1 long term rental, and manage other Vacation Rentals through my business, Lubbock Complete Bnb.
Casey Hampton
Multi Family Partnership Structure
7 September 2024 | 2 replies
@Casey Hamptondon't partner - too small, too complicated.you should both just save up to afford your own individual house hacks.
Maryann Fialdini
Seller signed Warranty Deed over to buyer so tax foreclosure stopped
16 September 2024 | 10 replies
Talk to whoever handled closing and find out if you can charge her with theft or something similar (can't think of the name-not fraud) as she has your money.at least you signed paper work in front of a notary, so have a witness and paper trail.
Jennifer Fernéz
Rental acquisition with bad tenants
10 September 2024 | 5 replies
Quote from @Jennifer Fernéz: The best method is to make an offer and require the seller to remove the tenant so you don't have to deal with it after closing.If they won't do it, then you'll have to do it after you own the property.
Louis Hemmler
Real estate syndication
10 September 2024 | 3 replies
Hi everyone,I currently own a few rental properties, but I’m looking to transition into real estate syndications.
Keegan Schaub
Need Help Finding Land Value for Cost Segregation, Tucson AZ
17 September 2024 | 6 replies
If you don't have an appraisal and cannot rely on the county website then speaking with an appraiser sounds like your best option to get an accurate valuation.
Brad Kanouse
Using IRA for downpayment
16 September 2024 | 1 reply
@Brad Kanouse,If you take a distribution from an IRA - it will be subject to taxes and penalties.You can convert your IRA into a "Self-directed IRA" and have the IRA buy the property, in this case you are not the owner, the IRA is.
Piper Pepperidge
Hottest Markets in Maryland / (DC area) ?
11 September 2024 | 4 replies
Quote from @Piper Pepperidge: Looking to do my first flip, was originally looking at baltimore, but it looks like it's moving towards a buyer's market and inventory is very high so I'm looking for other hot neighbors with low inventory.ThanksHottest markets are inner ring dc suburbs, moco, nova, even Howard and Frederick, I can tell though if you are a 1st time flipper you will lose money, I’ve been doing this for nearly a decade and I cannot hit my numbers, I met with a flipper a few weeks doing 12 a month, has his own crews, buys off market, literally a full time business, even he is struggling , it’s a bad time to flip right now tbh.