Seetha G
Selling Now - Tax Year Implication
29 September 2016 | 3 replies
It is very important to file an extension by the March 15 or April 15 deadline, depending on whether you are a business or individual, because not filing an extension will result in a 5% per month for failure to file penalty, but it is equally important not to file a full tax return if your exchange is not completed by the applicable filing dates referenced above.
Jessica Weiler
List of eviction notices
1 October 2016 | 10 replies
If they answer 'yes' or something similar you have a couple ways you can make that happen, depending on the underlying mortgages on the property (explained briefly below).
David Garrison
Realistic Strategy??
29 September 2016 | 0 replies
Learning where I'm wrong will ensure I find success when I get started. 1.Purchasing Plan + Time Frame (10 year plan)a.Year Onei.Purchase Quadplex1.Owner-Occupiedii.Roughly 20191.Greatly depends on Savings Plan successb.Year Two - Fivei.Purchase Quadplex1.Refinance Year One Purchasea.Cash Out to buy Year Two Quadplexii.Rinse, Repeat Strategy of Refinancing1.By Year Five own 5 Quadplexes (20 units)c.Year Six - Teni.Purchase 2 Quadplexes per Year1.Refinance Strategy2.Earned Income from Workinga.Only if necessary to stay on paceii.Results in 15 Quadplexes1.60 unitsa.Rent Each at $750i.Gross - 45,000/monthii.Gross - 540,000/yearEven if I pare down to 1 property a year through Years 6-10 that would result in 40 units40x750x12 = 360,000/yr Gross Income.
Danny Herrera
Help with Property Analysis
3 October 2016 | 2 replies
Plus you have HOAs, and depending on where in our area, they can be boogers.
Jason Burt
Mortgages for homes under 50k
30 September 2016 | 2 replies
Their rates are 6-8% depending on LTV and credit rating.
Nelson Barss
Forclosure bail-out, then rent back to the seller...bad idea?
30 September 2016 | 15 replies
Your resale target will vary depending on if you want to rent it out after rehab or sell (flip) the property.Would not touch renting back to them with a ten foot pole.
Jame Dobson
Good, dependable contractors in our area.
11 October 2016 | 2 replies
Hello All,My partners and I are looking for reliable licensed contractors to work with us on flips in the near future. We'd like to get recommendations of reputable contractors in the MD and DC area. We all know how e...
Trey Brooks
Business has hit a plateau ):
30 September 2016 | 1 reply
Statistically DM response is 3% average depending on the list you use that can be higher or lower.
Matt Costello
What are the A/B areas in Milwaukee?
4 October 2016 | 9 replies
Depends on your investment strategy.