Michael Hodde
First multifamily deal
28 January 2024 | 0 replies
Negotiated 9k off asking and an additional 2k in closing costs through our agent and the home then appraised for $14k over the sales price.
Avery Oblepias
Victims of Trust Funding Scam
28 January 2024 | 8 replies
In addition and you probably would not know this.. but in Vegas or anywhere in NV .. you MUST be state licensed and NMLS registered and have a brick and mortar no matter what state the property is in.. so if the lender says they are Vegas based and they dont have license numbers on their website they are frauds on their face..
Aj Escomiendo
Rate Shopping Etiquette
27 January 2024 | 13 replies
., attorney, buyer agent, title, etc.) and may result in delaying the closing.In addition to their responses, while you are performing due diligence, please do understand that the cheapest rate doesn't always equate to the best overall deal and/or best service.
Pablo Avila
Follow these simple steps to get your first wholesale deal! (Advise)
28 January 2024 | 5 replies
Additionally, if you're serious about doing this long term, invest in an inbound leads channel and create a "we buy house in _____" so long term you can get motivated leads come to you.
Logan L.
What would you do in my situation?
29 January 2024 | 17 replies
What is your goal with your next property (and the next) - I see investors flip back and forth with holding some and flipping in the mix to gain a larger one time sum of return too.
Trey Manfield
Off-ramp for hemorrhaging negative cashflow
27 January 2024 | 16 replies
You have no net gain, thus don’t have to worry about capital gains tax.
Yi Chu
lease for the rental property
28 January 2024 | 1 reply
In addition, many localities require you to give contact information for whomever is managing the property.
Ivan Touevski
Hi all! I'm just starting out on a long distance investment journey (PA, NJ?)
27 January 2024 | 27 replies
Anyhow we gained a ton of equity on our current house so it worked out I guess.
Mack Owens
Quit Claim Deed / Finding Lender - Please Help!
27 January 2024 | 14 replies
Primary residences are different than typical rentals for 'asset protection'.Your state may have homestead protections you may forego and/or you may not qualify for cap gain tax exclusion at sale by not owning as a natural person.Private money terms are likely your biggest asset risk, not fear of lawsuits.
Daniel Schiff
Taxes due for flip with married couple both with W-2 earnings
26 January 2024 | 11 replies
Joint Tax Return- 1040, Schedule 1, Schedule 2, Schedule 3, Schedule A, Schedule E, Form 4952, Form 8889 -Husband individual HSA, Form 8889 -Wife individual HSAForm 8959 Addition Medicare Tax (Wife), Form 8283 Charity, Form 8582 Passive Activity Loss Limitations (all Zeros since no property was in service yet)