Charles Coaston
Do these terms sound right to you guys.
25 July 2018 | 5 replies
that will be my fourth investment property and I'm not only not putting any cash down I'm taking equity out for repairs and rolling a truck loan into it as well.
Ken D.
How not to overpay for a value add multi
21 July 2018 | 12 replies
(ARV x .65) - repair costs, holding costs, etc = Max OfferStarted my career with this formula and if you can stay disciplined enough not to violate it there's plenty of readily available capital to borrow.Go get it dawg!
Dustin Awtrey
How am I taxed? Can I pay myself a salary?
20 July 2018 | 14 replies
Remember to use this bank account for business expenses such as meals, car repairs, gas, tolls, business travel, home office expenses, and other items used in your business (i.e., iPad, laptop, etc.).
Joel Falk
Flip and Rental Tax Consequences
19 July 2018 | 5 replies
My thought is that if the 50k gain is immediately reinvested into rental stock, the actual net income is zero, but I’m almost sure I’m oversimplifying things.Assuming the answer is "no you cannot", is there any way to do flips to fund rentals that minimize current tax obligations (dumping 100% of proceeds into solo 401k, and then taking loans from 401k to fund the rental downpayment/repairs)?
Vandale Gentry
Please help me with BRRRR financing
30 August 2018 | 14 replies
After repairs the house will be valued at $250K.
Anthony C.
Cap Ex and Maintenance in Rochester, NY
19 July 2018 | 3 replies
Set aside something each month to cover for it when it does need repair or replacing.Hot water tank: 10-15 yrs max life, $650 if installing yourself, otherwise $800Furnace: also 10-15 yrs max life, $1500-$2000Roof: $7000-$17000+, depending on size and condition. 20-30 yrs max life.
Michael Szypulinski
How to survive the next crash?
28 August 2018 | 14 replies
how much cash flow would a property need- Depends on you, the number has to be over your PITI + vacancies + CAPEX + repairs + other potential costs you can projectWorst case scenario, how low would rent get?
Michael Darten
Refinancing multifamily unit
19 July 2018 | 10 replies
Maybe arrange your financing ahead of time for a second deal and put 30% down on another identical deal. you’ll still have half a million left for reserves or a third I dentical deal if you have other reserves.
Kurt Pauley
Structural Engineer or Foundation Expert
19 July 2018 | 5 replies
Pete with Innovative Basement Solutions is very knowledgeable when it comes to foundations and foundation repairs
Paul C.
Need bank for HELOC on Rental Property
27 February 2019 | 14 replies
I can quit claim it to myself, but it's in a trust and what a pain to do all that.Just a heads up on that if you are looking at pedfed and hold it in a LLC.