Robert M.
Book recommendations for Valuing properties
15 July 2011 | 5 replies
Hello,I'm looking for book recommendations for valuing properties from a buyers perspective.
Matthew J. T.
Putting contract under your name or under business name?
16 July 2011 | 6 replies
And you will also be considered a "Dealer" for those properties that you wholesale.As for whether you do it through your personal name or company, I don't think the liability is going to be much different if you're not planning to actually close on any properties (though I'm not an attorney and I'm sure there are some edge cases where it does make a difference).From a tax perspective, if you have an S-Corp or an LLC taxed as an S-Corp, you may be able to save on self employment taxes for a portion of your income if you buy/sell through the business.
Stella Chan
What are the best RE Investment books you ever read?
13 September 2011 | 20 replies
It's a brilliant book that can give you a macro perspective on the real estate game, and would be an excellent complement to your other readings like Millionaire Real Estate Investor which is also a great book.
Jeremy Salvador
Best Legal Entity For Investment Property
8 August 2011 | 36 replies
Jeremy,There are only two choices that make sense:1) Limited Liability Company (LLC)2) Personal OwnershipFrom an asset protection perspective, the attorneys will tell you to use an LLC, because it may protect your personal assets in case something awful happens that results in a large liability lawsuit.However, an LLC will thrust you into the wonderful world (sarcasm) of commercial lending.
Joshua Dorkin
US Credit Downgraded from AAA to AA+
8 August 2011 | 37 replies
From a fiscal perspective, easing tax burdens and not necessarily in lower rates.
Keith Saunders
Major Banks Forging Ownership Documents
16 August 2011 | 20 replies
The "seller" in this case is a company that doesn't exist from the secretary of state's office perspective.
Jerrold Stallworth
Pulling comps the right way
9 August 2011 | 12 replies
Once again, from your investor's perspective, that ARV is the key to his lending.
Larry Harman
Hello BiggerPockets! My name is Larry
11 August 2011 | 16 replies
I look forward to hearing more about your perspectives on real estate.Kevin
Jim Stardust
Getting fed-up with REO agents
10 August 2011 | 6 replies
You might even get some interest from the AM's that are pulling their strings, wondering what crap they can dump on you, knowing that you'll probably close on a lemon every now and then just for the relationship.All in all, if you look at things from everyone else's perspective instead of just your own, understanding REO agent psychology (and life in general) gets a lot easier.
Danny Day
Can someone explain owner finance strategy
14 November 2011 | 10 replies
From my perspective I buy owner finance on a WRAP.I look for desperate landlords wanting to sell.I go 30 year am with a 5% to 5.5% rate and refi out in 5 year balloon.I put nothing down except closing costs.Yes many sellers will not agree to this but I am only looking for a few and YES you can find them.If someone wants a high interest rate at 8% etc. then I tell them I will have to lower the offer price substantially to offset the higher debt service so that I can cash flow.A sellers can't get paid NOW with as higher spread and the buyer gets no cash flow AND get a high price down the road.I call that an unmotivated seller.Most owner finance are happening with WRAPS these days around the senior mortgage.The key is If I put little to no money down and the senior loan is called and I can't refi out I really haven't lost anything because I had cash flow and just lose the property.If I have built up forced equity I will be able to retire the senior note anyway.Now if I did owner finance with a WRAP as a buyer and put 20% down then I have a ton to lose if the note is called.This is why not all owner finance deals are good.I know some buyers that agree to any owner finance just to own a property and they are going negative every month now since extra repairs and lower rents hit them.So yes Mr.Seller I can give you more on purchase than a cash buyer and you are owner financing me but it still has to make sense.