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Found Deals Off Market - Here's How
6 May 2024 | 62 replies
If I can refinance to combine loans and lower rates, my cash flow will significantly go up.
David Yonwook Chung
Getting into Wholesaling (primarily), flip and BRRRR
8 May 2024 | 1 reply
It is hard to get enough cash to get started here in California, so I am looking to grow my capital through wholesale and fix/flip.
Kyle Steiner
10 Loan Limit - Will Bank Lend to One Person if 2 are on title?
7 May 2024 | 5 replies
I'm writing an offer on a property that I'm planning to pay all cash for.
John Hodges
Sold my company
8 May 2024 | 24 replies
I am looking to purchase in cash initially and then refinance.
Ana Vhan
Which home type is better?
8 May 2024 | 13 replies
Good schools and great neighborhoods typically means higher purchase price and lower cash flow.
Jonathan Snider
STRs in Multiple States
9 May 2024 | 13 replies
Some folks say that you get the most profitable places you can find and just spend the cash on where you want to go.I do like the idea of having places in various areas to both offset off seasons plus visiting.You have to ask yourself, how often will you do that.
Edward Yau
Looking for my first deal in New York City - House Flipping
8 May 2024 | 9 replies
Some of those local competitors will pay all cash, site unseen, with title issues.This is a numbers game, so find the zip codes/neighborhoods with a lot of market activity (i.e., the most dots on a Zillow map search) and delve deeper to see if it's an area of interest.Lastly, when looking up properties, be mindful of taxes.
Jeremy H.
How are you personally analyzing your properties year to year?
8 May 2024 | 4 replies
That may seem obvious but in my experience, 99% of ongoing maintenance issues are because the property is old and needs either a large cash infusion to make them go away or what I like to do is 1031 exchange into something newer that requires less work.
Alejandro Riera
FIRPTA withholding on a domestic LLC with foreign members/manager
8 May 2024 | 5 replies
Code § 7701 - Definitions, my understanding is that the answer is NO, but maybe I am wrong.As the actual rate of withholding is 15% of the sales price, and as the refund (if any) would be "within 90 days", it can be a major setback for my company´s flipping cash-flow because 15% is way higher than the taxable income (and of course than the tax itself), so we would be in the necessity of capital injections to flip the next properties.If any of you have comments on this, it would be very helpful.Thanks in advance
Dan Panea
Bookkeeping, Accounting and Taxes
9 May 2024 | 8 replies
But, we provide specialized bookkeeping services for REIs all around the U.S.If you don't currently have the funds to hire a professional bookkeeping firm due to being in "start up" mode, I recommend keeping up with your income/expenses using excel or a free software such as Stessa.Once your cash flow grows, hire a professional bookkeeping firm that specializes in serving REIs.