Caleb Olaez
Starting out (Mentorship)
26 January 2024 | 4 replies
Review and clean up your credit score and If you haven't already, start putting money away for a down payment and 6 months reserves.
Logan Turner
Can I personally purchase a house from my LLC
28 January 2024 | 40 replies
In this specific example the borrower had 8 financed properties so he could not do a conventional cash out with fannie mae but a purchase from his scorporation is in "essence," a work around for a cash out since it returns funds to the scorporation and my borrower owned the company 100%.However, on a LLC its different since LLC's are typically taxed as flow through entities going down to your Schedule E on your tax returns.When I've asked my underwriters about the LLC purchase similar to the Scorporation above they typically state it would be considered a refinance and limited to rate term refinance or if we transfer it to your personal name we'd need to wait 6 full months.However, I have yet to try to purchase from a LLC that files tax as a 1120S or sub chapter S which Im currently waiting to guinea pig this concept to see if it works.
Andres Rossini
Glamping Resort Info to share for Prospective Buyers
25 January 2024 | 3 replies
In regards to what is important, I would include things like occupancy rates, all your expenses (maybe show some details when it comes to cleaning fees as this is a unique property).
Jiwon Lee
Cash flowing market near NY area
24 January 2024 | 2 replies
I want to have positive cash flow of $300-500 per month. i have looked at Connecticut (Hamden, Hartford, New London areas), and Pennsylvania(Scranton, Allentown, and Wikes Barre areas).
Suvarna G.
How is the multi-fam- quadruplex, duplex market doing in Austin?
26 January 2024 | 8 replies
This will determine which action to take.If you are cash flow positive in this market, that is a really good thing!
Michael W.
How to deal with consistent late payment renter?
26 January 2024 | 27 replies
She takes care of the place, she’s is a good neighbor in the community, and she’s clean.
Justin Wo
Keep or Sell Condo Rental
26 January 2024 | 11 replies
Market rate rent would be ~$130 positive cash flow per month.
Coty B Lunn
2-Family Buy and Hold
26 January 2024 | 1 reply
On top of that, they pay for my utilities each month in full with a small cash flow at the end!
George Harris
Quiet Title vs Tax Title Services
27 January 2024 | 46 replies
Also can I clean the yard and inside of the house with only the deed.
Robert Johnson
Is the income from a STR considered "earned income" for tax purposes?
25 January 2024 | 7 replies
People want to make their STR stand out so they want to provide daily cleanings or maybe a chef to make some meals.