Derrick Lind
Tax deed auction in CA
2 May 2024 | 12 replies
Even though the ONLY way that a tax sale can be reversed is if the entity or person that lost the property can prove that the tax collector missed the statutory public notification laws.. ( ask me how i know this one LOL )..
Jacob Kurian
Property Tax Increase
1 May 2024 | 7 replies
you can challenge the value with an accountant, appraiser, etc most markets have a person who charges a flat fee to lower it. in Columbus Ohio most of the people that do this have a guarantee to lower it or it's like half the fee
Diana Mulvihill
STR Number of Beds, Opinions Please
1 May 2024 | 27 replies
I found the wear and tear and guests that wanted to use this as a 6 person were not what I was targeting.
Amir J Reichental
Which address to use when buying a property under LLC?
30 April 2024 | 9 replies
Hey @Amir J Reichental, There are small pros and cons to this: Home Address:Pros:Privacy: Providing your home address keeps your personal information private, as it's not tied directly to your business.Convenience: If you're already receiving mail and other communications at your home address, it may be more convenient to keep everything in one place.Cons:Risk: Using your home address exposes it to potential risks associated with the property owned by the LLC, such as lawsuits or creditors targeting your personal assets.Tax Implications: Depending on your jurisdiction, using your home address could have tax implications, especially if you're claiming any tax benefits or deductions related to the property.LLC Address:Pros:Asset Protection: Using your LLC address helps separate your personal assets from your business assets, providing an extra layer of liability protection.Business Image: Using the LLC address for business-related documents can help establish credibility and professionalism for your company.Cons:Public Record: LLC addresses are often part of public records, which means they may be more accessible to anyone who wants to find information about your business.Mail Handling: If you don't have a physical presence at the LLC address, you'll need to ensure mail forwarding or a reliable method of receiving important documents.Ultimately, the decision depends on your specific circumstances and priorities.
Mark Walker
Loan options for a 5 unit house.
29 April 2024 | 12 replies
For experienced folks, we can lend up to 80% of the ARV.
Brendan Doherty'
What job should I consider to get into the real estate sphere
1 May 2024 | 2 replies
Jobs to consider include being a loan officer, a property checker/appraiser, an assistant to a property manager, a real estate agent, and a person who checks investments/underwriter.
Alex Ferranti
Wholesaler looking for renovation quote help
29 April 2024 | 9 replies
An experienced investor could walk a property and work up that list.
Christopher Tacchi
Can We Transfer Title to LLC With Same Loan?
1 May 2024 | 3 replies
Most banks and traditional mortgages "Do not" allow foe the property to be vested or quit claimed into an LLC unless it specifically states it on the closing disclosures.In most cases even on DSCR loans the Bank/Lender still requires you to sing a personal guarantee even if they allow the loan to be vested into the LLC.
Kai Sato-Franks
Dave Ramsey recommends buying everything with cash!
30 April 2024 | 140 replies
I have experienced a failed project and if I wasn't in a better spot financially it would have ruined me financially.
Ayyoub Feza
Loan for second rental property
30 April 2024 | 37 replies
Same as an LLC with a personally guarantee magically takes away the liability from the personal balance sheet as well.