Veloz Zypher
Who is buying at the courthouse steps?
23 April 2008 | 14 replies
When they did go up for auction I would regularly be outbid.
Susan Flowers
Who has purchased a tax sale property?
19 May 2008 | 16 replies
I do tax sales regularly so I will answer some of the questions that have come up.
Account Closed
What are XXX [Reference Requests this time]?
19 February 2008 | 1 reply
Over time an intro tutorial looses its value to regular users.
Joel HusVar
Need help understand why I can't get financed
8 April 2008 | 10 replies
He wants 10% down.I spent 10 years in the mortgage business and lenders always made us have the client deed the property to themselves, then refinance, and then the client would deed the property back to the LLC after funding.Lenders are concerned with being able to “sell” the loan or the “servicing” of the loan… This is how they get their money back to re-lend it again… Most “regular” residential mortgage loans are for people, not entities.With that said, yes the loan will be in your name personally and so will the responsibility to repay the loan, but you can transfer it to the LLC after closing… Again, maybe a local community bank may be able to do it since many do not sell their loans…
Jim McMillen
What books do you like....
24 February 2008 | 6 replies
They generally publish regular news updates so you can stay current with the state and community regulations.
G W
Questions & Advice: Loans, Existing LLC, Closing on 2nd
25 February 2008 | 7 replies
I monitor my credit every month.
William Luke Laity
Self Directed IRA for wholesaling
15 August 2022 | 6 replies
If you go to an auction and buy a house using the IRA, or have someone bird dogging properties and occasionally your IRA decides to pick up a deal that can be quick-turned, that is a less involved approach.The second issue is that when an IRA engages in a trade or business on a regular or repeated basis, the gains are taxed as Unrelated Business Taxable Income (UBTI).
Max James
Cincinnati Photographer for Rental Ads
21 July 2016 | 8 replies
I have friend in Cincinnati that does aerial photography with a drone, I am starting to see more of this on higher end properties, I think he also does regular real estate photography as well.
Leonard Spicer
North City Properties In Good Condition
7 May 2020 | 9 replies
The previous owner provided the tenants with ADT security systems, I agreed to continue the monitoring service.
Bill E.
How much to risk
26 September 2016 | 10 replies
When you say cash flow you probably mean mortgage payment, taxes and insurance, how much are you setting aside for capital expenditures, regular repairs, vacancy and management fees?