Tom Tao
Onsite manager - Employee of Property Management Company or Owner's LLC?
3 April 2024 | 6 replies
The 3rd party property management company wants this onsite manager to be the employee of my LLC, which I am not sure with.
Ke'Darius Whitley
Seeking to start real estate journey
4 April 2024 | 5 replies
Continue to strive toward your objectives, absorb lessons from failures, and never give up.Whether it's a good transaction or a setback, be willing to learn from every event.
Huggy Ford
I need someone who knows Cash out refi or loan for a commercial property
5 April 2024 | 20 replies
I bought the building that my C corp business rents with a LLC company I own.
Travis Andres
House cleaners in Cleveland area
5 April 2024 | 4 replies
So I would think that any good cleaning company could come and do a deep clean after a 3 month stay just like you would with a LTR tenant flip.There should be a ton of cleaners in that area.
Alvaro Rodriguez
Development in floodplain, Splendora Tx
5 April 2024 | 5 replies
If you can develop the land then continue asking your questions like: How can I find out what I need to know/do to submit and get permits to build on that lot?
Dona Cardenas
REIT investing - Good or bad idea
4 April 2024 | 42 replies
“As a result of the foregoing, the Company reported a net loss of $616,388 in the year ended December 31, 2020 versus a net loss of $68,202 in the year ended December 31, 2019.”
Hunter Pence
Is it possible to purchase land without a title company if your not there in person?
3 April 2024 | 6 replies
Is there anyway to buy land without you being in person besides a real estate attorney or title company?
Angela Crockett
How to proceed with a possible off market single family house
6 April 2024 | 5 replies
Then, you’ll pay the agent (say 3% for the sake of argument, $5,400, since they’ll be doing a lot of work for you on this - I’d order that prelim/TRIO with my escrow company, and help you find lien records if any, plus provide all the contractual guidance to make sure you don’t lose your earnest money).
Jennifer Y. Park
Selling Financing at a LOSS?
5 April 2024 | 2 replies
you should get a RMLO or an underwriter to qualify the borrower. if its owner occupied and in florida you also will need to use a third party servicing company to service the loan which will run you around $450/yr. not an accountant but its my understnding unfortunately the interest income is going to be taxed at ordinary income and the principal will reduce the principal. how you offset the losses talk to your CPA.your best bet honestly is to just sell it and bite the bullet.
David Vaughn
FInancing question for multifamily purchase
4 April 2024 | 4 replies
Looks like it could potentially double the payment making it really hard to profit from the property and keep it up to the level it needs to continue having a decent asset.