Hi all,Still trying to wrap my head around the basics of note investing. It seems that to calculate actual returns, you need to of course factor in your acquisition costs, but also the servicing costs. FCI charges $1...
Hi all - pardon the dupe from the Screening section if you already saw this. Do you have recommendations for a free or low cost credit history report that I can request of tenants? Are services like creditkarma com...
Hi Everybody, I'm getting my business plan together to start my investing career. I know there are advantages to holding properties in an LLC. I already have a single-member LLC for a small ecommerce business that I...
Hi everyone,Thought came to mind and was wondering if this is ever done, and if so what is the good and the bad. Let's say I have a commercial property with a couple of small retail locations (300 sqft) where rents ar...
Hello,
Please help me with these questions. I would appreciate inputs from New jersey investors, CPAs and so forth. I have not done any deals. I want to start very soon, but I don't want my name to appear ...
I’m going to start a LLC. I’ve yet to get my first deal. But I need the Corp to get a loan. Should I get a s or c Corp. I plan on flipping houses and using hard money loans. I was going to wait for my first deal but ...
For tax filing, where would expenses associated with a wraparound mortgage be reported? On Schedule A? Some examples would be interest paid to the underlying lender, note processing fees etc.
Thanks,
Angie
Hello BP!I have a question here regarding wither or not I should open LLCs and or a holding company for my upcoming scaling of my rental property portfolio. I have done my reading on Out of State Investing and Section...
I'm interested in potentially getting into the self storage realm. My question in regards to that is what formula or numbers can I use to make sure it would be a sound investment. I'm having a hard time finding comm...
Does anyone know how to raise rent? Is there a specific guideline to follow? One of our tenants is coming up on a one year lease. This is our first rental and we want to know the best way to take this approach.