Chris Simmons
short term strategy to get to a long term strategy
I turn 40 soon and want to go into real estate full time....sooner than later. The good news is I have a nice paying job....the bad news is that it is a JOB. I plan to start the process of becoming a Realtor and the...
Brian Orr
I'm horrible at Accounting!!
And taxes!!I'm developing my strengths in estimating and budgeting, but I am so bad at keeping track of everything! Spending more time with my accountant trying to figure last year than I am working on any deals this ...
Paul Herman
Looking for creative ways to fund a STR without 20% down-payment.
Currently, I am saving to purchase my first STR. I'm hearing from most lenders that they require 20% down if the property is not considered a primary residence. Does anyone have any creative methods to obtain funding ...
Matthew Dekker
How to finance the first rental property
Hey everyone, my business partner and I are trying to get our foot in the door with our first rental property. The single-family home we are looking at purchasing is currently owned by my business partner's father. He...
Athena King
Low on funds!!!
My Husband and I got s house our first property. We were able to scores a 4 family, awesome! The problem is we are getting low on funds. Our property is not on public sewage snd had a cesspool so we had to update that...
Ellen Nodine
In need of advice for an accidental real estate investor
HI - - With no real strategy in place, my husband and I have ended up with three properties - two we rent long term and one we live in. We own two townhouse rentals free and clear (Value about $450k each) and took a $...
Richard Jumonville
FLIP & SELL USING ANOTHERS SDIRA QUESTION?
Hello, I have a C Corp and a Solo 401K, I have a business associate who has an SCorp w/ SDIRA.
We have agreed to gap fund each others deals so that we are not performing disqualified transactions. My question is this....
Jacke Draper
Solo 401k House Purchase using an LLC - IRS constraints
I have a solo 401k plan and want to use this and a non-recourse loan to invest in a rental property. The property I'm looking at needs a lot of work and so will not qualify for a loan. I can purchase the property with...
Ryan Blake
Flipping Diaries: Week 1
Purpose of This Post: To continually update my grand re-entrance into house flipping. I will be making a lot of mistakes. I mean a ton. And I want to be able to learn from my mistakes by publicly sharing them and lear...
Eric Waterman
Personal HELOC with LLC
If I were to set up a HELOC with my personal residence could I use that to purchase properties to flip under my LLC?