Cooper Marcus
My 3 favorite solo 401(k) and self-directed IRA providers, so far
When two different financial / tax advisors encouraged me to look at solo IRA or 401(k), I figured they both can't be wrong!I spent the weekend visiting lots of websites and reading lots of content. I'm down to three ...
Rhett Tullis
Tenant passed away/passing away
I have seen alot of things in my years but have not had this one till now. Rumor is tenant has passed. Mother came by and had her key and was driving her car. Took most of her valuables and said "she is in icu c...
Robert Burns
Defining Seller Motivation
In my most recent potential deals I have uncovered what seems to be the basis of good seller motivation, ie.. family financial crisis requiring a quick cash sale of property, but I have been unable to convert that mot...
George Bittar
Estate/Probate with Foreclosure Proceedings
Hey All,
Looking for some guidance. I came across a lead and trying to determine if there is some meat on the bone and what angle to take here. First off- this property has not gone through probate and per th...
Sunil Kapoor
Bank accounts and email addresses with Multiple LLCs
Hi All,
I currently have 3 LLCs managing my properties, and those 3 LLCs roll up into a "holding entity" LLC, taking my LLCs to 4 in total.
I understand that I need 4 separate bank accounts to prevent co-mingling of...
Dong Yan
Is it worth of effort to pursue the probate property
I have never purchased the probate estate till few weeks ago, saw a estate property that is much lower than the market value.However , my agent told me all of those uncertainties and risky factors that involved into p...
J.Michael Edwards-Toepel
Hello World! / New investor taking action in the Phoenix valley!
I am a (relatively) new real estate investor. I fall pretty well into the category of "accidental" investor, having bought a home right out of college and then renting it out when a pretty fast-moving career opportuni...
Elliot Erickson
Question about Closing Agent Pricing
Hello,I am putting together a deal and looking for a title company in Chicago. One got back to me with their pricing and I'd love some advice about whether it is a fair price or not. It is more than I thought, at th...
Tony Bandinelli
Capital Gains and Business Entities
Hello everyone, I am trying to get somewhat of a plan together before I jump into this. If I have no business entity at all and buy a house in my name and do a flip, how would the capital gains tax hit me? Versus if...
Zak Hood
Sponsoring broker to start a property management company?
Hi all,I've recently passed my Illinois broker license exam and am shopping for sponsoring brokers. I'd like to start a small property management company. I already have an LLC, a sole proprietorship, and a small por...