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I just got a quote for a loan on a triplex. Purchase price is $140k, and the quote lays out each line item that I'll be charged for.One of the lines says "Investment Property Fee - 2.125% - $2,231.25I haven't seen thi...
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For purposes of reducing my personal taxable income, is it effective to run rental income & expenses through a business? I need some of the rental income for personal household expenses which would be a salary (r...
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I asked my CPA about shifting $6,300 to each of my kids on my tax return for the work they did in my business. He told me I would have to 1099 them. Is that correct?
Looking for feedback from anyone who has had experience with GroundFloor either as an investor who purchased equity in one of their loans or has used them as source for funding. Thanks.
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OK - short and sweet, we made a $25K offer on a home listed for $40K. Needs $20K rehab. ARV should be $75K - $80K.Seller insists that I pay all expenses PERIOD.Seller requires 10% earnest money.Seller continues to ask...
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Hi BiggerPockets' Friends,My wife and I are moving from Florida to Minneapolis for my seminary graduate studies (4+ years). Our hope was to house-hack with a duplex, or perhaps triplex, to help offset my lack of full ...
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Good afternoon,
I am an investor located in New York. Investing in Columbus Ohio. I own a few multi family homes and i'm looking to do a hybrid of STR/MTR & LTR
In the process of applying for an STR permit I'm b...
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When viewing property tax history on Zillow, I frequently see these huge jumps in property taxes from year to year, sometimes 100% increases (see attached example). Sometimes these are rehabbed houses, but many times ...
Hello,I have a flipper business associate that I loan money for rehab projects in Portland Oregon. He uses a business loan to purchase the property (historically 50-60 cents to the dollar for selling price) and I loa...
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Hi All, Has anyone ever tried an owner finance deal to a corporation instead of an individual? We have the goal to pick up 12 units next year in our business name and not the personal name and we will have the downpay...