Rauph Adeoba
Essex County 3+ Family Units
Hello,I'm in the market looking for a 3+ Family unit in Essex county preferably in Newark. I want to go the 203k route and was wondering if anyone could share some insight if they have gone that route. Any feedback is...
David Zuber
LLC for Money Seperation?
Hi Everyone,I am about to close on my first rental property in a about a month. My business partner and I have been discussing getting an LLC and opening a bank account under the LLC in order to keep our personal fina...
Amber C.
Capital gain tax exemption on primary residence w/ rental
Hi everyone I am new to real estate investment. I have a question on tax exemption.
If I buy a property for $700k and live there as a primary residence, but I rent out the basement for $1500 per month. When I sell ...
Ian Hamrick
first rental property done. Ready for the next step.
I recently closed and am renting out my first property. I am being told by many people that I will have to wait years to build up capital and equity to invest in my next property. I believe that I don't need to wait a...
John Schornberg
Construct ... Sell to FHA first time 4 Plex
I want my first home to be a fourplex using the FHA 3.5% down program. But I want to build. The FHA program does not allow for new construction. So I want to find a way to work with a construction company/investor ...
Brian Kempler
Sandwich Lease Options
Hi all, I've gone through a few outdated Sandwich Lease Option courses. I would like updated trainings relating to the following:1. Structuring payment(s) for T/B to eventually use as a down payment on a mortgage2. Th...
Lawrence Mastropieri
How many bank accounts for many properties held in separate LLC?
I have read through many of the forums but I have not found a clear answer on the following question.I have 4 multi-family properties that I own with a partner. We have one Master LLC that we both are 50/50 owners of...
Logan M.
Multi-Family increasing net income
What is the best way to increase your overall net income in multi-family housing above 5 units: Rent increase, passing on utilities, Tech package, etc?
Specifically, when you inherit tenants from a past owner and don...
Account Closed
CA resident wanting to form LLC to do business Out of State
Hi Everyone! I would appreciate if any accountants, lawyers, etc. can shed some light on the implications that arise from being a CA resident who invests out-of-state through a business entity such as an LLC.I want to...
Faizul Islam
Cash-out refi/HELOC question right after cash purchase
I am a wholesaler. I have a property (in good neighborhood) that I have under contract for 40k. The as-is on-market value is about 100k and ARV is about 160K-170k. It is currently rented with long term renters that pa...