Chris P.
Fix and Flip Funding - Does Gorilla Capital Program Work
So the program seems pretty simple to me especially for someone starting out with not much capital that would allow them to be part of a flip. Yes I know there are hard money lenders but this does not appear to be a ...
Chad W.
Florida LLC owned by single member Wyoming LLC - Is this safe?
If I have a Florida LLC owned by a single member Wyoming LLC, am I protected with charging order protecting through the Wyoming LLC. In other words will I be treated as an LLC and not a sole proprietorship?Unfortunate...
Rhonda McDaniel
Lenders Advice on Primary home becoming a rental with a HELOC
Has anyone had trouble with your first lender when you changed a primary residence to a rental? We did this for two years, and every 12 months the lender had us submit a letter for "approval" to their main office. It ...
Donald Kellogg
Rehab funds wrapped in a HM loan are they counted as a expense?
I flipped a home in Arizona and wrapped 60K rehab funds in the HM loan. Is this a expense or is it counted as a gain at close? If it is a expanse what IRS publication addresses this item? I count cash in and cash out...
Jacqueline Mims
Owner Financing from the seller's side
Hi all,
My husband and I are in a position to offer our first owner financing deal! School me on any experience you've had as far as terms and conditions go to help us structure a deal where our bases are ...
Joshua Bowers
Claim depreciation on rental?
I’m trying to decide if I should claim depreciation on my rental property. The main reason I’m hesitant is that I’m currently a student in a low tax bracket and plan to be in a higher tax bracket out of college and so...
Kaiser Sidd
chraging more rent if bad credit?
someone wants to charge more rent because applicant credit is bad. Is it legal under fair housing act?This criteria is just based on risk and not race, religion age or sex.
Darius Tracy
Is buying a home inside of a TSP (thrift savings plan) possible?
I have been talking with my mother who has been working civil service for the government for over 20 years. On one of the podcasts I remember hearing how u could buy properties in a self directed IRA and was wondering...
Jack B.
Governor Dingus Inslee should be sued, extended ban and more
You still have to pay for groceries, you still have to
pay for gas, but you can live rent free forever apparently under
Governor Dingus Inslee. Landlords are not even allowed to enforce the
back rent owed in man...
Allen L.
LLC owning other LLCs bank account best practice
Hi all, I was reading a book by Rich Dad Advisor Garrett Sutton and he mentioned opening a Wyoming LLC to hold LLCs operating in other states with weaker LLC protection. I wonder if anyone have done this?
My main qu...