Andrea O.
How to use another person's money for a down payment?
Hello, I am looking to purchase a 3 unit rental. A family member currently lives in one of the units and the seller has no mortgage on the property, but is elderly and ill. I have excellent credit and a debt to inco...
Rob Pitcher
Buying multiple low-cost properties
I was looking at buying 4 properties for a total of ~$100k. I don't have enough cash to buy them outright, and at an average of $25k /house it's not possible -from what I can tell- to get a mortgage on them individual...
Xuan Ni
S Corp estimated tax mistake
Hi there,
I just started an S corp and was trying to pay the estimated tax for 2020 first quarter. I received a letter from EFTPS so I went ahead and paid the tax with Form 1120 -- federal tax deposit, but later I k...
Travis Hatch
Closed on my SECOND deal, in Denver Colorado!!
Investment Info:
Single-family residence buy & hold investment in Aurora.
Purchase price: $396,000
Cash invested: $20,000
I'm very excited to say this is my second deal! This is a single family ...
Ben Parks
Which entity and why?
I am trying to set up my investor company. My plan is to buy off market deals, either rehab and rent, or flip. I was set on an LLC. But after more reading, some have suggested an S-Corp for flipping and then individua...
James Wheeler
New Member from Orlando Florida
Hello I have been a student of Realestate investing for about three months now and I am determined to effectively find my niche in wholesaling and flipping homes. My goal is to quit my 9 to 5 and do this full time. I ...
Shawn DiMartile
When to seek General Contractor or Sub Contract out yourself
So when do you guys seek out a general contractor to do all the work on a property you are rehabbing and when do you prefer to contract out each job individually? I'm sure MAJOR rehabs will benefit from having a GC wh...
Maurice Lucas Jr
Government shutdown igniting a recession?
HUD has declared there won’t be any contracts renewed or initiated as on February 1. The department doesn’t have the funds to due to the government shutdown. This is a catastrophe and will have a significant impact on...
Daniel Soovajian
Financing question - purchase properties with or without wife?
Hello,My wife and I recently started our real estate investment journey, purchasing our first buy and hold investment property a few weeks ago. My credit was a fair amount better than hers so I ended up purchasing our...
Ken Latchers
Liability idea - Property in my name, but managed by my LLC??
I am buying a multifamily in a state with high (franchise, etc.) taxes when entity owned but not individually owned. So I will put this one in my name rather than an LLC. And getting strong insurance. But there is ...