Andriy Boychuk
MHP road repair estimate
How much does it cost to repair or replace road in a mobile home park? I need approximate numbers. Do they price it per square feet or linear feet? What is the price difference between just different types of roads (A...
Tim Matthews
Hard Money Loan process
Hello, I am preparing to purchase my first property to BRRRR. I will be using a hard money loan to purchase and rehab the property. What is the process of acquiring a hard money loan? Do I need to already have a prope...
Account Closed
Flip Formula
The two most used flip formulas I've seen for max possible purchase price are ARV*0.70-Repair Costs and ARV-Repair Costs-Quiet Costs (Including Closing Costs, Commissions, Holding Costs, etc)-Minimum Profit. From my ...
Michael Heal
Assignment Contracts for Wholesalers in Michigan.
Hi all! Everyone here is such a great help. Does anyone have any assignment contract resources that I might be able to use for a starting point for my own? I have found a few, but I can't get any clarification on exac...
Paul T.
All my REIs are in an LLC! Why am I being personally sued?
LLCs are not the magical barrier to personal lawsuits that many believe. The same is true for closely held corporations. There seems to be a common misconception that putting REIs into one or more LLCs will protect th...
Tracy Stein
Turbulent Waters Ahead for Real Estate and Mortgage Industry - Ne
Changes That Will Affect the Entire Real Estate and Mortgage IndustryThe rules are changing for mortgage lenders. The consumer Financial Protection Bureau (cFPB) is replacing some of the forms used at closing and requ...
Jason V.
Referral for CPA, REI Lawyer and REI Insurance in Western NY
Good Morning All, Short Version: I'm looking for a CPA, Lawyer and Insurance Agent in the Greater Rochester NY area who are knowledgeable about and experienced with real estate investment. The goal is to find people w...
Galit Garsiel
Is it worth it to buy a house in bad condition and renovate?
When buying a house in a horrible condition that needs plenty of fixing, will the cost of the renovation be as high as the cost of buying a better house that doesn't need fixing?Say I want to buy a house to rent it ou...
Sean Kruger
To pay points, or not to pay points; that is the question
Hi all, I am curious to your thoughts on when to pay points or maybe take a credit for a higher rate. I ask because we are in the process of a cash out refi on an investment property with closing costs of about $2400...
Eli C.
Built in Gains Tax
I am working on a property deal in which the owners seemingly converted from a C-corp in '03 to a S-corp, rolling the assets of the C-corp into the S-corp.
Since they did not pay taxes on the assets at the time of th...