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So I’m about to close on my first investment property in a week. I’ve looked around the forums and haven’t been able to find a clear answer to my question, although I feel I’ve just overlooked it. Is there a “rule of ...
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Does anyone know the percentage Gaston county market and Charlotte goes by for the ARV formula ?I know the average is %70 percent but it varies in different markets. Thanks God bless !
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Hi Everyone,
I am considering using my LLC to rent an apartment where I would conduct all of the LLC's business. In doing so I know I'd be able to deduct rent, water heat, etc. However, the question comes in to play ...
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Can the proceeds from a land sale owned by an LLC with multiple owners be different than the ownership percentages? For example if one person owns 25% under what conditions could this person be given 30% of the sale...
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Let's say, I were to cash out and refinance the property for $70,000 and the property is worth $100,000 dollars; at 70% ltv. Can I HELOC the rest or a certain percentage of the equity of the property or an identical l...
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I am very new to real estate but I have a goal to have my first deal done by August 31, 2017. I am looking a lots of different properties in different areas and trying to crunch the numbers. How is it that even though...
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Hello all, I am curious to know if it is legal for me to purchase a house to flip under my LLC and then sell that rehabbed house to myself with my own loan in my personal name. My LLC has two other small percentage ow...
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Anyone have any experience going partners with friends to buy property in an LLC and care to share experiences and insight? Ive been thinking about this the past couple years. Perhaps gathering 5 people together each ...
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What would you expect to pay for all closing costs, fees, appraisal etc. on a $100k mortgage using a mortgage broker. Would 6.5% fee be too high?
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I understand the contribution limit is around $60,000 yearly. However, how much can you start the account with?