Eric Fete
S-corp for properties: Hard to sell?
Hi allI had several properties in a LLC and in order to buy more my mortgage broker (very savvy guy) had me re-structure/re-characterize my LLC into an S-corp (essentially a LLC taxes as S corp). That way that one en...
Chris Oligee
What is the best state to form my LLC?
I’m looking to set up an LLC to purchase out of state properties. What is the best state to form my LLC? Should I set up in my home state of California or is it worth setting up in a different state?
Jackson Barr
How I settled over $18k of debt with less then $6k in 14 days!!!
Determination is KEY! Just over 2 weeks ago I had an accumulated debt of over 18 grand. Most of it I accumulated through retail credit cards and small banking loans I had so easily been given right after my 18th birt...
Joshua Dorkin
News Corp to Acquire Move for $950 Million
After the Trulia / Zillow merger announcement of a few months back, this one is easily the second most significant in real estate this year.In push to diversify, News Corp. buying Move for $950 millionWhat implication...
Mike Henderson
New Business Plan - Denver, CO market
I wanted to post the first part to get feedback from people and the second part is my immediate action items.
Target Market: Anyone who has a house for sale, buying a house or a mortgage. LOL. I think these solu...
Kevin Kramer
Should I sue my former contractor?
Hi All,I overpaid a contractor and they have failed to perform on the contracted work. There were red flags but I had worked with this contractor before and did not have issues. I am weighing suing the contractor but ...
Josh Rich
Partnering on my first deal
A BP friend and I have been talking about forming a partnership by doing a fix and flip deal together and we need some guidance. Here's the rundown:
We are splitting costs 50/50, profit share is 75/25 (he ...
Mike Sands
Possible Subject to deal, just STUMPED..
Hey! Thank you in advance for reading and replying! So I have, at least I thought I had my first subject to deal underway. I have a seller who has a home listed in one of the hottest up and coming neighborhoods in the...
Erick V.
Borrower filing bankruptcy...what happens?
What would happen if after you buy a NPN, the borrower decides to file for bankruptcy? What happens to you as the note holder? I assume if the borrower throws the property into the bankruptcy that it would go to th...
Asher Knudson
Business Checking Or Personal Checking
I'm trying to get some answers regarding what kind of bank account I can use for my rental property. I have an LLC so I'm wondering if I can use my personal checking for my business or if I'm required to have a busine...