James Sargent
BRRR requirements 1
Is the refinancing for a BRRR (in order to get approved) based on personal finances and taxes or the asset? I know I was denied a HELOC before even though I had 300k in equity for my personal property, due to filing p...
Adam Vondersaar
Indianapolis Fountain Square Flip and Sale Investment
Investment Info:
Single-family residence fix & flip investment in Indianapolis.
Purchase price: $102,000
Cash invested: $130,000
Sale price: $330,000
Converted this 100yr old 2 bed 1 bath hom...
Phil Bryson
Wholesale Deal in STV
Investment Info:
Single-family residence wholesale investment in San Tan Valley.
Purchase price: $275,000
Sale price: $280,000
This was actually my next door neighbor. They had an HOA lien and a jud...
Christian Germeroth
Transferring personal property to newly created LLC?
When first starting off should you/ can you transfer personal property’s into your newly formed llc? What are pros and cons ? Should you just keep the property a personal asset ?
Fred Watson
Commercial Investing Advice Needed
I currently have the opportunity to buy a commercial property (It has 4 apts and 2 storefronts). The property costs $175,000. I currently have only about $32,000 in personal funds. What would be the best strategy to p...
Eci Borges
Unencumbered multifamily bad credit no taxes
Experienced traditional investor. Used personal money and traditional loans for years. Have an unemcumbered multifamily held in LLC desirable location. Not ready to sell. Need to paint landscape to get top dollar. Bri...
Colleen Carnahan
Shifting from hobby to business
Hello, my husband and I are fairly novice investors who are working towards being more professionally involved. We have one investment property that we got into as a primary residence and then turned into a rental lat...
William J Simpson
What other options do i have?
We have the option into buying out a local investor due to retirement. 16 homes at $600k. Very fair price for the location. All but 2 units are rented out. My current option is to bring in very little personal money w...
Brock Best
Home equity loan for down payment
I have about $26,000 of equity in my current home I’m living in. Can I take out a home equity loan to purchase my first rental property to use to cover the down payment, closing costs, etc. without having to actually...
Art Wolfskill
1099-INT to individual?
Everyone keeps saying we need to send a 1099-INT to private money lenders we get loans from, but as I read the Instructions for 1099-INT, right at the end of the first page, it says in the paragraph Interest Excluded ...