Jim Rivell
How do you handle property utilities?
BP, I just purchased and rented out my first (2) student rental properties. The first group of tenants moved in on June 1, and the others on August 1. For the first group, we put together a Move-In form with detailed ...
Amy Prosser
Family funds
I went together with a family member to flip a house. They provided the funds, I provided the labor. Due to a profit smaller than hoped for, they let me have the $8,000 profit, and I reimbursed them for their invest...
Alexander Glazer
Went to close on a SFH and the property is still in probate
I put a house under contract with a quick close, and was told the house was still in probate a few days before closing. Apparently, the 2 owners both signed all the papers, and one of them paid the attorney, but the s...
Elizabeth N.
HOW TO SET UP AN LLC TO LEASE A HOUSE
Hi,How do I set up an LLC to lease a residential house?Thank you,Liz
Doug Meeuwsen
Seeking help with Partnership structure
I have a potential partnership opportunity with my in-laws and I am seeking ideas and advice on how to proceed with the partnership structure.Market: North County San Diego. I am looking to pick up a single family hou...
Alec Rosario
Loan options for Rentals with less than 20%???
I’m currently the proud and brand new owner of a duplex in Northwest Indiana and looking to expand my net worth and passive income stream. There are several decent deals in my area for duplex, tri and quad-plex proper...
Ricky Cassidy
Hard Money... What will my money costs be?
Using Hard Money... When can I refinance?For example:I buy a home for 100,000 cash using hard money. I do a light rehab using my own money. I find a tenant and have the home reappraised. How long can I expect to be pa...
Bryan Colton
Mentors and LLC start up
Has anyone subscribed to any of the Scott Yancey's training or mentors? Has anyone used Veil Corporate for their LLC in Utah? I was told that was the way to go. I looking for comments or suggestions on both. Thank You.
Nick E.
How to book lender credits on a refinance
Hi, I do my own bookkeeping and am trying to figure out the proper way to book a refinance on an investment property.The refinance was a zero-cost refi with a huge credit of -0.75 points (on a $1.6M loan). This covere...
Rick Barbato
Section 179 vehicle write off
Can anyone tell me what the “back in my pocket” amount I’d receive from using the section 179 vehicle tax deduction?For instance, say I purchase (for my business) a vehicle over 6000 gvwr, for 40k.If I’m able to write...