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Plenty of unknowns with COVID and what lingering impact it’s going to leave on the economy and RE. Expectations are to see massive job losses, business closures, layoffs etc. Are you all prepared for this? What are y...
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Hello,
I am going to sell my house this spring. I will made a profit of over 250K(i'm single) so will be up for capital gains taxes. I have a second mortgage/line of credit of which I can take out a further 35K if I n...
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BP!How do I open an LLC with the intent on syndicating?Who should be on the LLC? Do all partners need to be on the LLC?When we purchase the property how does it get reported to the credit bureaus?
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Simply put im new to the page and new to the industry. I am greatfull to be here with so many like minded people. My goal is to target single family rental property through auctions with the occasional quick sale/flip...
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I have an FHA loan on a duplex where I live already. I am wanting to start preparing for my second deal. I have heard different things about conventional loans.What percentage down payment should I prepare for? (I ha...
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Honestly, most of the questions I get as a Bookkeeping Professional are tax-specific. I’m always happy to answer but I have to disclaim that, “I’m not a CPA,” and, “You should verify anything I say about taxes with yo...
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Hello! I've been looking through varies types of real estate investments and came across commercial properties with triple-net leases for sale. I'm curious how funding works for these types of properties. I've been pr...
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Just purchased a 24 unit Trailer Park, purchase price $300K. All the trailers are tenant owned. There is a long term onsite manager. Currently a 3rd party reads electric meters, prepares a statement for each tenan...
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I'm an experienced landlord and this is a first.
I'm hoping to receive some feedback on my decision.
A potential renter from out of town who saw our ad on Zillow asked me to email them a copy of our lease. After I...
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It's a great day for my coaching Client Sam Coker, he just inked 2 deals with a seller that let him take over the payments. The 1st house is a 3/1.5, 1000sf with a payment of $785/month with only $67k left on the loa...