Is anyone here a member of Lifestyles Unlimited or does anyone have any experience with them. They are a mentoring program that helps you get started in REI based out of Houston. From what I can tell so far they see...
Hi BP community. What are your thoughts about doing a cash out refinance after making an all cash offer? Has anyone tried this? All cash offers would certainly increase leverage during the purchase process, but wonder...
I was looking at a property on the County Assessor's website to check ownership status. It listed the owners name, with "ETAL J/T" behind it. Any insight into what that means? Something with a Joint Trust perhaps? ...
I am having a hard time understanding how one should pay himself within a family partnership (LLLP).i have limited understanding in taxation*My accountant advised we have a salary paid by the entity, essentially makin...
I notice at the last tax deed sale that many properties may be listed as ‘John Smith ETUX (and wife)’ or ‘Jane Smith ETAL (and others)’. Let’s just say that John Smith is deceased, however his wife is still living, is...
I am looking for some help to clarify the way that income reported on my taxes will affect my debt to income ratio? It is my goal to minimize my income as much as possible using legitimate expenses and depreciation e...
So I've managed to grab 4 appointments this week (excited beyond belief). 3 of those according to the tax assessor's site are owned by "name, et. al." the question is for the contract to be valid are the signatures o...
Just a heads-up. There was some discussion about this a few months ago. At that time, I made the comment that some local Realtor associations and some individual brokerage firms were ceasing to send their listing da...
So I have just 3 properties and I don't have an LLC structure just yet. I'm going to purchasing a new computer soon which I plan on either writing off or depreciating as a business expense. When I fill out my taxes, e...
Investment Info:
Single-family residence fix & flip investment in White House.
Purchase price: $133,500
Cash invested: $36,000
House is sitting on 2.9 acres. Approx $47k in cosmetic repairs - add...