Rene G.
Purchasing Rental with Home Equity?
I am looking for some advice on our situation. Our goal is cash flow passive income with rentals. We are currently living in a single family home that we own free and clear. We are also interested in moving to upgr...
James Lau
Tax questions with LLC
I'm about to invest in my first real estate deal. I'll eventually consult with a CPA on tax issues, but thinking ahead about tax issues. I'll invest with my personal funds but will be creating an LLC as a limited part...
Account Closed
Please correct me (Rate/Term and Partnership Question)
Background: The private equity who is lending me the money to do the deal is actually an equity partner. He is bringing all the money. However to get the Rate/Term loan without the seasoning period, he will be in the...
Account Closed
How does money laundering work in a real estate investment firm?
I AM NOT ASKING FOR ADVICE ON HOW TO DO ANYTHING ILLEGAL! Lol.I used to know someone whose dad owned a real estate investment firm that had 5.5 billion of assets.They told me that there is a lot of money laundering th...
Ameen Lalani
Commercial lending Ohio - Looking for recommendations (apartment)
Hi everyone, this is my first multi-family deal in Ohio and I’m looking for a lender. Not looking for hard money, ideally a local bank. Any recommendations would be appreciated. Thanks in advance.
Tyler Relph
Financing Impact on Personal Credit
So, I've listened to about 100 BP podcasts and am beginning to develop a mind for real estate investing. I understand and love the idea of the BRRRR strategy, but I'm getting hung up on a mindset thing here. If I ha...
Jovan Gonzalez
How to structure a promissory note
My main concern is on how to pay the money back and how much interest do I pay. Lets say I do a one year promissory note at ex. 10% for $60k. Do I pay $6k to the person no matter when I pay it off before the end of th...
Sheila Peschges
Deductibility of Rental loan interest if loan was used to pay off personal loans
We pulled 200K out of our rental. With the new loan, 25% was still covering previous rehabbing and the 75% we used to pay off personal loans. Do you feel any of this interest is deductible on our rental property? I...
David Pimenov
Blaclisting someone such as dubai...?
If the u.s. government has blacklisted Dubai, UAE, what does mean if its an offshore banking center? If so, why? Would someone returning to the us from Dubai with money to declare arouse suspicion assuming its a lot o...
Junior Jaquet Hernandez
HOW TO DEAL WITH A PARTNERSHIP????
Hi good afternoon I would like to get some recommendations about you guys:I would like to know, how to deal with a partnership?Imagine that you have a partner, that just put 50% of the money, to purchase a rental prop...