Chris Allen
First time property owner and landlord
Got my offer accepted for my very first property, which will be a house hack in a 4-plex. Current rents: A- Exp 2/29/20 $525, B- Vacant, C- Exp-7/31/19 (Will move into this unit), D- Long Term month-month $525. Budget...
Darla Smith
Where can I get $25,000 just until my house closes-30 days?
My personal home (400k) closes on 9/20/19. I just closed last week on my first duplex on 4 acres $140k. I need $25k now to start renovations so we can owner occupy one side of duplex when we close on our house. How ...
Bill W
Is LLC really neccesary
to do a one house flip. Three of us are wanting to put = amount of money to buy and rehab a house then flip it. Profit to be split evenly. We are paying cash no loans. LLC seems cumbersome, cpa says it has to be regis...
Mike H.
Landlords getting stiffed by sba EIDL program.
I'm sure many people have submitted for the EIDL loan which includes the grant money that was supposed have been 10k. Many people are starting to receive emails from the sba stating that the grant amount is now going...
Tom V.
LLC, rental property, taxes, argh! very confused....
Hi guys. Found the forum through google, seems like a place I can learn from.
I've been reading this forum forever, and find myself more confused than when I started. Ugh.
Anyway, I need help on understanding taxes re...
Account Closed
Usury
Assume the usury limit in my state is 10% and that I do not have a license that exempts me from that law. If I loan a rehabber $100k in exchange for a split of the profits when (s)he sells, would a payoff of $120k ($...
Wendell De Guzman
Real Vacancy Factor
After owning a bunch of rental properties, I realized that for Single Family Homes, your real vacancy factor is not necessarily 10%. Why? If you have a mortgage on the house, logically then, if it becomes vacant, y...
Arnie Guida
Doubling My Doors
Well. almost, I have a 4 family and a single, so that's 5, and I'm going to 9.
I've just bought another 4 family. A small step for many here, but a big step for me, I am a little anxious...I've got a small ...
Rich V.
Paying GC's an Advance
Hey all - Looking to start off 2017 with my first BRRR property.This will be my first rehab. How do you typically go about paying general contractors advances for the project? Putting the money in escrow would be opti...
Corey Reyment
Cost Segregation Study on a 16 unit and 401K To Reduce Tax
We are in negotiations on a 16 unit. Purchase price will be somewhere around $600K. We primarily wholesale and should end up somewhere around $400K this year of income from our wholesaling business. We met with our ac...