David Santana
Sole-Proprietorship or LLC
A little background I already got two properties rented (single home properties), their mortgages are paid in full so I created an LLC and decided to expand into fourplexes. The bank is telling me that any purchases...
Jeff Wells
Question about assignment guarantee of fee
We are wholesaling a property to someone we've never dealt with or met. In the contract we have that we get our fee regardless of whether he closes the deal. He says he isn't comfortable with that because anything ...
Ryan Thomas
Legal advice on builder land screwup
Hi all,My wife and I recently sold our primary residence and are building a new house in a subdivision through a tract builder. The builder required a construction loan so we closed before building began and now own t...
Dan Walters
Cash out Refi for Partner/Investor
Looking for any insight here on a Cash Out Refi w/a current Investor/Partner.
I have an investor that funded a SFR property last month using all cash. He will be qualified/eligible for financing on Nov. 30 a...
N/A N/A
Just starting - Need Your Thoughts
Hey,
I just graduated college about 1.5 years ago. My trade is engineering but I found that my situation within the past 1.5 year has not changed at all. I have about 60K in school loans, I bought a new car in Janu...
Patrick McCandless
Contributing to IRA and using funds for home purchase
I know I will get the "consult your accountant" answer, but can someone either with personal experience or definitive knowledge on the subject tell me if I'm able to contribute my max towards a new IRA for the 2015 ta...
James Hamling
How will the death of the 1031 impact you???????
The end of the 1031 exchange.... It's a statement that seems more fit on a sandwich board sign wandering a street corner right next to "the end is nigh" yet, here we are in a living reality where it was not only spoke...
Chris L.
What do you think of offering a discount for paying rent early?
I met a landlord who offers tenants a discount for paying rent early instead of adding fees for paying late. It seems to work for him. What are your thoughts?
Lionel Quiambao
Interpersonal Complaints and Delegating Trash
Hi everyone!
So I'm closing on my first property next month, which I will be renting by the room on a medium-term lease, and I would just like to know: Do you ever receive complaints about tenants leaving the shared ...
Grant W.
Financing a Flip?
Greetings!
I have my first rental under my belt, and am looking to flip the next one.
My question is, what is the best way to finance a flip? For instance, on my rental, I got a 30 year mortgage, and there is a p...