Macy Lee
Need an Attorney to help w/ LLC Opinion letter for SDIRA
I have my SDIRA with New Directions IRA, Inc. based in CO. In order for the custodian to approve the LLC for the SDIRA I need to get an Attorney Opinion Letter, in addition the organizational docs. The attorney letter...
Cody C.
Sub2 and wrap options
Good Afternoon!(or whatever depending where you are...=)
First of all, I'm not 100% clear on the difference between a wrap and a sub2. So if someone could clear that up for me, that would be excellent...
However, I...
Alan Miller
LLC or ABA
I am considering buying a Florida vacation condo rental. As part of the consideration, I am trying to figure out how I can get the largest tax advantage. Is it better for my wife and I to purchase the property and ...
Brian K.
Determining full amount of unpaid state taxes on Georgia house
A house will be sold at a trustee's sale this Tuesday. The Georgia State Dept of Revenue has filed two notices titled "State Tax Execution" against the owner and her house. One covers 2015, another covers 2013 and 201...
Kyle Carter
Impact on Credit Score
When you buy a house, how does that impact your credit score? Is it dependent on how you get funding? If I were to do seller financing as opposed to FHA would it have a different impact?
Andrew Postell
How To: Cash out 1-4 unit Property
Receiving a cash out loan on an investment property can be a very confusing item. This post is designed to bring some clarity to taking cash out of a property with a conventional loan and help you navigate the someti...
Ryan Pryor
Buying a car and writing it off
Hi all,
I was listening to a podcast talking about if you bought a new SUV and put your business information on it, you could write it off 100%. Does anybody know if this is true? Does it have to be a LLC? Or would j...
Tom Braddy
Property Manager Withhold Rent to Landlord
Hi,I own rental properties in Atlanta suburb and my PM has been late (paid after the 25th) paying the rent to me and my fellow investors for various reasons for many months. This month she upped the ante and demand...
Kisha Lindsay
Subject To Example Contract
I have a Subject to deal to do and would like to know the steps to take. We want to flip this property and leave mortgage in place. What is the difference between Subject To and Seller financing? Can someone upload an...
Dave G.
What are the clues I should look for that may hint to catastrophic repairs?
I'm going into a few distressed/rundown properties to give them a preliminary look over. I'm no pro (obviously), but I have watched a few episodes of Holmes Inspection on Netflix :-), and from what I have gathered the...