Tommie Thomas
Funding a remodel on the BRRR strategy
Hello, everyone, I'm looking for some advice on funding. I've found myself at a crossroads because I had my mind set on using a HELOC to fund my rehab on my duplex. I live on one side of the duplex and I'm remodeling ...
Nedra Campbell
Financing Vacant Fixer-Upper Duplex
I plan on purchasing a fixer-upper. It's a duplex. The purchase price at auction is $16,800, but it needs over $100k in work. The estimated pre-rehab value is $68 - $92k (Trulia / Redfin). The ARV is $225k. Is there a...
Account Closed
401k Funds to Invest
So I've come across a partner who's okay with tapping into some of his 401k to invest in real estate. However we've come across a small problem. He wanted to put down payments on 4 houses but we're only allowed to acc...
Jeff D.
tax on LLC doing flips vs. tax on S-CORP doing flips?
Could someone please tell me in as general numbers and terms as possible what the overall difference in end taxes might be between these two? Let's say for example the company clears 120k in profit on sold flips eac...
Jason Moran
Modesto California housing bubble
I've been collecting a lot of data, researching past tends, and studying some market "guru's" who claim to have all the answers. The numbers don't look good, the trends scare the hell out of me, and I don't want to tr...
Alan Chin
HELOC on Jointly Held Property
My mother and I jointly hold a property that is completely paid off where she currently lives. My mother was planning on doing a HELOC on this jointly owned property so that she can pay off one of her rental propertie...
John Anderson
Direct Mail
Does anyone else use AgentPro247 to generate mailing lists? I have been using this for the past few months along with Click to Mail for my direct mail and I am getting a ton of return to senders. Its not a huge loss b...
Lian Chavda
WA State - Want to get my foot out on the wholesale process
I've done my fair share of research (of course, the researching never ends) but I want to put my foot out the door and get started. I've met with a mentor and he's advised me to actually get out and start trying to fi...
Jonathan R Boswell
Building vs buying duplex in north Florida
I was considering making a duplex my first house purchase. Due to a family issue with my parents and sick sister I may want to go the route of having a duplex built rather than finding one already existing. I need v...
Alison Hodges
Financing first rental
How do you get financing approved/mortgage approved on a rental if I want it in a LLC/or business entity. Will the mortgage get approved if I file it under an LLC??? Or business entity? How do I get that ball rolling...