Micahel Lorent
Two wholesaling questions
I have two major wholesaling questions that are troubling me:
Firstly, when you wholesale, does it matter if the seller owns his home free and clear or does it make a difference if he has a mortgage on it?
Secondly,...
Megan Stone
REPS qualification questions
Im trying to breakdown some minor details of what exactly qualifies for REPS hours. I've received mixed answers1) 500 hour material participation--- Does travel to and from the property count? We live out of state and...
Brian Hood
The "Infinite Return" BRRRR is BS
I love the BRRRR approach, but why isn't anyone factoring in their time into their ROI? Even if you have $0 in the deal, you may still have dozens of hours (or more) invested into finding the deal, buying the property...
Gerardo Hernandez
Am I making a HUGE Mistake?
Hello Everyone,
I want to start my real estate portfolio. I want to start with a house hack But can't find a duplex. I found a fourplex that is 419k but its been in the market for a long time. I did the number for 40...
Dennis Kwon
Help a newbie! Cap rates: stabilized vs value add
Hey all,First time poster here! Just started to get my feet wet in the real estate space and I'm reading as much as I can to learn as quickly as I can. I'm interested in being a passive investor (I'm a young doctor wh...
Account Closed
Is Flipping Is DEAD???
I've talked to tons of realtors, hard money lenders... everyone says how hard it is to find deals, yadda yadda yadda. They make it sound like flipping is dead and no way for a newbie to find a property to flip. This...
JT Spangler
Revisit your insurance policies every year!
I was pulling together 1098s so I can do 2015 taxes (normally I like to procrastinate, but this year I'm trying to refi some things so I'm motivated), and I noticed I got an escrow bill for nearly a thousand bucks.Wha...
Lisa Marie
Home office reimbursement for LLC members (taxed as partnership)
Hi, my husband and I are the only two members of an LLC (partnership status for tax purpose). The LLC owns a property outside the state where we live. We have a dedicated office in our primary home that we use exclu...
Gary Parilis
Self-directed IRA: What criteria to choose a custodian/admin?
Self-directed IRA is an amazing way to take tax-deferred advantage of the cash I have piled up in my 401k, and funnel it into real estate. I intend to take the plunge immediately, but there are so many providers out t...
Anson Lau
30 fixed / 30 am portfolio loans
Has anyone encountered any lenders who offer 30 Year Fixed/AM on portfolio loans?Most I have talked to are 20-25 year AM with a balloon. I found a 30 year fixed - but the fees are crazy and interest rates well over 6.8%.