I have 8 financed properties and fall within that difficult band of 7-10 financed properties with Fannie Mae that require 6% reserves of the unpaid principle balance. The reserve requirement has become prohibitive of...
I have just gone into contract on my latest flip and will be making nice profit of around $350K! This is our largest profit yet and wanting some input on ways to save on taxes. We have a CPA but looking for other idea...
"With regards to Nonresidents of the United States, it is not wise to believe the LLC is generally the best solution for your business needs, as there may be self employment taxes and estate taxes involved that could ...
My question is about "subject to". I haven't done any of these at all yet, but I understand how they work. What happens if the seller at some other time goes into bankruptcy on a "subject to"property you took over pay...
I have a seller willing to do seller financing. I let him know that if any time I miss a payment on his mortgage, he would have the right to take the house back, along with all of the equity I've paid down while I'...
Hello everybody, I'm relatively new to real estate investing and have found a spec builder who is willing to let me take over his mortgage/note on the home with some cash flow for himself. Im from Texas and know lease...
Hello all,After doing a ton of research, it seems to me that real estate investing gurus and their "subject to" teachings are going to turn good people (ignorant people) into felons. Just because someone is ignorant,...
Hi, I'm looking for a friendly and savvy company that has worked with investors in the past and will do double close and assignments.
Any recommendations is appreciated!
I was thinking about flipping a seller carry back note. I am new to the notes and real estate business and wanted to know how that would work tax wise. I understand that if I were to flip a house I would be subjected ...