Beatrice Temi
New to Wholesaleing
Hello, I could use some suggestions and ideas. I am just starting in wholesaleing and would like to know if it is wise to put out an LOI on a property that's only 59K and a fixer upper to wholesale. The seller is sell...
Dean D
Saving 15.3% in Self-Employment taxes with an S-Corp?
RECPATAXMAN,
If you could go into a little more detail on this S-corp SE savings.
I'm not clear on how the end of year dist. will be excluded of S.E. tax.
I'm currently interviewing Atty's to setup my first LLC an...
Demetrius Gatling
Seller finance
I found a duplex for 48,000. 1 bath/1bed both units are renter for 375. I asked the owner if he would owner finance he agreed but he doesn't own it the bank does. Is it still possible for me to move forward? Is it a g...
John Yoo
Refinance multiplex (4 units)
I purchased 4 unit property in 2022. Purchase price was 250K and rent was $2225. Now all the rents are near the market rent (i.e., $4041). I didn't do any rehab but replace the flat roof.So here is my question. If I s...
Chevis Duncan
how would you purchase?
ok, a prop i want to purchase is listed at 21k, it appraises for 40k. i need 20% down and the lenders only lend lesser of two right? renters are in place and want to stay at 400/ mo. how can i purchase and use the ...
Michael Johnson
Subject-to vs. Loan Assumption
This isn't an attempt to be an ass. I'm honestly curious. I've been looking over contracts, how to get them filled out, and what all the different things mean. The standard contract form here in TX doesn't contain ...
Kyle Kufeldt
Subject to and Probate
I'm currently marketing to probate and have come across a lead that has a mortgage that is close to what the property is worth. The only question I asked was about the total of the remaining mortgage and was going...
Jeff Wells
Structuring Subject-to Deals
Hi everyone, newbie investor and new to the community. I have been reading a lot about creative finance and I have some questions specifically related to subject-to deals.I understand the big picture - seller for one ...
Kevin L.
Getting a mortgage loan while unemployed
I recently purchased a house with cash and it gives me a rental income of about $2500/month. I want to purchase more properties but I’m afraid I won’t be able to get a loan because I’m in school (Phd program). Would m...
Jason Fang
Subject To - Reluctant Banker
Hi Guys,I'm working on a Subject To deal but the seller is being blocked by recalcitrant lender. The seller has a 230K mortgage on the house that I'm trying to take over subject to. He is moving to a new smaller hou...