Kevin Danikowski
Tricks To Increase Closing Credit from Seller?
I'm looking for a way to increase the amount of seller credit at closing. I have a deal for an agreed upon price i.e. 300k, but it's worth more, i.e. 350k. So i'm "purchasing" at this price while trying to maximize th...
Roy C.
Bank Account Allocations
Hello BP. Hope everyone had a wonderful holiday. One of my NYR is getting more involved with REI and BP forums, so here it is.How do you guys manage your REI bank accounts?From what I understand from previous discussi...
Mary Jay
Damage to property or normal wear and tear?
Hi guys,my tenant tenant was a good tenant who always paid on time, but after he left we are not agreeing on security deposit refund...After he moved out, he left a toilet that had black spots that could not be clean...
Gary Fox
Ownership by Contributed Capital vs by Tax Capital Accounts in small syndications
Found this site looking for a JD or CPA (or JD/CPA) to answer one question. Sole manager for these (small, < 2.5M in investor funds max) syndications has been convinced by his CPA that the only IRS-compliant metho...
Raymond Lau
How to approach saving money for first investment property
Hi I'm new to the forum and would like to get some insight on investment strategies to save for 1st rental property.My sister purchased her first SFR last year with conventional mortgage (20% down payment,30 yr fixed ...
Yulia Kaygorodtseva
Prorating first month rent
Hello, landlord gurus! :)How do you prorate rent and what do you collect if your rent starts on March 10 for example? rent for 20 days? or 20 days plus 30 days?what if rent starts on March 20th, would you collect 10 ...
Ian Landy
Build LLC credit with cash secured credit line
Has anyone played around with setting up secured credit lines with banks where you secure the credit line with cash for the purpose of building credit. For example setting up a secured credit line of $95-$100k and sec...
Thomas Higgins
The Evolution of Real Estate Investing
As fund managers, it's important to have a historical perspective when it comes to investment strategies and where we allocate our money. Real estate investing has been a popular way to build wealth for centuries, wit...
Lizina Green
Seller Financing and Taxes
I have been getting prepared to present a seller financing package but I am unsure concerning taxes and the balloon payment. Will the seller have to pay taxes on the balloon payment? If they sell the property in form ...
NA NA
Getting credit
Read somewhere about creating credit line but don't know which post is it The content is something like deposit some money in one bank borrow from them and deposit to another bank and borrow again creating more credit...