Eli Rods
Net worth calculation as an LLC partner
Hi Fellow BPers,
How is personal net worth calculated when you are a partner in an LLC? Assuming I owe 25% in an LLC that owns and operates a hotel, I take into account the value of the property (25% of my share wort...
Mahmoud Y. Elhalawany
How is net worth calculated in partnerships.
Let's say that 2 partners own a property free and clear. The value of the home is $100,000 each has a 50 percent claim to the property. I am assuming that each has a net worth of $50,000 from that specific property? O...
Robert Mack
Percent of Your Net Worth in RE?
What percentage of everyone's net worth is held in RE?
I've been trying to formulate my business plan and have been thinking about my long term goals lately. Wanted to know if people have most of their networth in ...
Rich Weese
Need net worth for financing? New poll
A current thread talks about those underwater on mortgages or negative net worth. I decided to ask a simple question. I believe more than 2/3 of PUBLIC has current negative net worth. Lots of reasons: underwater on ho...
Jeremy Keone
1031 Exchange. Net profit or capital gains?
When purchasing the “replacement” property, do we need to purchase a property equal to or more than, the Capital Gains or the Net proceeds?Sell “relinquish” property: $287kLoan balance: $115kCommission, fees: $15kPur...
Rebecca Glanz
Is wholesaling the same as net listing?
Newbie realtor here! Wholesaling sounds a heck of a lot like a “net listing”- which is illegal in my state of New York. Can anyone clarify? Thanks!
Ashley C.
Would appreciate help reviewing net worth calculations
Hi all! I'm diving deep into my education and realize I've got a mental block in regards to wealth. Mindset. I've don't feel low income, but I guess that's where I am - my freedom number is $2k/month. My financial set...
Sam L.
Net Worth requirement on commercial/multifamily loan
Hi BP, I've got a duplex (and a condo) currently, and am looking to make the jump into 5+ units, but it seems lenders want 100% net worth on these loans. Anyone know of a lender who doesn't have that req? I am looking...
Eric Guasch
Florida Mortage Servicer License - Net Worth Requirement
Hello All-I am interested in applying for the Florida Mortgage Servicer License. According to statute 494.00721, the company must maintain a net worth requirement of $250k in order to originate and service the debt on...
Account Closed
High net worth marketing – what and why?
What’s an HNWI? Anyone know for sure?This is the abbreviation used for ‘High Net Worth Individual’. Why is this important to your marketing? Most CMOs will tell you that the best way to blow away a target CPA number i...