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General question. I am buying SFR’s. I take the loans out under my personal name. Then after a short period of time request permission from the lender and deed the title of the property to my LLC.My my question is, do...
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Our property does not fit into 50% or the 2% rules; but I am still in a dilemma of weather to rent it out or sell the home. Any wisdom in the matter is really appreciated.
Here are the details:
Market: ...
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Does it matter how much it cost if it cash flows?
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Hey BP,So lately I’ve noticed the only “deals” in my area that meet anywhere close to the 1% rule are properties that have either something really fouled up(Ex. Water problems that cost a ton to fix, etc) or propertie...
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I strongly believe whether or not you use debt or don't use debt to buy real estate, it is important to pay off debt that is not related to your RE investments. All of that interest your paying is money that could b...
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I could be wrong because the US tax code is very confusing, but how much do certain expenses like property tax, or property management fees matter if you can write them off? Im not sure if there is some sort of cap, b...
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As the title says... Does it matter how old a house is if it has been completely rehabbed? For example, lets say we have 2 houses:House #1: Built in 1950 but has all major items rehabbed like roof, plumbing, electrica...
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I'm both a Quicken user (need to upgrade soon) and a Quickbooks user.We recently purchased our first cash flowing property. If I were putting in an LLC, no question, I would use Quickbooks. But since we currently own ...
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This is a question to all of the wholesalers out there who have a virtual assistant working for them on qualifying seller leads. Does the time between the 1st qualifying phone call and the 2nd acquisition manager phon...
Hi all,
I currently have 65% equity on my current home, my wife and I are buying a new home (closing tomorrow actually) and haven't seen much traction on selling our current house, been on the market for 3wks now and...