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Hi guys New to this forum and have been getting conflicting advise on this matter. This is a question on refinancing- If I own a property in a Llc company with lots of equity, I refinance, that money is classed as tax...
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Has anyone used skip tracing services? If so, I am just curious as to what your success rate has been on using it. It is very expensive, so for example, if you spent $1000-$2000 on skip tracing, (anywhere from 25 to...
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First off, please excuse my ignorance on this matter and thanks in advance.
I have come across a property with a tax lien on it where the owner would like to redeem. He has recently been through a bankruptcy...
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An investor sent me this yesterday.
Ok great! Maybe we can work together I’m working on a wholetail deal and I have minor work finish. I’ll flip your investment in 30 days all above board on contract. You can come i...
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I had two flips close in the first week of January. I purchased and rehabbed them in the last six months of 2015.
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Hey hey! I am a new Realtor in the Bay Area, California. I have heard that it is good to get a LLC or S Corp as a realtor. Currently, I have neither and I need to get that changed. So I was wondering if anyone had any...
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Hell all fellow investors.I've owned my personal property for years and have been house hacking it for approximately 3yrs through personal renting out per bedroom or through airbnb (house hacking. Both my neighbors (...
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I am trying to do a better job of keeping my personal finances and my business finances separate. What is the best way to do this? I know I should have two different bank accounts. Currently I bank at the local credit...
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Hi all, i have been lurking around bigger pockets for the last 6 months or so. This site is very helpful, especially for wishful newbies like myself. I finally closed on my first investment property a few weeks ago. ...
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Here is some language from the one we are using:
2. The entire proceeds of this loan are to be used for a business purpose and not for personal use and the property will be rented for a period in excess of 12 months....