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Hello All:I am trying to purchase a 4-plex using seller financing and the Seller's accountant is telling the Seller that they need to receive enough of a down payment to cover the depreciation recapture which is taxab...
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Hey everyone,
I’m 19 and about to close on my first rental property! It’s a fully renovated, modern-styled, 2-story townhouse with 3 bedrooms, 2 bathrooms, and a basement in Baltimore County, where I live. I got the ...
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I know how i do it, just interested to know how alot of you come to your percentage on here.I see some pretty high percentages, and wonder if you guys are factoring in the same numbers as I am in my equations (rent mi...
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My business partner and I are putting in an offer on our first property. I will be supplying the capital for down payment for this first property. The preapproval and loan will be in my name. We plan to transition the...
hey i need advice from a cpa. I plan to start marketing for my wholesaling business and will also need printer pc etc. How do i go about doing that I have one rental now which i conduct all my rental related costs un...
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Despite being a part time hard money lender I am afraid I know little about buying and selling existing notes and it is an area I am curious about. I have been reading Lorelei's Legal Lessons which though it is 15 ye...
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Hello fellow BPers. I have been a long time reader of these forums and have picked up a tremendous base of knowledge from you, my colleagues, on this forum. I am mostly a passive investor, and so have not had a real...
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I am interested in becoming a private money lender. Whom might someone like me contact in order to get an initial start-up loan/funding? Some people have told me that you need to use your own money, however I just wa...
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Has anyone ever read these books (volume I and II)? In it, the guy talks about his strategy for buying and renting out over 300 single family homes.
For the first property, he started off with around $28,000 or so f...
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There is always much debate on if an LLC is needed. I have one. Only because someone told me to hold my properties in it for protection. I paid a lawyer to draft it and I signed it, and filed it away. I read most o...