Greg Robinson
Multiple distressed REO's with no retail comps for last 6 months...advice please.
Hi,
I have read both of J's books and had a question. I am a first time investor and am looking to make a cash offer on an REO. After purchasing, I plan to refinance and I am a bit concerned because there h...
Shawn Regnier
Any rules on CORP name for Real Estate agents?
Hi there, I've decided to form a corporation in CA for my real estate investing in January. I will be getting my real estate agent's license in January also, as long as all goes according to plan. I'm choosing Corp ov...
Nick Naik
New S Corp tax filing state(Georgia) and federal requirements
Gurus,
Need some advice on year end tax filing for S Corp based out of Georgia. I have a new LLC structured as S Corp and need to file my year end taxes. Couple of questions1. Is Turbotax Business a recommended tool ...
Ryan F.
Question about DSCR loans and STR
If anyone has a strong understand of DSCR loans, I would greatly appreciate your input.- Say you're purchasing a house/condo with $3,500 PITI- Sellers have STR receipts going back 2 years, showing $40k per year in STR...
Diana Klauman
Reo counteroffer
Hello BP! Short time reader first time poster. Facts: List REO price $88,900. Cash or conventional. Listed for 65 days (I know it's longer but listing was allowed to expire and then was relisted). Reduced $5,000...
Al Pat
Rental LLC election Partnership or S-Corp
I have a LLC that is owned by my wife and I. Ever since it was created, we have elected it to be treated as partnership and pay self employment tax on income (if there is income in a given year). My current accountan...
Caleb Vance
Appraisers - What to give them when selling?
Hello BP community!I am getting ready to put my first flip on the market. I have heard and read multiple people giving/leaving a packet of information for the appraisers. This packet would be information about the pro...
Aaron Fox
Duplex/Multi-Unit Comps
When looking for comparable properties and trying to determine the value of a certain duplex/multi-unit house, do you only use other duplex/multi-units as comps or do you also use SFH with similar sq ft and layout?
Troy Durrette
Building from foundation vs. Adding sq. ft. to existing structure
1200 sq. ft. house with some reasonable comps, however most are larger and have additional bath rooms. What kind of cost should I expect to: 1. Tear the house down, and start from scratch? 2. Add a second story to the...
Michael R.
Very Motivated Seller w/ Unpermitted Rooms & Bathroom
I received a call last week, off a mailer, from a very motivated seller two towns over. The couple is 3 months late on their mortgage payment, and their daughter is living in a home a couple of blocks away not paying...