Patrick Padovano
Building investment prop, what account should I make draws from?
I’m building my first rental property on a piece of raw land I recently bought under my name. I plan to eventually transfer it into an llc I created once it is rented, and refinanced. Would it still make sense to open...
Don Konipol
COMMERCIAL Mortgage Broker Licensing Requirements by State
There has always been many questions as to if one needs to be licensed to engage in COMMERCIAL mortgage brokering/origination or RESIDENTIAL INVESTMENT property mortgages. Here is a list of states divided into three ...
Ryan Wydler
The McDonald's Model
I've been reading the 4-hour work week and it talks about building a 'Muse', a system that passively generates income for you (usually in the form of a product that can be easily/quickly manufactured).
It got me thi...
Mark Forest
Deducting vehicle expenses
I just bought a cargo van that will be used only for my rental properties. I know there are two ways to expense the costs; either direct expenses or mileage. Which method do all of you use and why?Also, I want to ma...
Charlotte Lucchesi
Investing with an LLC/Corp
It is my understanding that if an LLC is formed in Nevada and I buy property in another state I will have to register as a foreign entity. I believe that in CA this is the same annual fee, 600.00 that is charged to a...
Deloris Coleman
Adding funds to Business Account
I have an LLC and it has its own business account and credit cards and everything. The business is not generating enough revenue to cover all of the expenses, so when a bill is due, I deposit cash and categorize it as...
Elizabeth Velez
Pay off debt or invest
We have about $170k in “bad” debt and our DTR is almost 50%. We are about to get $150k in cash from a business sale. Should we pay off debt or invest? I’m thinking pay off enough debt to get us to 30% DTR then invest ...
Darren Flater
Should I buy the hardware store in the mixed use building I'm planning to buy?
Here is my question. I'm looking to buy a mixed use building with 6 apartments above a hardware store. I also have an opportunity to buy out the store. Has anyone ever had any experience owning a store? If we buy this...
Daniel Rivadeneira
Create an LLC First or Buy Multifamily rental first?
Hello everyone Ive been in analyzation paralyzation for the past 2 years, I finally figured out what I want to start in which is multi family rental investing. Only thing is Im not sure where to take my first step. I ...
Anson Lau
Buy a building for my business or invest in more RE?
I am the owner of a high end automotive business that specializes in customization and restoration, and also have been investing real estate for the last 5 years (MF and SF homes), currently sitting on 24 doors. I am ...