I haven't made my first deal yet. When should I create my RE company? What are the tax and legal pros and cons to creating a company now compared to waiting until I have a few deals under my belt?
Hey Gang. I am a newer investor that has done a handful of assignments thus far. I now have a property that I intend to acquire Subject 2 ("Sub2", "Subject To", what is the correct descriptor for the veteran REI?). My...
Hey guys, I a working with a community bank and a commercial mortgage broker on small (20ish unit) multifamily property. Both of these people say seller carry back with a bank or agency loan doesn't exist... what am I...
I am doing some commercial deals and the seller will be carrying about 5% in 2nd position, is there any risk by not telling the bank or lender about this? Some lenders have various rules and it complicates deals. I am...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Albuquerque.
Purchase price: $475,000
Cash invested: $118,000
multi-family buy & hold investment in Albuquerque.
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What are everyone's thoughts on what would be a good amount of insurance to carry with four single family rental homes?. We have had a $1 million umbrella policy for many years along with $300k liability on each prope...
I'm purchasing a single-family house for a rental unit using a real-estate agent through the MLS. The seller refuses to give possession at close citing he has too much risk if financing falls through and he's all pac...
I'm a GC looking @ employees vs subs. I'm collecting employee cost based on hiring two to do rehab work @ $30K ea to make the decision. I don't like not having control over my subs, that is why I am looking at emp...
I've been in contact with the owner of an expired listing. I will keep the story as brief as I can. The property was scheduled for the Upset Tax Sale in September. The results say it didn't sell. Before the sale, ...
Hello,I am new to investing and I lack knowledge of how to use my passive losses from rental properties. or more than lack of knowledge, I just don't think my CPA knows this topic well. Lets say that i have a total o...