Huy N.
Syndication - LLC question
Hi fellow expert!I'm putting together my 1st syndication deal and getting very confused as of how do you hold the property.I'm raising the 25% down payment from 4 people to purchase a package of 5 single family house....
Jay Hinrichs
Wholesaling assignments and double closes are now illegal in South Carolina
OK folks I have real world experience at this. This morning I went to wire in funds for my clients to buy a property in SC.And because it was an assignment contract to ME as the buyer.. I got a call from title compan...
Account Closed
Question about creating an LLC
I am semi-new to the real estate investing world. At the young age of 21, I own two rental properties and a third one under the works (Paid with cash). I have not yet created an LLC, which leads me to question 1. ...
Jake Grenier
$150k into $6k/month in passive cash flow
What's up BP community! I'm wanting to hear your strategies for turning roughly $150k of savings into $6k/month in passive cash flow through real estate. Don't consider anything off-limits, as I'm hoping some of the...
Rich Weese
Need net worth for financing? New poll
A current thread talks about those underwater on mortgages or negative net worth. I decided to ask a simple question. I believe more than 2/3 of PUBLIC has current negative net worth. Lots of reasons: underwater on ho...
Daniel Dietz
Income fluctuations / DTI / Qualifiing for Conventional FHA?
Hello All,So far I have been buying rentals with my self directed IRA, but would also like to do some with conventional 30 years fixed financing before rates get too high. When I looked into it this year, even though ...
Harry Garner
Depreciation Not Included on K-1
My wife and I have recently formed an LLC in Alabama with her 2 siblings and their spouses to purchase a short term rental property also in Alabama. We are 15 months into this and are now having our first full year ta...
Desiree L.
College Student interested in house hacking (LA Area)
Hi everyone, my name is Desiree and i'm a senior in college right now. I read Rich Dad Poor Dad last summer and ever since I've been obsessed with the idea of cash flow through real estate investing. I'm primarily int...
Silas B.
Need Landlord Advice
I am getting super close to getting a cash flow rental property in Alabama but I have a few questions:1) Property Management. Its tough to find a property management company that will manage homes that bring in less t...
Matthew Shay
South Carolina Withholding Tax for Non Resident
Selling real estate in south carolina and not a resident but there is a withholding tax (7%-10% of the gain) If the gain is $10,000 are they withholding the whole amount or just 7%-10% at the time of the sale? What is...