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Good morning BP,I apologize if my question is somewhat fundamental, I'm new to the business and some of my questions will reflect my learning. Q: When using transactional funding to fund the A-B of a wholesale deal, i...
So my wife is a stay at home mom, and I make just enough to be over the MAGI limit. I’m about to rent out my current home and buy another to live in. She will be pretty much be handling the rental property- is there a...
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just read this article http://m.huffpost.com/us/entry/7021138It says I'm going to pay $2k to $5k for use of the funds for a double close? Doesn't that seem really expensive? When would these funds be needed? Can't we ...
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I found an accountant I like in my area. After reviewing previous years taxes he gave me a quote. It’s 1,675.00 up front plus another 100.00 a month maintenance. Is this a normal type of fee for this service?
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I'm a long-time investor who has acquired my Agent license with the plan to transactionally support residential clients. The three major brokerages I am in discussions with all have terms in their Independent Contract...
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Why would someone find the need to submit an arm's length transaction?It looks like a real estate agent purchased the home. Would that be a reason to file the arm's length affidavit with the court? A business that I c...
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I have a LLC that I've created in Maryland (i live in MD) and I see a property that I'd like to put a offer for in Virginia to rehab. If anything, what would I need to do on my part to be compliant?
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I have a question about using my LLC to originate a loan that my SDIRA will fund. I will not be lending to myself but to qualified party so as not to create a prohibited transaction.
My question is, since my LLC is...
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I keep reading that when you assign a contract everyone will know how much you are making.I do not understand how.Please tell me if this is valid.Lets say I have a property under contract for 100KI am selling the cont...
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Someone brought some language used by lenders to my attention. I hadn't noticed it before, but now that I look back, I see it in a couple of my approvals. I know a lot of investors use the Trust Method of flipping, de...