Raj S.
Property management company asking for my social security number
I own properties in Nevada, and more recently I purchased my first property in Indiana. Is it normal for a property manager to ask for your social security number? Back when I purchased my first few properties in Ne...
Russell Brazil
REO's and Transfer Taxes, and Other Associated Costs
I often have to educate some of the newer investors I work with about this fact. This is at least the case in DC, Maryland and Virginia, that the buyer of an REO pays 100% of the transfer taxes and redecoration taxes...
Irwin Dominguez
Setting up California LLC for RE Investing - Anything special?
Hello everyone,I am finally ready to invest in a rental property and my goal is to get one property by the end of the year.
Anyways, I need to setup a California LLC (I have a business and assets I want to protect) a...
Anthony Portugal
Purchasing first rental property under LLC with mortgage
Hello everyone,I've been an off/on lurker here for a couple years and an aspiring rental property investor. After finishing grad school a few years ago and building some capital, I'm finally in a position to potential...
Justin R.
Who uses a Delaware Statutory Trust?
If you have set up a DST for asset protection, and/or anonymity, please let me know your thoughts. I have just started communicating with an attorney about this method but would like to hear from others as well.
Who ...
Ahsan Harriel
Buy and Hold turned in to Flip in less then a week.
So I have this duplex under contract in Macon, GA which my intentions where to buy and rent out. So my closing isn’t for the next couple weeks but after running title search I decided to show some initiative and start...
Scott Carrillo
LLC tax return: How much should it cost? Seeking Bay Area CPA
Formed a 3-way LLC partnership in 2018 but no business was conducted. How much should it cost to file and does each partner need to file separately? I received a quote for $600 and this seems outrageous. Also, does an...
Ashley Glinka
1031 Exchange-purchasing from seller who doesn't want to repeat
Hi all,I manage a group of 36 townhomes, owned by two older couples who are related to one another. At our last meeting I approached them about the opportunity to purchase the property from them if they ever choose t...
Matthew T.
"Back to Back" Closings vs "Assignment of Contract" Closings
I was wondering which one is better to do for investors who want to wholesale real estate.....a "back to back" closing where transactional funding is used OR a "assignment of contract" where the investor signs over hi...
Simon W.
Asking Seller to pay for closing cost and escrow fees?
Hi,
So I am in the middle of negotiating with the seller.
I told to listing agent that if I want to accept the seller's offer, he would have to pay for all the closing cost and escrow fees.
(I am new to this. This ...