Simon Stahl
Morris invest - any insights?
Hi thereI came across morrisinvest.com the other day after listening to Claytons podcast. The whole idea sounds really reasonable, but I still would like to cover all my bases. Does anyone have any experience with the...
Jonathan Greene
5 Tips To Create A Real Wholesaling Business And Not a Chop Shop
I am generally not a fan of wholesalers. I find the majority of them to have low repair costs and high ARV. I see way too much daisy chaining. But...the good ones are fantastic. The good ones use some or all of these ...
Robert Perea-Martinez
"Dealer" classification while doing Lease Option Assignments?
Hey all, quick question. When doing lease option assignments or when assigning subject-to contracts, are those situations in which you'd have to worry about the "dealer" classification tax-wise? I know it can be a com...
Timothy Key
New business - what tax classification is best?
So we just recently got an LLC. We have rental properties. Just trying to figure out which classification would be the best. Any information would be great!
Steve Hiltabiddle
Private Lending - Business or Personal loan classification
I have an interesting lending opportunity that I have some questions on. Hoping to get some feedback.
Owner is an older gentleman who has moved out of the subject property and is now living elsewhere. Now that he is...
Byron Law
Classification of student rental by-the-room
How would a house that is rented out by the room be classified? Would it be a single family structure or a multi-family structure?Scenario: I wish to procure a lot near a university and build a house that would be ren...
David Zinn
Advice talking to appraiser - removing C5 classification
Hi all,This is actually my first post, so greetings! I am in Newport News, VA.I have my first SFH under contract. It is an REO and HUD will not make any repairs. The problem is the appraiser, siting mold growth on the...
Yuliany W.
LLC Classification: Partnership, Corporation, or S Corporation?
Hi,
I would like to get your thoughts on this. I recently created an LLC to own my future real estate properties and I also just applied for an EIN. What is the best classification for an LLC which purpose is to own ...
Steve Velez
Changing Property Classification (Apt to Residential multiunit)
I was looking to invest in a multiunit rehab property and I noticed that the listing had mixed messages that it was a 4 vs 6 unit property. So I looked it up on the country property records and noticed that it is cla...
Jeff Wittig
Dealer classification when flipping??? First time flip
Hello everyone. So my father and I decided to buy a property together to flip in Spokane Valley, WA. This will be a short term flip and should be completed in 2-3 months. Doing some research shows that with short term...