Paul Chase
Agent versus Consultant
In Pennsylvania, a real estate consultant is required to be a.licensed broker. A licensed salesperson, or agent, cannot operate as a onsultant. So it you were to consider hiring a REI consultant, what service, skill...
Tom J.
financing when you are asset rich, but cash flow poor?
Hi All,I am planning to buy several real estate properties. I have enough cash to buy them, but I have a bit of a unique situation. I have seven figures in wealth (cash and equities), but I have made my businesses s...
Account Closed
15 Undeniable Reasons It's Time to Sell Your Investment Property
Deciding when to sell a rental property can be one of your most challenging decisions. The problem is that real estate markets are constantly changing. Selling a rental property too soon could mean missing out on a pr...
Allison Haley
How would your structure....
A friend of mine has 1 business, 3 locations. I have been managing them for 3 years now. She is wanting me to purchase two of them, by assuming the payments at the bank without changing the information at the bank. ...
Nicole A.
Marriage penalty tax
Hello everyone! It's been a while since I've really posted, but I am still here! Here's an interesting subject that I'd like to discuss. Please keep in mind, let's keep the logical side of things and not the emotional...
Jeff Rabinowitz
Solo 401ks are much easier to manage than SD IRAs.
The last couple deals I participated in were funded through my wife's Solo 401k. They were easy to initiate (only needed a mortgage, a note and a trip to the bank to send a wire) and to finalize (received a check via ...
Mike Carstens
How do I enter the appreciation of value after a refi & cash out?
We are finally getting our business computerized and are running into a glitch. Scenario - Purchase a building for $70,000Initial improvements $25,000New value $145,000Refinance at 75% of $145,000 = $108,750 mortgage...
Alex Silang
The dangers of leverage? Could someone explain?
I don't completely understand this and need someone to explain it to me.
2 people have 50k equity in their 100k home. 1 decides to refinance and cash out 25k and bring the house back to 75% LTV. The other is ...
Christina Maciejeski
LLC or Trust for one Vacation Rental Property
My brother and I just inherited the family cabin this past winter. Our mother is moving to FL and does not want any financial ties to the property. The cabin is still currently homestead, even though my brother alread...
Raman Bindlish
How does Cash out Refinance accounted from Tax Purposes
I have a question with respect to Cash-Out Refinance.Background and some context- We bought a duplex last year and put in some money into it.- It lost money this year due to an eviction and we ended up doing a major r...