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Hello all. As I previously mentioned in an earlier post I am a Wholesale newbie in Clarendon County, SC. I am need of some serious expertise here. I am planing to launch my first marketing campaign for absentee own...
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I talked to my bank about refinancing a property I have owned outright for 10 years and they want the following. I think this is a paper storm that won't do anything other than burn my time. They have all my info as t...
We would like to have a HELOC available in order to make offers when a home that is worth it becomes available. Is this a wise strategy? My wife and I have a goal to rent our current home out and pick up a fixer upper...
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Besides making less money, what are some good ways to reduce my income tax bills? I mostly flip & wholesale, so my income is primarily taxed at short term rates. Between state & federal last year my tax bill...
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In addition to property management, I do hourly work for a rehabber. Would it be better for them to send a 1099 to my property management LLC or to my personal name? Both are justifiable since I end up managing the ho...
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We set up an LLC in Q4 2023, so there was no business activity last year. How should I file federal and state (North Carolina) tax return?
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I friend of mine that flips houses told me that's all I have to do is get a free EIn and pay for my business license (which is only 25.00 in this state) in order to be considered an official business. She told I don't...
We bought our home two years ago. TTCU the credit union is whom we have our loan with. Appraisal was 96.000. We narrowed 67.000. Mind you we also put down 17.000. We bought it after renting it over 20 years. We got it...
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I am new to investing and have done some self-educating over the past few years by reading books, forums, blogs, and listening to podcasts and webinars. I still feel like I could learn a lot more: I feel like I genera...
As I read the older posts there were 2 or 3 types of seller financing mentioned. I'm interested to know about the different types of seller financing. Thanks.