Nick Frey
1031 in less than a year (short term capital gains)
Property A was owned by LLC A 50/50 me and another partner. After five years of LLC A owning Property A, I created LLC B with two extreme-minority partners (0.5% each, as a formality for lending purposes) and bought ...
Ray Thorsen
Gatlinburg Pigeon Forge cash flow str rentals
I am heading down to the Smoky Mountain Gatlinburg Pigeon Forge Tennessee area on vacation and wanted to check out some Str cabins for a possible AirBNB model. I am wondering if anyone would share what areas are best ...
Ihe O.
So you are running a business!
I keep reading people here saying "Your rental properties are a business" as a precursor to some inflexible dogma about sticking to the letter of agreements and pursuance of remedies for breaches. Let me point out ...
Divya Sosa
Tenant lied on rental application regarding criminal history
Hello,
I had a unit up for rental (a townhome) and received an application from Zillow which showed that she has no criminal history and credit score was good as well. I did all my other due diligence like asking for...
Account Closed
Is WHOLESALING still viable business to get into in Maryland? I am based in Frederick
Hi everyone. I was away from RE world since COVID hit. Now I am back and was about to get myself started with wholesaling RE. I know it has a bad rep and everyone hates wholesalers, the state, brokers, realtors, you n...
Dennis Cosgrave
How Will California's Proposed Wealth Tax Affect You?
AB 2088 establishes a first-in-the-nation net worth tax, setting a 0.4% tax rate on all net worth above $30 million. If successful, Illinois, New York, New Jersey and Connecticut are likely to follow suit. How will th...
Allan Rosenberg
Patch of land rate of defaults and return of overdue funds
I have loaned ( alot) of money to rehabbers and people flipping houses in NY and NJ.A while back I decided to try to invest a very small amount with Patch of Land ( $5000). I was tempted to invest in additional loans ...
Anthony Palmiotto
Are Lonne Deals Dead - SAFE Act?
Obviously there are plenty of threads discussing the SAFE Act and how they impact Lonnie Deals. I understand that these laws may differ from state to state but my question is a simple one.
I'll make an overly simple ...
Matt A
Deficiency judgement after a short sale
Hello CTC,
I have a concern. I recently had a short sale approved in California through B of A and the buyer wants to close asap. I got a letter from B of A stating "BAC Home Loans Servicing, LP...
Account Closed
Detroit Bankrupt
My dad just sent me this link.
http://theextinctionprotocol.wordpress.com/2013/07/18/motor-city-goes-bust-largest-ever-municipal-bankruptcy-in-u-s-history/
What do you all think about the REI market in Detroit after...