Rennie K.
Giving loan to a Real Estate LLC
Hi All,
I am new to RE investing. I recently opened a LLC and purchased a single unit property (cash purchase). Goal is to have 4 or 5 units at the moment.
My question:
Is it ok to give out a loan (from my personal ...
Jeff Brower
Local mini mailing campains tips. Stop waiting, start mailing!
I recently posted a success story on how I found my first duplex. You can find that thread HERE. I have many inquiries via private message and on that thread asking about he format of letter that I used to make contac...
Allen Tracy
School Board vs Franklin County vs Me (Repost)
I posted this in the legal section of the forums but since it's Columbus based I thought I should warn investors in the Columbus forum.Anyone else have to go through a tax appeal hearing and have to pay back taxes on ...
Todd Groom
No record of rental income, accountant refusing to accept income.
I have a friend who owns one rental property and rents out a few rooms in his home. He is allowed to rent at least one room in his home legally per county rules. When he tried to report the income to his accountant wh...
Nat C.
I would love to hear your thoughts on Charleston, SC
I would like to know who here is investing in Charleston, SC?I owned a house in downtown Charleston years ago and I now regret selling it. I don’t think it’s possible to find any deals on the peninsula now days.West A...
Matthew Petroff
First Rental Property Deal
Hello everyone,
In November 2018 I bought my first rental property.
Characteristics:
Purchase Price: $160,000.00Down Payment: $40,000.00Gross Monthly Rent (at time of purchase): $2780.00/moCurrent Cashflow: $800.0...
Job Hempy
Local ohio lenders willing to work with smaller loans?
I currently own two investment properties (a 3/1 and 2/1) free and clear for a little over a year now. I'd like to either take out a HELOC or home equity loan, however I'm running into a few roadblocks. One issue is...
Dennis Dempsey
Home Office/Self Employment Tax Question
I wanted to describe a situation and see if anyone can tell me what the tax implications are:
You get your real estate license to help with your part-time investing business and don't use it as a typical agent would....
Clinton Miller
Looking for a lender in Kansas City Mo that will lend based on eq
I am trying to do a deal in KC, MO for a SF home that is selling for well below value but most lenders want 20 %. Does anyone know of a lender that will lend based on value without the down payment?
Patrick Crehan
Buy and live in a multifamily, but not considered residential?
I want to purchase and live in a multifamily (it would be my first property purchase). It is currently being rented out as 5 units, with one unit in the basement. The seller (which is my landlord currently) says that ...