Account Closed
Financing for boarding house type investment
HelloI found a boarding house that rents rooms and cash flows around 35K/year after taxes and vacancy %.The seller may finance 50-60% of the downpayment. What type of lending professionals can I reach out to for the r...
Pete Ackers
offer to buy fully rented 11 unit complex
Ok folks, I just got another email from the lead that was generated from my ad on Kijiji. They also have an 11 unit, fully rented complex for 3.1 million or best offer. After taxes and expenses, the net income is 176,...
Moises Suazo
Possible deal looking for partner
Hey guys I found a building in New York that is valued at 900k and the owner is willing to sell for 800k cash. It nets 94k after taxes (30k) water and gas. Im wondering if anyone would like to partner up on this? Lo...
Rich Weese
4th obstacle to creating real wealth
And by far, is income taxes. I know there are tremendous legal methods how to not pay income taxes, or to pay very little. Judge Learned Hand(his real name!) once said in a court case " it is the right of every Americ...
Michael Williams
Creating an LLC for next property
Before I purchase an apartment building (5-12) units in Sacramento, Ca should I have an LLC already created for private investors and lenders? How would I add my current property with my future purchase? Would a lawye...
Craig Osterloh
Using a management company
Wanted to get opinions. Self-manage or hire out? I have done both. Paid about 8%, although that was a few years ago. Currently I pay a manager to handle everything but the accounting. Eliminates alot of the heada...
Jason Dillard
Wholesale or trade equity?
This took me 10 years to learn:ARV 200k. Repairs zero. Contract price 130k. Wholesale for 10k. Not bad. I keep 6k after taxes. Or.........ARV 200k. Repairs zero. Contract price 130k. Trade house for 1m property. All...
Sean McCluskey
RE Taxes in Indy are bad for business!
Hey BP,I'm finishing up my first BRRRR deal in Indianapolis, and I have a great team in place. BUT, I'm thinking about moving to a different market.Indianapolis has a special real estate tax equal to 2% of appraised v...
Seth C.
LLCs and taxes
I can't quite understand the way people are structuring PPMs and talking to investors about their products.When someone says "I try to get 18-22% IRR for investors", are they talking before-tax or after-tax? If after,...
Ashley Garner
IRR... what excites you??
I am looking at a few multifamily deals to purchase. While analyzing one of them on first pass with the spreadsheets (using a 10 year hold) I am getting a before tax IRR of 14.77% and an after tax IRR of 10.14%. Won...