Jedd Braunwarth
Off market deal- how can seller lessen tax burden selling to me?
Alright experts need some advice. I have an off market deal I am buying from a seller, roughly $1.8mm, we had many conversations, toured the property, etc. The owner is wanting to fully retire and move out of state an...
Alik Levin
TurboTax, Schedule C, Wrong Federal Refund/Material Participation
Dear all!Hope your tax season going well.I am using TurboTax Self-Employed online to file my day job's W-2 and rental business taxes. I manage my properties through single member LLC.When I am at the Schedule C the lo...
Ben Scott
Owner finance deal in NW Oklahoma City by Chisholm Creek
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $98,000
Cash invested: $3,000
Owner finance option where I have equitable interest in property. My cash flow is min...
Stephanie Birkhimer
Short Sale Tips?
Hi all! @Max Ockner and I are working on purchasing a 3-2 home for a live in flip, and just found out today that it's in short sale. We were wondering what advice people might have, and any questions we should be sure...
Kyle Kline
BRRRR turned into flip #2
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $215,000
Cash invested: $130,000
Sale price: $415,000
The property is a single-family home that initially had 3...
Carmen Massie
Newbie Needing Advice on Property as Wholesale or Flip
I need advice or someone to work with on this property deal if it is one. Property located in Tennessee and is listed for sale at $515K from builder. This is a newly built home 5 bedroom, 4.5 bath and 4 car garage. Th...
Christy Snoke
Setting up an LLC before...
Hello,Could setting up an LLC for my duplex that is upside down protect my personal and marital finances? The commercial loan I have on the property is in my name. Thanks,Christy
Account Closed
We listed for $1900, lots of interest; how do we get $2k?
This is for a SFH rental. We listed for $1900 and have many parties (6-7) trying to get it, with 2-3 very strongly trying to lock it down.How do we propose a higher rent when we have multiple parties trying to "lock i...
Jesse Barahona
Buying under a LLC ???
I know this is a rookie question but it completely slipped my mind, how does one buy under an LLC ? Do I need a separate banking account with funds? do I need to establish credit with the LLC ? And how do I do that ??
Chad U.
Mortgage or Loan Charge-off
Hey all Note experts out there, hopefully someone can help out here. I'm doing DD on an NPN that I got a bid accepted on, and upon review of the collateral and servicing notes, it's indicated that the mortgage was ch...