Benjamin J Haithcoat
How to deal with taxes from income procured from wholesaling
Hello,I am a new-comer to investing. I plan on wholesaling at first to build up my capital while at the same time growing my network and learning all I can about the business. While my plan isn't to remain a wholesale...
Zenas Underwood
Preapproval w/o 60 Day Bank Statements
Working on helping my dad get a loan for a four plex. We are targeting a loan with low down payment, that I will gift to him. He didnt have 3 months reserves so I gave it to him in an joint account we just set up 6 da...
Antonio McGuire
Rent Money, where does it go?
Hi all, I am just starting out. I bought a rental in NC and someone told me that the rent money has to go into a separate account that just is for rental income.... is this true?
Tracey Hamilton
TItle in personal name but expenses paid by LLC
When doing our first flip project, we purchased the home in our personal names. We used money from our LLC account for the purchase, but IIRC the actual cashier's check to title company was in our personal names. We ...
Troy DeLong
Renting Out Basement
Consider this a hypothetical situation. Say a family member (different last name) was to rent out a room in your basement for $500/month (Market value for similar would be around $700/month). Most people (homeowner) w...
Kenneth LaVoie
Questions about being a property manager
Good MorningI am in the process of selling two of our buildings and the buyer is having us manage the buildings for him for a short time (1-2 years). It's a pain, but I'm almost there. I have some questions about the ...
Ray Agosto
Random Fact
I was told i could find a great free way to find sellers though code violations for what ever county i live in or wanna buy in. Now i wanna obtain for example middlsex county in new jersey does anybody know how to fin...
Brandon Jividen
Rent collection apps and tools?
Hello what are the best tools to collect rent electronically? I’ve been thinking about trying cozy but curious if there is a better app or website.
Avery Biles
Cash for downpayment
We have a lender saying we cant use cash as a down payment for a house, and that we would have to distribute the money to family/friends bank accounts then get them to wire the funds to the the lender. I'm not an expe...
Steven Medina
Fair Market Valuation CPA for Real Estate syndication
I am trying to locate CPA firms that can complete a Fair Market Valuation (FMV) on a Syndication fund in order to convert my investment from a Tax Deferred account to a Roth account. Do you have recommendations on CP...