Chris Parker
S corp questions - two LLCs
Hello,
I've created two LLCs based on the direction from my accountant. One is filed as an s-corp, the other is not. The s-corp LLC has a contractor's license and insurance, I intend to use it for flipping and possib...
Joseph H.
Seller financing terms
I am looking at multiple properties for sale at a decent price but wanted to check what you all have to say about the terms for seller financing. My questions are as follow:Do these terms below sound about right?Can s...
Lizina Green
Home Inspection Packages
I have an company that is offering 3 levels of home inspection. Standard ($375), Pro ($525), and Premium. The difference between the Standard and the Pro is the infrared detection and the rodent inspection. The home w...
Justin Aymer
Thoughts on multi-family subdivisions
I was looking online at a duplex as a potential investment in my local area. I took a drive to check out the neighborhood and found out that it was in a subdivision full of duplex properties. There are only 3 des...
Account Closed
Wholesale Contracts for California
Hello Everyone,
I just started my RE career and my goal is to escape my banking job and dedicate to RE full time. Thus, I am currently focus on Wholesaling properties in the golden state of California. However; I ne...
Simon S Marthinsen
Tax Implications of Using Family Members HELOC to buy property.
I'm buying a commercial property with my business partner using his parent's HELOC as short-term financing. The purchase price is $230k. The heloc is 4.25%. We are paying interest only. What are the tax implications f...
Account Closed
Newark closing without Certificate of Occupancy
Does anyone have experience closing without a certificate of occupancy / CCC in Newark New Jersey? I've been told that it can't be done and I've also been told that it can be done, but with a fine. I had a temporary ...
Khaled El Dorry
Asset protection methods
Good day BP - how have most of you gone about legally protecting your assets from lawsuits and liabilities? My research lead me to trusts/LLC combos in Nevada as the “standard” way but before I plunge in I would like...
Quintin Johnson
Any Good Contractors in Columbus, Ohio?
I just need a standard flip on a property I just purchased. Kitchen, bathrooms, paint, roofing, everything from A-Z. Looking to get started ASAP.
Trevor Flota
LTR in Branson, MO
Hello Everybody! I own several STR properties in Branson, MO (currently have 60 doors) and a STR property management company. I am interested in buying a few apartment/condo type units and listing them as LTR instead ...