Mike Lee
Mortgage from Parents
Hi All,I was hoping someone could help me out with the following question. I am in escrow and have talked it over with my parents to obtain a mortgage from them for my condo. Can someone point me to the right directi...
Steven Hamilton II
Correcting Tax Returns
I just spent several hours today correcting a few very incorrect tax returns prepared by CPAs who advertise their services here. In one cases this is going to cost the client a substantial amount of money. In the othe...
Parris Crockett
How did you face your fears ?
what was your hardest fear to face in the wake of becoming a real estate investor and how did you conquer it ? What brought that change from inside ?
Kyle Daniels
In Need of a Book keeper for 11 properties/14 doors
Looking for a book keeper who is well versed in investment real estate in Missouri. Series LLC in MO files as a C-Corp. We have 11 properties, 14 doors (8 SFR 3 Duplexes). Been keeping the books in Excel since creatio...
Steven Hamilton II
Ask your CPA...
Ask them when the last time they took a course in tax theory was. A CPA is not required to take any CE in taxation after they have their license... So please do your due diligence as well. I know some very good CPA ...
AJ Wong
The Virtue & Value of Preparation & Patience
If there is one thing I have learned in real estate investing it is that patience and preparation pay. In my own property investment career I can confidently advise myself and clients to take their time. Forcing a tra...
Vijay Jain
Lending to LLC where I am 25% partner
Hi Lending gurus,I am working on some remodeling project where we need 50K and I want to lend that money where I am also 25% partner.My questions: I think I can prepare a promissory note and get it notarized and get ...
Don Harris
What will happen if you get hit by the bus
What if you got hit by the bus todayWe know the two certainties: Death and Taxes. We prepare for one and pretend the other is never coming. For your family, it always comes too soon. What can you do to help prepare t...
Dave Olverson
Where Should Your CPA Be (Out of State Investing)?
When you are looking for a CPA or other tax professional to prepare your taxes for you, naturally you want someone who is well-versed in real estate investing.
However, if I am investing out of state, should ...
Ken Nyczaj
Newbie trying to structure seller finance deal
Structuring a seller finance deal on a small MF property. Curious what the consensus is for how it should be structured and pros vs cons of the below example:10% down and 4% interest only with balloon payment at 2 yea...