Westin Hudnall
Purchasing in cash ; immediately getting an adjustable rate loan; then refi'ing that loan down the line
hello geniuses :I have been purchasing buy and hold properties with a line of credit then immediately after rehab get a cash out refi for 75% of the appraisal value. The loan is an adjustable rate loan which is fine t...
Michelle Opal Mills
You can now have 3 units on a single family lot in California!!
So I just learned in California you can now build up to 3 units on a single lot. Thoughts?
http://www.ocregister.com/the-...
Up to to units can be added no more than 1200 sq ft or 50% of the primary. Cannot be so...
Cedric Washington
Assets Protection/Insurance/Attorneys
I have been an agent for 8 years, Broker for 3, Investor for 3 yearsMy new business partner and I currently own two rentals and have completed 3 flips for 2015-2016. I have been trying to figure out the best way to ...
Lamont Cranston
Oddball question, who owns the troubled property?
This will be a long story so get a cup of coffee. A house in my neighbor hood, was owned by an80+ year old lady, she lived in it with her 55+ year old son and the grandson. The last two were drug addicts. Mamma died i...
Kumar Raja
For LLC hiring employees on w2 vs 1099
Hi Experts
I just started a IT consulting firm.
I am hiring an employee to work for me but I want to pay him a fixed salary every month and I don’t want to pay medical, 401k etc
So is it ok to hire him on W2? Since...
Ron Brady
Black couple’s home appraises for $500K more when white pal poses as owner
https://nypost.com/2023/03/08/...
Black family sued appraiser in Marin, CA matter. From the article, "The case has now been settled out of court, with appraiser agreeing to pay an undisclosed sum of money to the coup...
Account Closed
Hard Money pts considered part of closing costs or separate?
Hi folks,
Hopefully a simple question.
I talked to a private lender recently and asked what typical closing costs were. I was told $5-6k, which didn't shock me too much.
Later in the conversation I asked what the...
Craig Fairfield
Series LLC + Insurance Coverage
Need some perspective on insurance coverage as I'm unsure of the advice I'm getting from my insurance agent and lawyer.We currently have 4 properties in their own respective LLC rolling up to a parent LLC. This is in...
Phil Shelton
(refinance) hard money lender vs conviental for investment 30 year fixed
do you guys think that the rates that hard money lenders that provide rental loans are so close to what conviental banks offer that HML are easier to refinance with?
DA Nguyen
Borrow to invest in crowdfunding REI - interest deductible?
I'm looking to withdraw a small amount out of my HELOC to invest in a few crowdfunding deals. I believe income from crowdfunding deals (regardless of whether it's debt, preferred equity or equity) is considered passiv...