Aaron Friberg
How to Structure a Promote from a Tax Perspective
Hi all. We are doing our first flip where we are partnering with other investors. We've established an LLC. We found the deal and are managing the construction so the business deal is we take 25% of the profits off th...
Cheri K Stephens
Would you "charge" a building?
I CAN purchase a building I am looking at on credit cards via cash advances. No interest for 9 months then interest w/ a 2% minimum payment. I can evict the tenants, remodel and re-rent within the 9 months then star...
Jameson Dixon
House hack and repairs
Hello! I recently bought a 3bed/1.5 bath in the Chicago area suburbs. I'm planning to rent out one room and airbnb the other. I will need to do some repairs so I'm curious what are some creative ways to finance some o...
Mai Giang Dieu
Introduction
Hi everyone. My name is Mai and I am from Richmond, VA. I am currently working full time for a federal government agency. I am such a newbie in this real estate business so I don't really know where to start. I've ...
Joanna Mendoza
Pay off Mortgage?
Asking for a friend. He is 54 years old and inherited approximately $550k net of taxes. The balance of his home mortgage is $550k with 6.5% APR. Would like to know which one you would choose and why(goal is to earn ...
Peter Chan
What are some of the benefits I will miss out by paying cash as a 1st time homebuyer?
I will need to find a small place for myself and rent out additional room if necessary. Taking out a mortgage may not be easy since I don't currently have a 9-5 job. Plus, the mortgage rate is still high and I am not ...
Anthony Colachicco
Selling primary residence and using equity
Looking to sell my primary residence soon and will have approx. $150k in equity after closing costs, etc. Wanting to get into investing instead of putting all $150k into my next primary residence. My thoughts have bee...
Deborah Wodell
For Experienced Investors: Lessons from Your First Fix & Flip?
I’ve had experience with real estate investing in the past, but now I’m planning to dive into fix & flip projects. Even though I know the numbers well from my previous experience, I’m sure there are some unique ch...
Marquise Crampton
Purchasing using credit cards
I've herd about a technique for getting together funds by opening several credit cards and getting line increases until you have enough to purchase a property, then refinancing out. Sound like a good idea or bad. Has ...
Andrey Y.
Favorite credit card
Thought it would be fun to see what credit card you guys like for your real estate business. I am not a flipper, I am only looking for a card to use solely for my RE business expenses (buy and hold), nothing else. Boo...