Andre Gardner
value of property
Asking price $107.000AVR $135.000 X .70 = $94.500 - 7.000 =87.5000ERC $7.000Value $87.500Tax assessed value $102.000Which value do you go by and is a offer of $80.000 good?
Adam Tetrick
Structuring Corporation for House Flipping
My friends and I have started a REI partnership and want flip a couple houses to start out. I currently have a C Corp in my name, what the best way to structure this Corp for tax purposes?
Thomas Santella
How does SRRR Work? - Where does the rehabber get paid back if using OPM?
Sub to or Seller Finance - Rehab - Rent - Repeat : Whenever I hear Pace talk about this method he leaves out the "refinance" piece. I don't know if that is by mistake or on purpose, but where does the rehabber get the...
Ryan Dossey
Should I put my personal residence inside my llc?
Within the next few months I will be purchasing a 4plex to owner occupy. My business partner and I have 2 properties in our llc currently. The pros would be cheaper insurance and anonymity from my tenants. What would ...
Arn S.
LLC outside protection
My wife and raise and sell cattle and started an LLC partnership in GA a couple of years ago with Operating agreement and annual meeting minutes, and all that is required. We also had an attorney draw up a Quit Claim ...
Roy C.
LLC: Sole member vs. Partnership
I currently have a partnership LLC with my wife. This LLC's sole purpose is to have investment properties title under its name for liability protection. Few days ago, I was on the phone with my CPA, and he was recomme...
Puri Thon
Advice for First-Time Homebuyers Considering a Multi-Family Rental Property
Hello everyone! I'm a newcomer and I'm seeking your opinions and advice. Currently, my boyfriend and I live in New York City, but we have plans to move to upstate New York within the next 1-2 years. Our goal is to pur...
Jin Kim
my own SFR first or multi home for investing first?
If you are planning to buy both and are able to by both, what should I get first? My own home? or multi home for investing? when we know SF bay area appreciation is so high, it's not good to live on rent.
Ryan M.
LLC vs holding in own name
I have 2 residential properties but was told by lenders that if I wanted to put them in my LLC that that would be considered a commercial loan and not eligible for 30yr terms at current mortgage rates?
So the...
Kevin Howard
Is it smart to cashout refinance just to do so?
Hello BP,I'm considering refinancing my rental properties and was curious if anyone had any input on the situation...I own a vacation rental free and clear which is worth about $500k and brings in roughly $10k a month...