Marco Morkous
LLC or not? What do y’all think?
For some reason most hard money lenders require having an LLC or business entity. What do you guys think about that? Up till now I haven’t felt the need to form an LLC because I haven’t even bought one investment prop...
Daniel Callahan
Any 1099 employees struggle getting financing?
Hey ya'll, So I recently got a job that's going to be paying 100% commission after my training is over. I've read a bit on how its harder to obtain financing as a 1099 employee vs a W2 and how lenders typically want t...
Samuel Eddinger
Have you ever had to deal with a fair housing violation claim?
To summarize this long post, it is a fair housing violation for landlords to actually be conscious of the source of income type when making a decision to rent a property but once it is rented, we better recognize imme...
Shannon Vinson
What do you look for in a property management company?
I am thinking about starting a property management business, and just wanted to get some opinions from the professionals who use them.What do you look for in a property management company?What about your current prope...
Broc Bellmore
Is Knox Financial the Real Deal?
Curious if anyone on the forum has had any issues with using Knox or know anyone who has used them? Call me old fashion but it feels like not everything can be done to professionally manage a property from Boston (Kno...
Eric Bailyn
Gifting Single Family Residence to Son: Any tax implications?
Hi Everyone!
My mother would like to gift her $850K house (100% owned; no loan) to my wife & me. At the same time, my wife & I would sell our $1.5M house ($1.4M is equity), and use the proceeds to 1) transfer...
Account Closed
Tax question LLC partnership C-Corp ALBERT AIELLO
Ok did any one purchase Albert Aiello's goldmine software. I attended his meeting a week ago and now that I am going to have my first rental I have a few questions regarding how to set up my LLC. He said to open an LL...
Jacob Olson
Where are the positive cash flowing properties in Las Vegas?
Hi, I've got no skin in the game and I'm trying to get my foot in the door on some investments in real estate before I decide to leave Las Vegas in 2 years. My goal is to obtain my first positive cash-flowing property...
Jack Brethauer
SC property tax strategy for out of state investor
Hi folks - South Carolina (Greenville, Spartanburg, Columbia, etc) looks like a great market for buy-and-hold rentals but the property taxes are prohibitive for out of state investors. By my research about 6% of as...
Stuart Udis
Don't let the cheerleaders drown out sound advice
One of the most common posts observed in the forums is "I just settled on my 3rd section 8 rental and have a goal of reaching XYZ doors in 3 years, 5 years etc". Many arrive at this strategy through paid mentorship, w...