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I contacted a person claiming to be a private lender off a local real estate Facebook page and asked for references after I asked some questions and he replied back with a standard “canned” email response. I asked for...
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Im about to close on my first multi unit at the end of next month. I will be doing my own Property management at a rate of 7%. What is the best way to do this? Create company in my name ? Just claim the income on pe...
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Hello,I have a unique scenario where 3 people are involved in acquiring a property, just looking for the best way to go about it that satisfies all three parties.Person 1: Bad credit, Mid-40s income, never owned and h...
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Another question in the what if category. I am curious to the details and differences between purchasing a rental property from someone who owns the property through a LLC or just buying the LLC. What tax or other iss...
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Is it wise if I have a property under contract before I have an established title company? Some people suggest that I have a purchase & sale agreement, and a contract with a cash buyer. Some people suggest going t...
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I used a hard money loan to purchase a home, rehab, and sell a few years back under an LLC. I later decided to keep the home and refinanced out of the LLC into my personal name using conventional financing. A few mo...
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So I"m just learning about self directed IRA and it seems there's quite a few possibilities that is available if I can properly use this strategy to buy real estate. Here's a strategy that I've been kicking back and f...
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I live in WV and I just purchased my first rental property - a duplex in Florida. I would like to transfer this property from my personal name to my LLC. I have been assured by the lender that there will be no due o...
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I own a trucking company (semi trucks) and a few of them i have personally guaranteed and appear in my credit report. My question is, in Texas my Taxes are usually net negative due to the ability for depreciation on t...
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What is the best way to set up your properties? An LLC or Land Trust and what is the best way to get this set up? Also, how do you go about getting a loan for you next property? Do you apply with your own personal c...