Eric Teran
What is my percentage in building new multifamily with a partner
BP,I'm an Architect. I'm good at that. I get permits fast and have nice designs. One of my clients is a developer and is good at finding properties and running the numbers (not good at that). I like that he is conserv...
Paul Cijunelis
S-corp vs LLC in Illinois
From a tax perspective, after consulting a CPA friend, these are pretty much the same. At this point I want to start up and incorporate but am unsure the legal differences.
I am forming a partnership (two people me a...
John Moore
Beware of "Pleasant Renovations" and Bob Gonzalez
I just read Chad Clantons post about Bob Gonazalez in San Antonio and wanted to echo his hairy experience with Bob and give some clarification as to what was happening so that people can spot this in their own invest...
Barry Schwartz
FORECLOSE HAS HAPPENING IN SUFFOLK COUNTY NY
A former employee and still a friend has screwed up big time. His last mortgage payment was made in 2009. At that time he owed only $57,000. The house was worth about $200k if not more. I told him not to worry the fi...
AC Cooley
Using SD IRA to purchasing houses and selling using owner financing
Hi,
I was wondering is there anyone with experience purchasing houses using an self directed IRA and creating a note by selling that house using owner financing? If so, are there any extra steps needed to comply with...
Account Closed
The Most Landlord Friendly States
According to http://capstonecapitalusa.com/the-most-friendly-8-... - the order is:TX, IN, CO, AZ, FL, KY, GA, MSI choose to not do rentals but based upon my dealings in TX, I'd say this state is pretty friendly to pro...
Erin Abernethy
Attorneys to close sub-to, contract assignments, seller finance deals, etc.
Met with an Asheville, NC attorney today to establish a potential relationship for future closings. When we mentioned the various types of transactions we might be bringing, this attorney proceeded to condescend to m...
John C S.
Help with house closing
Hi all I have a question for a friend of mine. They are trying to buy this same house for about 6 months now. Every time there is a closing date scheduled there always seems to be an issue. The latest issue is now the...
Julie Verardi
When to form an LLC?
Hi, I currently have two properties in Jersey City that I rent out and am working on getting my third. When would be a good time to start an LLC and switch the other two properties over? I currently have umbrella insu...
Bryce Bowers
Please Read: Subject To and Lease Option Together?
I'm interested to see how this discussion goes.Iv'e been doing some digging but can't seem to find the answer. This question might sound like a yes but is there anything keeping me from doing it? So basically if i'm u...