Joel Oh
Write off luxury car under STRs?
Hey guys, thinking about purchasing a car this year and wondering if it is possible to write off a luxury car for their STR expenses.My tax advisor said that I will need to prove this car was used for the business.I k...
Matt Miller
How do you involve your kids in your real estate business?
The subject line sums up what I am asking. A little background on why I am asking:I have two girls and they are likely a little to young to jump in and help, but I want to collect some ideas to get them started as th...
Benson Chi
Advice on how to dissuade someone from purchasing a property?
BP,A person I will name, Bob, once lived in Hawaii and wants to purchase a Hawaiian property for the sole purpose of having a vacation home for his family and extended family. In most situations, this is a thoughtful ...
Ryan S.
Do I need a JOB to get a loan? Full time flipper no profession.
So I am trying to get a traditional loan to be able to flip more houses because my bottleneck is funds right now. I know that I can go the investor route but my question to everyone is "will a bank give me a loan"?I ...
Debbie Tringale
How do I make a profit?
By the time I pay all the taxes, insurance and interest on loans; I barely make any money. I would like to get help but lawyers and accountants take another bite out of my income. I am generating good income from my ...
Jason Schmidt
Please convince this 27 yo that real estate is worth it!
Hi All! A background of myself - I have 50k in the bank (varies from month to month of course!) After taxes and such, I would say I net around 80k a year. I am putting 2k a month extra on our house to pay it off in...
Jon Sheffield
Splurging Bad or Good?
This is a question I have always thought about, but never really asked. I understand that the focus is learning the trade and understanding why you do what you do. I am asking this question to hear stories from establ...
Mike F.
Bank asking what i'm doing with the funds?
I'm doing a cash out refi and the bank is asking me, "what am I doing with the funds', what is the right/wrong answer to this question?Obviously, they have never heard of BRRRR method. thanks in advance for any insight.
Stacy McElroy
Funding for Storage Units
Has anyone used a Private Money Lender for the down payment on a storage unit business? I'm wanting to get into the business, but I'm short on funds. Any other ideas on financing the purchase would be greatly apprec...
Gary Bonds
Funding From A Bank
Any best practices when attempting to secure business funding from a bank, in the form of a loan or credit? When they ask the nature of my business, do I advise that I'm a real estate investor? Being that my business ...