Account Closed
Owner Contribution or Owner Draw account question
Thanks for taking the time to review in advance. I just wanted to get some clarity on proper protocol. On a partnership LLC, when you do a distribution , are you offsetting account for your owner contribution , ( so ...
Prashant Bagri
Options for getting LTV under 75% due to HELOC
Hi Folks - I am about the close my 2nd home in 10 days (The 2nd home will become my primary residence). I already have rental agreement in place to lease my existing home. Last night, the banker emailed me and said ...
Justin Cummings
BRRRR exit strategy or next steps?
Does anybody have an exit strategy for BRRRR setups?In the 2010s we did the BRRRR thing not even knowing that the acronym existed and now we're are in a good, but complicated situation.- The commercial mortgages (all ...
Hector Test
Can I report zero gain if I build a house, sell it and buy 2 lots
Hi all, I am buying a lot and building a house under an LLC. Let’s assume that the lot costs 50K, I spend 50K to build the house, and that I sell the house for 150K. Within the same year, let’s say I buy 2 more lots f...
Brian Ellis
When a listing agent won’t present an offer.
I’m not a rude, inconsiderate investor. But I’m practical and willing to do my research prior to presenting offers.
A run down cottage has been on the market for a year now, there have been three price decreases. 10...
Mikhail Pritsker
Underwriting Tricks: Mastering the Basics and Beyond
Dear friends,
In these challenging times, deepening our understanding of multifamily underwriting is crucial. As the foundation of real estate investment analysis, underwriting allows us to evaluate potential returns...
Alan E.
Would you put off retirement saving to buy real estate?
Im finding myself faced with the decision to reduce 401k deposits in favor of putting aside money for a down payment on a primary residence so i can get a house faster. I currently live in an apartment.What are your t...
Jill McCann
Advice on Loan options
I'm getting a divorce and acquired our property at settlement. I've refinanced my main house and an investment property and am out of ratio for refinancing the last property. I've contacted the lender to request a sim...
Joe Farruggio
Flip & Taxes - Capital Gains?
So I did my first flip. Worked out great. Bought it for $225k. Put another $125k in it. Sold for $450k. 6 Month time frame. Now... it's treated as a short term capital gain..... what can I offset it by? If I bought a ...
Matthew Sutton
Own outright vs loans?
I keep going back and forth with this. What's your advice on getting some rental properties for retirement income needed 30 years from now?
1. Buy the first $100K cash with no payments and start collecting $1,200 in...