Salvador G.
Year end tax preparation cost
My CPA is charging me $750 for my 1120s, form 8825 $1500, and form 4562 $3000. A total of $5250 for 12 properties. Is this what most of you guys pay? Right around $500 per property. At the end of the year I send him a...
Gary Freidman
Creative Ways To Increase The Purchase Price Paid
I am talking with a seller about buying a property. The seller is willing to give me a lower price but I was wondering if there were ways other people had used to keep the "purchase price" high for the purposes of get...
Miles B.
What does it mean to "get an attorney"
Hi all ... I've seen a lot of posts saying that it's essential to have an attorney on speed dial; or that you need to have an attorney lined up BEFORE the deal get's started; etc etc. While I agree with this, I havent...
Jeni Lu
Hire one general contractor or piece it out with multiple contractors?
I'm about to close on a house that I plan to rent out. It's a definite fixer upper (estimated renovations around $20K-25K). Should I look to hire 1 general contractor who can take care of all the repairs? Or should...
Bill Gulley
DODD-FRANK, UNDER THE GUN!
This is not a political thread! However, Dodd-Frank is under the gun with changes (pulling teeth) from the Act under the proposed government funding Bill.The attack seems to be where you'd expect it to be, provisions ...
Jim Kalish
Meeting with the potential seller
Hi friends. I'm getting ready to start reaching out to owners of distressed homes. One of the questions in the BP calculator is how much profit I want to make. Then it dawned on me. When meeting with a potential s...
Charles Hsieh
Regular LLC or Series LLC
Hi all, I have 9 properties (SFHs and duplexes) in KCMO, and 6 properties in KCKS (duplexes) all under my name or my wife's name. I'm planning to switch to an LLC this year:1. Do you have any recommendations on a loca...
Martin Saenz
How did you discover Note Investing?
How did you discover Note Investing? I’m so curious when I talk to fellow note investors about how they started in the business. Care to share how you found out about the note industry?
Carlos Rodriguez
New to US market
Hi Everyone, my name is Carlos I’m from Toronto, Canada. I’ve invested in property in Vancouver and Toronto but have recently decided to take the plunge into the US. Hoping to connect with fellow Canadians that have i...
Rick H.
DUE-ON-SALE-O-METER
Was just told today by a Chicago area attorney who works with a lot of investors that he has seen a sharp increase lately in banks calling notes due.Very curious if anyone else is seeing this.