Account Closed
Business purpose loan becomes consumer loan
If I lend to a rehabber's LLC for the purpose of a fix and flip, this is truly a business purpose loan, at that point. What if the rehabber after the rehab sells subject-to my existing loan to a owner occupant, do...
Steven Sun
Tenant purposely delaying court. NYC holdover.
Hey everyone, I am a landlord from New York City and am experiencing a terrible time in a holdover case. The tenant had delayed court 3 times because she claim she was pregnant and had a c-section. She was able to obt...
Daniel Dos Anjos
Seller/Builder Delaying Construction on Purpose
Hi,I signed a Real Estate Purchase Agreement for a property that currently under construction. The seller/builder delayed the construction for 8 months and now he wants to raise prices claiming that homes have appreci...
Mariah Jeffery
Becoming RE Professional for Tax Purposes
All,My husband and I own 28 rent units in another state. I co-manager these with my father-in-law. He is local and does showings and maintenance, and sends apps to me for processing. I do the advertising, and have to ...
John R.
Starting an LLC for evaluation purposes
Hi Everyone,
Fist off I'd like to say that I haven't talked to a CPA or lawyer about any of this yet. Can I start a corporation (LLC etc..) for the sole purpose of evaluating rental properties? I would like to get so...
Ryan Teskey
Contractor signs paper for tax purposes
I am about to get my 1903 house rewired and I heard from branden that there is a paper you should have your contractors sign for tax purposes. But for the life of me I can't remember the name of it. Can anyone on here...
Melody Gerig
Owner Occupy Address for Tax purposes
I just recently bought a duplex and I am going to be living in the upper unit as an owner occupy. The problem I am running into is that the Upper and the Lower units have two very separate addresses, separate street n...
Jim Angers
Dealer or Investor for tax purposes?
I'm beginning to explore getting into the house flipping business. I have a full time job and this is not my primary source of income. I have a friend who does this on a regular basis and to 'get my feet wet', I par...
Joshua Davis
Types of Loans and thier purpose.
Hello everyone,What types of loans are available to a beginner? Can I have more than one type? Can i have multiple of the same type? What are the types to start investing ASAP? Does having no money prevent me from som...
Guillaume Jean Andre Palomba
Investing in Cleveland for renting purposes
Hello everyone,
short introduction: i am a French citizen ,37, currently working in China, looking to do a first real estate investment. (pardon in advance for any language mistakes)
After collecting informations , ...