ok my farther have a paid for home in New Orleans east. It's paid for but he has little to no money to pay for the finishing touches it needs. He is a construction worker so he's fixing it himself he's talented but...
Hi All!I was just wondering when evaluating single family homes for investment prospects, what percentage do you typically use for repairs and cap ex? Just wanting to see some percentages others typically use when ev...
Good evening everyone, I just have a question about my LLC. What the personal liability of the LLC are, for persons not contributing to the LLC; none right? Even those these people contribute "sweat equity, bu...
Hello,I know that partnerships are common and most investors count a "door" even if they own 50%, 25% etc. However, those of you who participate in crowd funding sites...do you count those as "doors" as well? Meaning,...
How do you pay your GC? Do you pay a downpayment? What percentage of the total cost do you pay and how many draws do you use?Thank you!
What is the rule of thumb for calculating Closing Costs for analyzing a SFH. Do you have a certain percentage? I would like to be conservative with this number so I'm covered in a deal.
Hello, I've heard of experienced investors say only farm one area until you are a expert. Honestly, there isn't enough deals in a "farm" area to do deal where I can flip it and make a profit; so I go to other areas, ...
I brought some land in ohio 2 years ago for 15k and now someone want's to buy it for 25k. i have 2 question. do i pay the capital gain tax in the state where the asset is located. how much do i have to pay in taxes i...
HOW TO TAKE MONEY OUT OF S CORPORATION AND INVEST IT IN THE REAL ESTATE BY OPENING A NEW LLC.
hello everyone! I'm currently looking to purchase a 6 unit property in Chicago IL. I have a couple folks who want to invest and essentially put enough money in to pay for the down payment + closings costs. They would ...