Olivia Dansereau
Loaning private money notes in a Solo 401k
If my solo 401k lends private/hard money to an investor, am I able to charge a percentage of the profits as well as interest? In my state the interest rate is capped at 12%. Also, what about up front fees? I can't see...
Ken Smith
Starting with hard money loans
Has anyone started there real estate business with hard money loans? I’m new to real estate and looking to transition into it full time. I’ve been doing a lot of research. Just want to know the pros and cons
Jim Sestito
Hard Money Lender says I need an LLC
Hi Guys,I have a property I am trying to acquire through a hard money loan.The company - who I got off the biggerpockets hard money link RCN Capital - was very helpful but did mention I would need an LLC in place in o...
Liz C.
Does make any difference as investor where you live? Tax purpose
Hi all,
I have choice of move to Las Vegas or New York or California.
I own two LLC , for tax purposes which is the best state to live? I know califronia will charge a lot fee for owning LLC.
Why about Las Vegas or...
Libby Tucker
Structuring LLC and upside with multiple parties
I'm looking to nail down a good deal structure for my situation. After a ton of research it seems that it just comes down to a case by case basis. So, here's my case:I have a co-living business. I'm looking for pro...
Clint Cook
Property Managment Fees for Vacation Rentals
I'm a newbie, who is looking to start with a buy and hold of vacation rentals. Being my first time, I've got a ton of things to figure out. One of them is property management fees. Property management fees seems ...
David Weintraub
Lenders Should Charge Up-front Fee
I have often read people post things like, "Lenders shouldn't charge upfront fees...if they do, RUN!" And for a period of time I seemed to agree with this. I have to say, I no longer do. Full disclosure, I work with...
Bob Jones
A question about referral fees.
I've heard that its a good idea to offer $100 referral fees for leads. But, there's something I'm not sure I understand. If I'm given a bad lead, should I still pay the referral fee? I'm worried about the possibility ...
Duke Giordano
Typical Sponsor or GP Fee and example structures.
Hello All,What are some typical Sponsor or GP Fee structure, how is it broken down, and what are some example structures? Just trying to get an idea of what to look for and whats fair. I realize they obviously bring...
Ayodeji Kuponiyi
Rejecting Prospect Tenant (Non Refundable Application Fee)
Should my rejection letter read something like this:We're sorry to let you know that the property at [address] is no longer available. At this time we've rented this property to other applicants. Thank you.Do I need t...