Todd Michaels
Buying a duplex with current tenants that will leave in 2 weeks...
Hello,I am set to close on a duplex on June 16 with one vacant unit and one unit on a month-to-month lease. We want to move back the closing date to June 30th at which time the tenants will be moving out, waiting to ...
Ryan Eisenhauer
Taxes On Funding Deals
When funding a deal with a private lender. Do you have to pay taxes when you receive the funds? If not why not?Examples: If I have a an investment opportunity that will have an all in investment of 250k and I eitherA....
Chris Serger
Need help figuring out yield based on IRR
I'm an REI newbie and have been talking to several MF syndicators and have learned they mostly use IRR when promoting their offerings. I get conceptually how IRR differs from ROI, and I'm good with Excel and know how ...
Beau Miller
Corporate Structuring
Hi Everyone! This is a tax/legal mix question. I'm curious as to what type of corporate structure(s) BP members are using when working with Private Investors of short term (Less than six months) residential home fli...
Kathlyn Lewis
Mortgage late vs. mortgage due
Hello!
Thought some of our lending-savvy peeps here might have some insight on this.
I noticed on my mortgage statements that the mortgage is due on the 1st but isn't late until the 16th! That's a real...
Penny Peng
Preferred equity or common equity in a syndication
Hi,I’m starting out to look for investment opportunities in real estate syndications. Some funds offer preferred equity and common equity in the capital stack. What are the pros and cons of each option and in what sce...
Shubham Aggarwal
Question on deposits from cash buyer
When assigning a contract to a cash buyer, I assume the cash buyer will put up a deposit. I have a few questions about this process. Let me illustrate an example:
I (the wholesaler) go under contract for a property a...
Steve Legnaioli
Rent paid Dec.31 for Jan. Goes on what years taxes
If a renter deposits rent on December 31 to cover rent for January of next year, what year’s taxes will the money land on ?
Daniel Cardona
Seller Financing - What taxes do I pay as a seller and when?
Example: All in costs on a house $60k, sell for $100k (10k down and $90k seller financed @ 10% for 30 years). I would like to know what taxes are owed and if they are immediate or paid as the monthly payments come in...
Katey Shea
How to Determine rating of a neighborhood ex A, B, C
Hi! I am fairly new to investing and see posts about ratings for a neighborhood like A, B, C etc. How do you determine what neighborhoods fall into which rating? Is this based on rent, price point, or something else? ...