Michael Krassos
Help Me Take Next Step
Hi all, I am new to real estate investing and have been educating myself for the last 2-3 months. I feel ready to take the next step but want to confirm what my next steps should be.
I will start with a buy and hold...
Sofia De Santos
How to qualify for the pass-through tax deduction
Hello! My husband and I are about to rent out our first single family home (which we currently live in), and was hoping to get some help here. We just created our LLC to help get the pass through deduction next year (...
John Rickgarn
Solo 401k suggestions
Somewhat off topic but I am looking to transfer my IRA into a solo 401k for better investments and use the borrowing aspect. I have researched and narrowed down to Equity Trust Company and Specialized IRA services bit...
Kishore P.
JV, SDIRA, UBTI, IRS, Partnership Contract, Legal Entity
Hello All:My partner (Realtor) and I plan to get into a 50-50 % partnership by pooling our individual financial resources to invest as equal partners in a Residential Rental Duplex. Background about JV:Acquisition Pri...
Just Don
Paying a sub-contractor in cash
I have a guy wants to be paid cash off the books on a job he is doing for me. Is this a problem for 'ME' ?? Whats the pitfalls of doing THAT??
Stuart Paul Gibbs
1031 exchange, rent to equity possibility?
Parents would like to do a 1031 exchange to a new house for their daughter and son-in-law to live in. Daughter and Husband would pay market rent, but are hoping to be actually be building equity in order to take owner...
Nicolas Beck
Homeowner association - access to accounting
Hi Guys,Quick question: A condo association manager has been very reluctant in giving me access to the accounting of the association. This plus the fact that the building is in a rather poor state leads me to believe ...
Adam K.
Appraisal fees - way higher than GFE
I am purchasing a split level duplex. Its a bank owned foreclosure. My good faith estimate (GFE) appraisal fee was $450. I just got my settlement statement (HUD-1) today and the appraisal fee is listed at $635! But it...
Jerrold Stallworth
circumstances where lenders OK short sale for investment property
Hi all,
I looked throughout this forum for an answer but did not find one.
An associate of my has an investment property he desperately wants to sell. The property is comp'd at about $125K but he owes about $180K....
Travis Moe
Advice on Wholetailing Deal Structure
I have my first, legitimately strong lead after months of driving for dollars and I'm seeking ideas on how to structure an offer. There isn't a lot of value-add opportunity, but the seller is motivated. I'll try to be...