Steve Matrix
Purchasing Willed Home Without Probate
Hello,
I will make this as short as I can. Eleven years ago, my dear and beloved parents helped me out tremendously by purchasing a home in which I've lived for just over 11 years now. I had a horrendous business pa...
Brennan Doherty
Possible to use someone else's HELOC as private money?
Hi everyone,I'm currently trying to figure out different ways to finance my first deals, and private money seems to be a great option. However, due to the fact that I'm just starting out, I don't exactly have an exten...
Guy Yoes
Co-mingling funds: do's and dont's
I set up a parent LLC (not a series) for my properties (each have a LLC). I have a separate acct for each door. Each account has a checking and savings. the savings is for deposit escrow. If I move my rental income to...
David Lee
Possible to add co-borrower to 1031?
Hi,My parents own a rental property that is paid off and they are thinking of selling it. However, I'm not sure if 1031 is possible or better.Option 1: they lived there as primary residence for 9 years, then rented it...
Camron Cottam
Help financing my first deal as a college student
I am in a little bit of a puzzle and not sure how to put the pieces together, but I'm sure there's got to be a way to make buying my first deal work.My situation is that I'm currently a college student. I wait tables ...
Todd Willhoite
Solo 401k unavailable if have any business with employees?
I have a business with no employees for which I want to establish a solo 401k. I have another unrelated business with one full time employee. My wife has a business with four full time employees. Under the Controll...
Kendall Vrana
Could use some advice on LLC
Hi, all! @Raymond Northcutt and I are looking into beginning an LLC, and we have more than a couple questions. We've started doing our own research, but have a lot to learn and were looking for some help. Ray just clo...
Danny Lee
Should I purchase my first home or keep renting?
Hello everyone just reaching out for some advice. So I am 27 been taking care of my parents and family since 18. Been renting my whole life till I came about real estate. Recently just purchased a business and now I’m...
Chuck Toney
Family Rental Property Purchase or Donate?
My parents are looking to donate or sell a rental property to me and my sister and I’m trying to figure out which would be best. I plan on taking out a loan on the property (which is paid off) in order pay down debt a...
Minh Lai
Normal Vs. Land Lord Insurance
Normal Insurance vs. Land Lord InsuranceWhat is the difference and is it needed? I got some quotes and they're roughly the same (land lord was cheaper by $29/month but less coverage). My parents own the property but I...