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If I come across a probate lead in my wholesaling ventures how would I approach this scenario? Is it more difficult to execute a deal with a property in probate or are there steps that I can take to make the process s...
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Not sure how to proceed due to being a Canadian investing in the US.How do I find the market comps for my deal proposals to my lenders? Is Zillow reliable?How do I find market rents in certain areas to analyze my deals?
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Hi everyone! I want to form an LLC for my new wholesaling business and want to open up a bank account for it. My question is, my credit isn't great right now, and I know that banks are suddenly choosy about who they w...
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Hello all. Quick question for anyone with an opinion out there. I'm currently circling a deal to purchase a property for a rental that already has a renter that's been there for 3 years. When I went by to look at t...
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I have a cilent who's credit score is 500, owns a successful business. He have a nice sum to put down on a house in the $700,000-$800,000 range, wants to use a family relative for the mortgage; because the family rela...
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Hello, I have an issue with a tenant, and I am new to managing properties, so I could use a little advice. I recently rented a newly rehabbed home in a nice area here in Iowa for $1400/mo. The house is in nice shape...
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If I buy a property in December, will I be able to claim the full depreciation on it for that year? Is there a timetable on how long I have to own it in order to claim this tax advantage?Thanks
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I am looking for more information about doing business with partners. Is it best to set up a separate llc for each of us and have the llc's go into a deal together or do we set up an llc with both our names on it? I ...
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I have been reading a lot of llc threads and I have a general question and a couple of specific questions. I have been reading about the need to separate my stuff from the llc stuff. I have caught bits and pieces o...
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I am doing a 1031 on the sale of a property that has been depreciated down to nothing (it's a condo). I own it free and clear. I would like to have the cash - but not the tax bill. I am thinking that if I buy a ren...