Jack B.
Closing costs are 8% of the half a million I'd be cash out refi
My long time broker's fees were 20K per property or 80K. So I went to Aimloan, who originally quoted me 5K per property or 20K total for the four. Now I get the disclosures and they are 10K each, basically 40K or 8%...
Clayton Baughman
Screening Existing Tenants Before a Purchase
Hello BP!I am new to REI, and am close to writing an offer on my second multifamily property. The tenants are on 12 month leases that just started one month ago for one group and ~4 months ago for the other group. Bei...
Scott P.
Far Eastside Indianapolis Extremely High Eviction rates
Hi There seems be an extremely high number of eviction filings from rental applicants in this particular area.....It doesn't have anything to do with the rental house nor the rental amount. Does anyone own rentals i...
Blaine Moore
Where should I file my LLC?
Hello everybody!
Can someone please help me decide where to file my LLC, I'm a bit unsure the advantages and disadvantages. I live in Arizona, but I invest in Real Estate in Ohio. Which state? and does it really matt...
Brent Watson
Attorney vs CPA - difference?
Hey guys,
Sorry for my ignorance, but after reading a bit, I still don't understand what a real estate attorney does compared to a "real estate investing-focused" CPA.
Can someone shed some light on the...
David Jones
Mobile Home Inspection Prior to Purchase
Hello, Everyone. I am focusing my real estate investment efforts on purchasing, rehabbing and selling mobile homes in the Charleston, SC area and would like to know if there is a standardized checklist for inspecting...
Zach Gordon
NC Property Manager isn't paying Landlord rent collected
I am a out of state owner and had a very bad property manager in NC that has since been replaced for a small 4 unit building. They didn't collect rent timely, didn't charge for late payments, didn't evict non-paying t...
Joe Wood
Section 179 on passenger vehicle
Hey everyone,Stumbled across section 179 while looking for ways to increase my deductions. Anyone familiar with this? My wife and I bought a Ford Edge which is in our names, not the LLC. Will we be able to expense par...
Matt Liu
Increasing stated income to qualify...
So admittedly I have some flexibility with how I file taxes since my income comes from my sole proprietorship (music teaching). I'm planning on stating around $25,000 in income this year (a lot for me) in order to hel...
Brandon Sturgill
Care to Share Your Residential Lease?...
I am looking for a good plain language but sufficient residential lease for a SFR...if you would be willing to share, it would be much appreciated. Feel free to shoot me a colleague request or PM.Thanks!