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I recently finished a small cash deal and received my closing documents including the HUD statement and the warranty deed. I am talking to a property manager and a utilities company, and both want to see the HUD d...
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Looking to understand all my tax responsibilities when I complete 3 FLIPS this upcoming year. 2020 year. Someone link me... or drop a name thanks
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Do most banks take into account future rental income or at least 75% of it when adjusting the debt to income ratio?
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I have a private money partner I'm using for some deals. I was reading in J Scott's Flipping book that you have to have all the funds in your name when making an offer or it's not really considered a "cash offer."Is t...
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I have friends interested in joining the REI ride. They want to come onboard as investors/partners. Should I open new LLC with them as partners? I will have bit of my funds and will be doing all the work (finding prop...
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Hello!The wife and I purchased a home in Feb of 2020.We formed an LLC in September. We haven't set up an account yet but when we do, we are thinking of bringing on some members so we can fill that account with some ca...
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I'm absolutely brand new to real estate investing. I'm wanting to invest in flipping and building a portfolio of multi-family rentals. I am also looking into investing in hard money lenders. I am currently openin...
I made a post a few months ago asking for advice on how to fund my first rental. Since then I have refinanced my personal mortgage to a conventional loan instead of an FHA loan. Now that I have a conventional loan I c...
I'm renting a commercial loft with two other co-tenants. We all have separate leases with the landlord. Under the other two tenants' leases, they are to pay me utilities. They each gave me a deposit. One of the tenant...
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I've filed my articles of organization with the secretary of state. What would the next step be? Opening a bank account with my ein? Is there still more filling to do for my llc?