Matthew Louks
Contract for Deed on flip
I've found a deal I like. FSBO property for 49k. 10k down gets me keys. 15k reno. 110k arv. I love the cash on cash return on this deal. The only problem I have is that the owner wants to sell on contract for deed thr...
E. Jacobs
Receiving Assignment Fee
Can someone please explain how exactly the fee is received? Does it go on the hud closing form? Can you collect it upfront? When you sign the assignment of contract, do you give the investor a copy of the purchase con...
Brad Hasseler
Down payment cash or heloc?
I would like your opinion. If you have 20k cash and 30k in a HELOC what would you use for a downpayment?My thought is pay the downpayment with the HELOC and keep the cash as a reserve for needed repairs.
Michael Mahmud
How does my VA Loan in NYC affect me when I PCS.
I will be PCSing to NYC for 24 months(2 yrs) and intend to buy a house during this period and rent it out after my mission there for residual income. Currently I have been preapproved for $400k. My question is, how do...
William Bentley
New investor: LLC and Lawyer Question
I've purchased my first investment home, which is currently under my name. I would like to transfer it into a LLC, which I've been recommended to do by several. What's the process? I also hear advice on keeping a lawy...
Jackie Lambert
30-day rental ... cleaning question
Hi there... my husband and I have only done LTR for five years. We're doing an upstairs as a (sort of) 30-day rental. The city denied us nightly rental due to so many in the area. So we're doing 30-day stays and up, f...
Jazmine Menders
How Do I structure my STR business to qualify for as many Tax write Offs as possibl?
Hi All,
I recently just started a Real Estate business specializing in short term rentals in South Florida. I am registered in my state as an LLC. I want to structure the business so that I can write off as much as p...
Trey Knight
HELOC on Owner Finance??
We have a property that is owner financed. We own the house, original owner owns the note. 3.5% on 15 yr no MIP. I would like to keep the existing loan and not refi. I've reached out to a couple of banks about do...
Frank Inman
Need help deciding what I should do with my property.
A little history, I bought this duplex in July for 57,500. One side rents for 1100 and my other side rents for 1050. However, the 1050 side is about to be vacant and I was just offered 50,000 in a rent to own on that ...
Kelli Washington
Team Work Makes The Dream Work
When starting out how important is it to build a team ? Do you think a person can go it alone in this industry and survive ? Well I think it is super important to surround yourself with a team of people that have the ...