Bryan N.
50% rule threshold
I have read up a lot on the 50%, but I can't seem to find a threshold. Is there a correlation on price and the rule? So, a $150K quad is 50% expenses but a $300K quad may be 60% expenses.
Princess Anujulu
Wholesaling
how many assignment contracts do you generally use to close a deal? Is there a separate contract between the wholesaler and the seller as well as the wholesaler and the buyer?
Gena Gonzales
REO pre-listing
how do I go about finding a reo agent that will allow me to view pre-foreclosure listing before it hits the Mls? I have the funds to close, all cash deals. Thanks in advance.
Ayana Mingo
Wholesaling a property with back taxes
I would like to wholesale a property but it has a $16k in back taxes and needs $20k in repairs. Most I would offer for the property is $10k- $15k. The repairs is normal for a distressed property but taking care of the...
Dominique Long
Obtaining a LLC for rental properties
Hello! I’m looking for information on obtaining a LLC for my rental property. I currently own 1, 3 family and planning on buying another in the upcoming months. I want to obtain a LLC so I can start using business cr...
Joshua Powell
How do banks look at rental income on tax returns?
Hi everyone! Right now I'm in the process of getting preapproved for my second house hack. Currently live in a side by side duplex I purchased in September of 2019 where I get $1195 on one side and $450 per each bedro...
Justin Price
Northern Va/Stafford Real Estate investor CPA References
I’m looking to buy and house hack my first small multi family property in the beginning of 2021. I have a fund of $10k+ and I am trying to decide if I should pay off my student loans completely or invest this money in...
Alec Hilliard
Married To a RE Agent? Should It Effect Investing????
Hey there!
My wife is currently studying to get her RE license. Her brokerage is telling her she shouldn't get her license since I (her husband), invest in real estate due to liabilities and law suits???
Is thi...
Brandon Fischer
tax consequences with inheriting income properties
Hi everyone, I hope this is the right place for this question, I found a few posts somewhat similar but I'm still a little unsure. I recently started a RE holding LLC with my brother because my grandmother is giving...
Delbert Standifer
Home warranty vs repairs and maintenance
I’m confused about getting home warranty. If I purchase a home warranty does that offset putting money away monthly for repairs and maintenance or get both. If so it eats into the cash flow