Bruce Hatton Jr.
How to fund your first deal?
Hey everyone, So this is a quick and easy question with an difficult answer or maybe a easy answer from those with experience. With little to no experience in the real estate market my biggest question by far is, How ...
Robert Shelton
SDIRA ministerial services question
Hello all,
We have just funded my wife’s SDIRA and have been reading everything we can get our hands on. Just finished “Leverage your IRA” by Matthew Allen amongst others. Still not completely clear on UBIT and UDF...
David Ackerman
advice wanted on use of excess cash flow
Hi all. Here is my current situation
Property 1: A recently purchased SFH in Raleigh. I put 20% down and have a 4.62% mortgage on the other 80%. The property cash flows $200/month. I have $4,000 in reserves for v...
Eric K.
Mostly liquid, but no income.. Where do I start?
So...I planned on starting a business but it isn't working out as planned and thinking of pivoting to real estate. I was laid off Jan 1 and received a nice severance, I cashed in both my 401k and my pension (yeah, I k...
Jamie Farrah
Keep the condo or Sell it?
Good morning everyone,I would like some advice. I currently own a 2bed/2bath condo that I purchased back in 2011 for $95,000. I refinanced a couple of times and took money out to remodel the whole place. I now still o...
Jonathan Styer
Commercial and Residential - How would you finance this deal?
Hello All! I am looking for input for financing a package of properties that I have decided I am interested in pursuing. It is a package of 3 building on 2 parcels. On one parcel are two buildings, one is a SFH and th...
Matt Smith
Expense allowed for 1031
I am planning to see property A to buy property B using 1031 exchange.In order to get top dollars for property A, I need to do some home improvements (paint, carpet, etc.)Is it possible get money from the 1031 exchang...
Anthony Portugal
Investing with First-Time Homebuyer Program money
Hello,
I'm a newbie to investing, but have been doing much reading in this forum and would like to get started in REI.
I've recently applied for the First Time homebuyer down payment assistance program with a local...
Tom J.
LLC's and Bank Accounts for Property Management Company
Hi All,Currently I am a Property Management Company with 20 units that I manage. At years end I will be forming an LLC and creating new contracts with the owners under the newly formed LLC.My plan is to just have 1 LL...
Aaron Knoll
Recommendation for a good RE-savvy CPA in Salt Lake valley?
Can anyone recommend a good accountant? To make a long story short: I landlord for 5 years without realizing depreciation was non-optional. I'd like to file an IRS 3115 this year to try to recapture at least some of t...