Hello,What is the legality for someone to become a private money broker.. Is that something that can even be done ?In my eyes what does that mean; 1; It is an individual or an LLC that has established relationships wi...
For tax filing, where would expenses associated with a wraparound mortgage be reported? On Schedule A? Some examples would be interest paid to the underlying lender, note processing fees etc.
Thanks,
Angie
We had an inspector come out to inspect our property and perform the sewer lateral inspection. General inspection was fine. The guy spent most of the time talking and bashing other companies but it went ok. Sewer late...
So i'm writing up a contract to buy a rental property. I was wondering what others do with the closing cost portion. What closing cost should buyers and sellers cover? I would like to cover the cost but I didn't reali...
I posted this in the Chicago area as well, but I'm looking for like minded people that are interested in a cheaper property management alternative.
I own property in Chicago, LA and NYC and I'm working on a platform ...
I'm having a hard time feeling confident on ALL of the costs that go into flipping (I'm currently looking for my first property). I'm going in with a cash offer, and will be using a realtor for the purchase - but am h...
Greetings all,I'm finding some good low cost, cash flowing properties in Ohio. Problem is, my usual lenders will not lend on these because their minimum loan is 100K. Is there an option out there for conventional loa...
Hey y'allI'd love some input on a refi I'm currently doing. Here's the skinny - Bought a fixer upper 1 yr ago for $60k. It was assessed at $85k. I know that's not a good gauge of value, but it's what I had at the time...
I am trying to understand the mechanics/math behind a CMBS loan assumption and the cash/equity needed from a buyer who would acquire the property and assume the loan.Example parameters below:Original Loan Bal...
I got this email earlier today, thought other mass investors might find this interesting....I know there have been some discussions about what we can and cannot charge in the past. "An important ruling has been issue...