James Sanders
Advice: RE line of credit for newbie
Hi,I'm hoping for advice on financing. I have a documented business plan for investing in new build SFR in some specific areas of Los Angeles. I have $2M in liquid assets (bonds and equities) a steady job of $200K inc...
Anthony Ellison
Hard Money and Partnerships
Good Evening BPMy question for the day is: If partners are applying for hard money who's name should go on the loan? All of them or just the ones with the good income/credit?Real life example:My parents and I are goin...
Fahadbin Alam
How much should you pay yourself?
So I got my rental property going and I don't know how much to pay myself.1. How much would would I pay myself? Would it be 50% after all the expenses are done and leave the other 50% so if something happens to the pr...
Season Price
Creative options for down payment on HUD purchase
Hi. I was able to get a HUD rehab under contract recently/ Fortunately, or unfortunately, two of our other deals went through at the same time. We are in a dilemma when it comes to the down payment since all of these ...
Alfredo Alfaro
Owner Financing Questions and Concerns
Hello everyone,
I was looking into owner financing and have a couple of questions about it because I would like to pursue a deal with this type of financing.
My question concerns the agreed monthly payments. When y...
Munjed Ahmad
Appliances for rental units
Hi All:Does anyone know of a cost effective place to buy apppliance for rental units in the Milwaukee, WI area?
Account Closed
how much money do you make on hard money?
Hi thereI'm currently looking at buying some properties but during this process i've been thinking about hard money loans for others.Can anyone give me a sense of how much you can make on a hard money loan. What i mea...
Jason H.
JV Split, Settlement, and Capital Gains
Hey there BPers,Question: I'm JVing a deal (50/50 split net sale proceeds) and I am curious as to when this split should occur to avoid incurring any unnecessary capital gains taxes. I'm assuming the 50/50 checks wo...
Shaun Hunt
DBA????
I have a DBA, I'm not sure why. :) I was advised to open a DBA in order to pay my kids for helping with the rental improvements, lawn care, property management, etc.Do I need one? How does it help? What is the BIG I...
Joshua Fass
S Corp as Holding entitiy for Serial LLCs?
Hey all,First post, and I apologize in advance if I come off as a complete newbie, but I am so, here we go... I am about to embark on a mid-career shift to Multi Family real estate investing. Learing everything I can,...