Norma Santell
Multifamily Loan Information needed
Hello everyone. I own a property , in a not so great neighborhood, which is paid off & is worth maybe $75-$80 k. I have $30 k in savings, no auto or student loans and excellent credit. I'm past middle age and I ...
Melanie Baldridge
W2 employees and RE Pro Status
Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.
This is exactly what real estate professionals have learned to ...
Ruben Fernandes
Letter of Intent (LOI)
Subject: Seller FinanceIntent: Present LOI and Finance agreement1. Purpose. To provide multiple options on Seller Agreement LOIs. I have pay stubs, tax returns, and credit report ready to present to the Owner if the...
Max Lala
Newbie real estate investor, what am I doing wrong?
I recently purchased a rental investment property in Dearborn Michigan for $70k and rented it for $900/month.If I had gotten a 30 years loan on this property with %20 down, it would give me $250/month cash flow. (afte...
Jimmy Hong
Should you pay off your mortgage?
Hi guys and gals,
Just an interesting read I ran into. Thought I share...
http://www.marketwatch.com/story/should-you-pay-off-your-mortgage-2013-08-14?link=MW_popular
Marimar Hernandez
I have 100K - New to investing. What should I do?
Hello,
I am brand new to investing. My husband and I bought our first house when we were 22; using my parents as co-signers.
Now, we are 25 and we have rented our 4 bedroom house and moved back with his parents to sa...
Jake Keating
Parents house will be passed in will, worried about red tape
A few years ago I helped my (retired) parents buy their most recent house by directly giving them a $100k cash down payment, and they would like to leave the house to me when they pass in thanks for the assistance (it...
Ben Leybovich
Wow - Obamacare just keeps on giving
Here's a guru I'd rather not buy from, but sorta don't have much of a choice. Anybody out there regret voting for this thing?Unreal stuff...
Bill Mitchell
How to spend money you EARN in an LLC
I am gearing up to set up an entity in the form of an LLC. My question is, when you earn money that is made payable to your LLC, how do you spend it?
You can't commingle funds, so how do you spend the money y...
Steve J.
Should I create an LLC?
Hello BP,I am house hacking a single family and living in the basement. I hired a PM for the top unit, and they are requesting my social to report my rent income so it can be taxed. Since I am house hacking and this i...