GERT S.
Sole member LLC, add spouse as LLC member
I went to cheap way, and formed an LLC (Florida) online without speaking to an attorney first. I know, fools rush in where angels fear to tread.My LLC just acquired 2 condos that need a little rehab. After rehab, the ...
Amber Barger
Mission Statement Critique
Hello,I wanted to get some input on our idea for a mission statement:We are committed to buying, rehabilitating, and selling single family homes in the Huntsville, AL area with integrity and professionalism. Our clien...
Alex Silang
Affordable housing / "slum lording"
Interesting perspective I have here. I'm a "numbers guy" and the numbers fooled me into buying a poor property. Had 4 evictions in 3 years. Sold for a huge profit though.The way I see it, operations matter a lot (tena...
Ryan Moore
Calculate Reserves into Cash-on-Cash Return?
In reference to cash-on-cash return, when calculating how much money was invested into the property, should I include any money that came directly from me that I put toward the reserves? Even if after the first 12 mo...
Jo Amick
Depreciation and IRS taxes on Sub-to/Lease Purchase?
Here's the deal: I am buying no money down, taking over payments on a sfr from an out of state seller and transferring deed to my LLC. I have a lease option buyer, so I am making about $200/mo spread between mortgage ...
Ben W.
Second Lien Position
Hi, do commercial lenders generally allow the seller to carry back in second position the 25% not financed by the lender (to effectively create a purchase with no money down for buyer)?
Nick Shri
Offers in multiple properties off MLS
This might be a stupid question but here goes. I am identifying quite a few good properties off MLS (actually, Redfin, Zillow and Realtor) that fit my purchase criteria. The numbers are also work them well for me.
M...
Thomas Reed
Buying Multi-Family in college towns?
Hello I am first time investor, I am located in Texas and I am looking at buying a multi family homes. One thing I am curious about is I have found a lot of Multi-Family homes located near universities. Are these norm...
Scott Jensen
When does flipping homes in a SD IRA create UBTI?
I am reading mixed things online about the tax implications of flipping homes inside of a self-directed IRA. When is a non-financed house flip inside of a SD IRA or Solo(k) subject to UBIT? Is one flip ok? One flip p...
Eric S.
Accountant/CPA Needed in Cincinnati
I thought that this topic may have been addressed somewhere here in the forums but I can't seem to find it. I'm looking for an accountant/CPA that doesn't find real estate dealings a foreign language. We have 9 proper...