Bienes Raices
Proof of Funds for LLC
For an offer made by an LLC, will the banks accept a POF of your personal funds, or does the money actually need to be in the LLC's bank account at the time the POF is given? Thanks.
Justin Price
Northern Va/Stafford Real Estate investor CPA References
I’m looking to buy and house hack my first small multi family property in the beginning of 2021. I have a fund of $10k+ and I am trying to decide if I should pay off my student loans completely or invest this money in...
Craig Fithian
Areas in avoid in Louisville, KY
I am a new investor in Louisville, KY, just getting started with Direct Mail and was wondering if any of the Louisville BP members can tell me what are the areas most investors avoid. Are there certain zip codes to e...
Kyle J.
How do you account for interest paid to private investor?
If I get a loan from a friend/family member/private investor, how do I account for the interest on the loan I pay to that investor? I know if I were borrowing from a bank they would issue me a 1099-INT form at the en...
Kay H.
Took my first real estate license classes this weekend. What took me so long???
I'm so excited!!!! I was wholesaling but now I'm going to get some real credibility. The classes were outstanding. as I left, I couldn't believe I had spent so much time chasing after the small percentage of wholesa...
Steve Dorman
Have cash but no income...
So my wife and I are getting ready to relocate to another state. Once we find a new location I would like to buy a cheap fixer upper sfh to live in while we build our new lives. Of course when I go to purchase a place...
Michael Janke
Account for rental property
Good afternoon! I am 2 weeks from closing on my first deal- a duplex house hack. The property will be in my name, and it seems the general consencus is that someone just getting started doesnt need an LLC. However, I ...
Tre Tipton
Proof of funds requested by agent before showing?
Newbie investor. Working with a realtor that sends me MLS leads daily. Found a property i am interested in for a potential wholesale but want to see it in person to get a more accurate idea of repair cost. The agent i...
Daren H.
I hate hearing investors say this...
I have been listening to several REI podcasts over the past week. I like to listen to others to see if I can pick up any helpful tips as it relates to finding deals and just business in general. I keep hearing these R...
Rhett Kelton
2nd position for DSCR
My situation and I am looking for any recommendations or paths to follow.I purchased a 5 unit property at auction in January 2022. Purchase price was $451,000. I originally bought it with hard money, as I had a pers...