Joseph Montes
Did I overpay on my closing costs?
In June, I bought a 3 bedroom/1 bath SFH in Lansing, MI on short sale for $20,000 that I am now renting. I was able to find conventional financing from a bank, getting a 30-year loan at 4.79%. I'm currently gearin...
Brent Byers
Help - Low Income vs. Sell, Buy Better and Pay Down Debt
Hi - i have a big Choice, my single family property in Hamilton Ontario was purchased in 2001 for $194K and has appreciated in Value to around $400K(~12%/yr). The property gives a small NOI (after Mort and all costs) ...
Jim Murphy
Tenant Screening- Limited Credit History at 50 years old?..
I recently posted a listing for a unit in my 2-family which has had a lot of traction. An overwhelming amount of inquiries flooded through my inbox in the passed week. I tried to narrow it down to only a handful of pe...
Account Closed
Maintain Investor status
I have been flipping houses for 3 years now. I have been doing this under a c-Corp. I have been taxed as a dealer. I started a new LLC to buy and sell house, plus rentals. I learned about dealers vs investors and ...
Tim C.
Question On Tax Implications
Hi guys looking to get some general advice on my situation. I own 12 properties in cash in LLCs (disregarded entity so I file taxes in my own name not the LLCs) but am a foreigner so have only found 2 banks that can ...
Arturo Fuentes
Seller financing from a seller's perspective
Hello, I'm in conversations with my neighbor to sell me her house, and I want to pitch a seller finance idea to her. I want to understand better what this would mean for her, to use that as an argument to convince her...
Victor Taflinger
Do need an accountant?
I am retired Navy living and working Okinawa, Japan where I will probably stay the rest of my life. I am a resident of Washington State. I have a drivers license but no address to call home. I was born and raised in F...
Travis Smith
Using real estate for tax purposes only
Age 56 and retiring from farming and I’ve been very good at avoiding income taxes with depreciation and business expenses. But I will have over a million in pure gross income coming in 25. Plus I may also sell some ...
Bruce McNeil
Need advice on this situation!!!!!!!!!
My mother has (2) houses FREE & CLEAR in her name. Her credit is not the best and I'm in the long process of cleaning my credit up to. I need advise on how we can get the equity in the houses to acquire other pro...
Chris Seveney
Interest Rates & Seller Financing
Recently I have received emails from note investors whose primary focus is on acquiring owner carried paper. A significant amount of the loans that made there way to me were underwritten at 5-6% interest rates (at a t...