Matthew Drouin
$198k cleared on sale of long term hold (no money into the deal), what I learned...
I know this check says $176k but I held $25k in escrow, paid $10,800 to the buyers agent, and had a $8k in a holdback that was released after I fixed a furnace at the property.This was a duplex that I bought in 2017 f...
Rich Vogel
First time meetin with a Commercial Lender
Hi Everyone, So I am meeting with a commercial lender on Friday to talk about a portfolio loan on my 11 properties. I was going to create a packet for each property but didn't know what information a commercial lender...
Riley Bohar
Canadians buying in the U.S.
I have a few properties here in Brantford, Ontario but am very intrigued with the U.S. I'm also looking in my own city for deals but with house prices skyrocketing Its becoming harder.I have been reading up on the tax...
Nikolas Ferreira
Tax Strategies / Benefits for landlords and flippers
Hello Everyone !! First of all thanks for taking time to read and hopefully reply!Yes i know i need to speak to a CPA or a tax professional and the whole nine yards (I know and I will) with that said I'm looking for i...
Handie Kunen
Refinance to LLC - is it considered a sale?
We are rehabbing a property and will refinance afterwards to complete the BRRRR. The property is currently owned in my husband's and my personal name. We identified a local bank which is willing to refinance it into o...
Steve N.
Deal Analysis For Roanoke VA
This is my first deal I'm putting together. I would appreciate any comments.
3 BR 1700sqft, SFR, Nice neighborhood, house is in very good condition, tenant ready, no deferred maintenance evident.
$142,0...
David Rutledge
refi qualification advice
Hi everyone,
I was hoping to get some advice on a potential refi for two of my rental properties in NC and In that I bought a few years ago.Both have appreciated in value to a point where if I refi I think I can get ...
Vidit S.
Is it true I can get a low rate mortgage with a LLC/trust combo?
Hi - I have saved up some cash aside and I am looking to break through this year in rental property investing for long term buy and hold for cash flow. My main aim is to have a proper legal structure for asset protect...
Diondra Brown
LLC or Individual
I am looking to build a duplex or triplex. I will be living in one of the units. I plan to use a fha loan to build if I can. Would I be able to put the property in my business name since I'll be living in one of the u...
Chris Haas
Does getting licensed affect your earned income versus passive income status?
If I would get licensed primarily to get access to the mls, and in general gain that knowledge, does that adversely affect my tax status.
I have no intention on quitting my day job, so if I get licensed, buy ...