Robert Verdi
Calculating Fees and Closing costs on back to back closing
I am in the process of analyzing a deal for a possible back to back closing.
One area that is unclear to me is what fees I need to account for on the A-B and B-C transactions.
Example closing costs, realtor commisi...
Julie Muse
Decatur Flip Triumph: Big Gains with Ivan West on Woods Drive
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $240,000
Cash invested: $38,500
Sale price: $355,000
Partner Driven, in collaboration with Ivan West, successfu...
Julie Muse
Oak St Triumph: Major Profits in Galt with Seth Choate
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $275,000
Cash invested: $67,150
Sale price: $365,000
Contributors:
Peter Vekselman
Partner Driv...
Julie Muse
Powder Branch Road Flip: Big Profits in Johnson City with Ryan Phipps!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $165,000
Cash invested: $35,619
Sale price: $294,000
Contributors:
Peter Vekselman
Partner Driv...
Roberto Westerband
Warranty Deed vs. Quit Claim Deed
If a property is transferred to an LLC, what are the pros/cons of using a Warrant Deed vs. a Quit Claim Deed? In addition, will the title insurance policy still cover the investment property once the deed is transferr...
Christina Hsu
Tiebreaker needed: different opinions on spouse LLC
I have asked several different tax providers, and gotten different answers to my questions each time. I need a tiebreaker! Here's the situation: My husband and I created an LLC in Indiana purely for real estate invest...
Jimmy S.
Why do you need a LCC if your networth is in real estate?
I Talked to very many people, investors, lawyers and other fellow landlords.Some say a LLC is a must and other says its a complete waste of money and a umbrella policy for 1 or 2 million is the way to go including a f...
Morgan Kadric
Rich Dad Poor Dad Explanation $40,000/5 Hrs
Hello,
In chapter five of Rich Dad Poor Dad by Robert Kiyosaki, he briefly recounts how he made $40,000 with 5 hours of work by buying a "courthouse" property, listing it for less than market value, having the buyer ...
DeMarrius Payne
Taking out 401k loan.
What are your thoughts on borrowing from 401k to fund first deal? Im still young so long term retirement is not a focus of mine right now. Besides, I would rather invest in real estate for retirement.
My thoughts ri...
Heather Miner
Rent due on the 15th?
I have two tenants who receive their paychecks/disability funds after the 5th of the month, so I extended their grace period by a few days. This results in extra effort each month because of multiple late fee structur...