Donnersson Penna
How to get a condominium complex VA Approved
Hello everybody. Does anybody know what is the process and what are the charges to get a condo complex VA Approved. Thank you so much!
Mike Kratz
1031 Exchange Purchase Rental and Security Deposits
When I look into a 1031 Exchange it seems that the funds from selling a property are meant to pay for costs of buying a replacement property. Ex. Purchase price, Agent commissions,Title insurance fees for the owner’s ...
Olivia Piper
Report owner distribution for passive rentals on Schedule E?
I own a couple rental properties in a single member LLC. If I need to withdraw some owner's capital, which as far as I understand is not a taxable event, should I report it in Schedule E on tax return? If yes, how do ...
Jonathan Ramsuchit
Using fathers exp. in rental history to obtain financing
Hi,
I am looking to buy a multi unit with my dad and then transfer to me. I am using him because of his rental history on tax returns so banks can use the projected rental income of the property that I'm buyi...
Josiah Rich
FHA Loans For Multi-Unit Investing
I would like to know how to use an FHA loan to buy a multi-unit property and how to get the 20% down payment for a property of about $599,999.00?
Thank You,
Justin Cutler
Lease Purchase Declining Principal Balance
Has anyone structured one of these? Do you have a contract that you've used? I'll run it by my local attorney of course. Basically -
I can buy a property that I've leased for the principal balance at time of executi...
Parker Foley
I Need help!! Options for an appraisal
Hey guys I’m having an issue. I and trying to refinance out of a hard money loan. The duplex appraised at 305k when I bought the property 9 months later the duplex is now appraising at 174k. I’ve disputed the appraisa...
J Newman
Quickbooks Classing Question
We use QB for accounting and Rent Manager for PM (I often feel like it uses us - although there customer service reps are great). I was wondering how people do classing for MF properties. We have 60+ doors. Most multi...
Jesus Perez
Tax Delinquent Wholesale Properties
I am currently searching for properties in my area that have tax delinquent balances but do not have any existing tax liens. It is my goal to find these properties in order to wholesale them and include a clause in th...
Drew Denham
New GC for roof wants full payment upfront?
I need a new roof on my latest flip, NEW GC said he wants the full $6100 down because its not my primary residence. He won't sign the invoice until its paid in full (and I live across the state). I called one referenc...