Say I was gifted a commercial building that I operated a bar/restaurant in and it was appraised for $2MM.Then I "sell" the building into an LLC, which I would also own, for $800k.That price of $800k is because a lende...
about a year ago I shortsaled one of my properties and now i would like to refinance or apply for a line of credit on one of the others. I know that i would not be eligible for a conventional mortgage until 3 or 4 ye...
This is my first post in this area. I've been asked by a couple of homeowners that I have approached about what happens to their credit. If the homeowner and buyer arrange a sales prices for less than what is owed a...
How often do you find tenants give you reason to withhold damage deposits? One of my mates, who also rents out properties, has a particularly nasty tenant who is leaving his building after many years. Little to no dam...
Hello.
We are working on a joint venture with a homeowner to flip his home in Florida.
As part of the agreement, he would receive a set amount for his home along with a monthly holding fee until it is sold to the ...
I would appreciate some sage advice. I own a few SFHs outright and also have some personal debt I incurred to purchase another SFH. (A Lightstream loan.) If I were to do a cash-out refi on one of the properties I ow...
How if ever will taxes be assessed to money taken out of a home equity credit line.
One example,
I buy a house for $100,000
I take $20.000 out of my HELOC
At some point I sell the house for $200,000
Do I owe taxe...
I am Passive Real Estate investor and plan on investing in an ATM Fund in the amount of $200K. The investment will provide investors with a 24.7% annualized preferred return (paid monthly), and the potential for sign...
I did some very informative reading of the archives trying to find an answer to this, but up to now have not found anything that answers this . I'directlym almost 47 and getting tired of the rat race. I want to keep...