All Forum Posts by: Karen Parker

I couldn't help but notice the big [B]IRS[/b] up there myself.

Ok I gave up on bolding it. My html sucks lol!

My feelings exactly ;)

I never tried the llc method. I've always used transactional funding. Is there any advantages or disadvantages to using the llc method? Seems it would be less expensive than the 2% they charge for transactional.

Thanks MikeOH. Being accustomed to dealing only with SFH it seems the sheer size of a 200+ unit complex would make it more complicated. You might have noticed at this point I do mostly short sales. I'm running into a lot of apartment complexes lately that seem would be screaming good deals by the time I got them negotiated but have been reluctant to dive on any of them because of my lack of experience with something of that size.

My guess is, the brother is probably talking to customer service, not loss mit. They are not only clueless but could care less if the house goes to foreclosure. I would not offer more than $30K and that would be depending on what repairs are needed on the house as well as liens and back taxes that might be owed.

While we're on that topic, where would you suggest someone that is interested in moving into multifamily properties go to get information on determining the cashflow of a property.

Originally posted by Tim Wieneke:

Rock on Rich. I love Florida.

I love Florida too! Been here nearly my whole life. As far as dying here goes if the insurance rates don't kill you, the property taxes will. But other than that I can't think of too many draw backs of being here if you don't mind running from hurricanes lol! And I guess I must not because I can't think of any place I'd rather be :cool:

Still in Tampa too. You're welcome to drop by and say Hi sometime.

I am not an expert on this by any means but I've been to a few seminars on asset protection using land trusts. It seems if you can conceal ownership in this manner you would also be able to pull those mortgages out of your name. Just a suggestion you might want to look into. Hope it helps.

Hi Josh. Yes, I remember we had that discussion before about taxes in Pasco being cheaper. It's Pinellas' millage rates that that I'm screaming about. Who can afford to go buy anything else when you're being sucked dry at those rates. I have to get the vampire off my back before I can feed the wolves.

I would swear by the way you described your communist city that you were talking about Pinellas County, Florida. Small world, huh!