8 October 2021 | 4 replies
We are building processes to build teams effectively and we have learned a lot from acquiring this first duplex.
8 October 2021 | 1 reply
Can you purchase a real estate investment property (residential not commercial) in cash and effectively pay $0 in taxes instead of 32% from the business side?
10 October 2021 | 5 replies
Don't waste your time with an FHA or anything with crazy points.
13 October 2021 | 21 replies
@Steven Harris that is a hard sell but with $30K in savings as collateral you may be able to go to a private lender; however, you are going to have to add a member to your LLC or Corp with a job ; especially since you are new and can not produce a schedule of real estate owned.Most private lenders that I know or have worked with say that the asset is the main pull as far as credit during analyzing the deal; therefor, you have to have a strong deal that makes you money and able to communicate how you are going effectively monetize the project, in the form of an executive summary.I remember at one time some lenders were doing 80/100, 80%LTV and 100% rehab, I do not know if they are still doing that, I will have to reach out to some of them to see their parameters these days.
8 October 2021 | 5 replies
If they can't provide it or it is sparse, I am not going to waste the time to see it.
11 October 2021 | 11 replies
In late March 2020, everyone in Congress, at the Fed, and at the Treasury Department, were reciting the exact same thing, in unison, over and over again, like a religious incantation, when they came up with the policy-set that is mostly still in effect:"2008, never again. 2008, never again. 2008, never again."
9 October 2021 | 1 reply
The situation for international investor is similar as for US resident for ECI (Effectively Connected Income, eg buying and operating real estate directly) when it comes to US taxes but it depends on country of residence to determine if local tax.For FDAP (Fixed Determined Payments, eg dividends from investing as limited partner, receiving dividends from REIT...)
10 October 2021 | 3 replies
It can look pretty but if it doesn't resonate with who you're mailing to and if it doesn't offer something they'd be interested in, it's a wasted mailer.
9 October 2021 | 2 replies
Find a good PM, someone that not only understands your investment goals, but also how to operate your business in the most effective way possible.
8 October 2021 | 1 reply
I would REALLY like to get everyone's TWO CENTS on this Foreclosure Moretorium and potential side effects...There are so many theories being put out right now.