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All Forum Posts by: Hiren Patani

Hiren Patani has started 28 posts and replied 49 times.

Post: Looking for an investor with a great builder (Houston, TX)

Hiren Patani
Pro Member
Posted
  • Investor
  • Houston, TX
  • Posts 50
  • Votes 10
Sometimes you can partner with builders and share the profit. It depends on your goal and objectives.

Post: Condos for rental

Hiren Patani
Pro Member
Posted
  • Investor
  • Houston, TX
  • Posts 50
  • Votes 10
Shital Thakkar if it's near to downtown or any major business condo will go on rent quickly but more turnaround then SF. Also gets great appreciation if brought at right price at right time but again depends on your business model and your goals.

Post: Real Estate Agent Houston,Tx

Hiren Patani
Pro Member
Posted
  • Investor
  • Houston, TX
  • Posts 50
  • Votes 10
Hello James, welcome to BP. I'm a investor from Houston, TX. I will PM you and will go from there. Thanks!

Post: Wholesaler in Texas

Hiren Patani
Pro Member
Posted
  • Investor
  • Houston, TX
  • Posts 50
  • Votes 10
Hello Andy, welcome to board. I'm in Houston area and would like to meet with you and see how we can do some business together.

Post: I've been laid off and have not been able to get financing

Hiren Patani
Pro Member
Posted
  • Investor
  • Houston, TX
  • Posts 50
  • Votes 10
You should also talk to private lender too?

Post: Buying from Auction.com courthouse Event

Hiren Patani
Pro Member
Posted
  • Investor
  • Houston, TX
  • Posts 50
  • Votes 10

Hello,

I'm a new investor and planning to buy a property from Auction.com at their monthly courthouse event next month. BP users would you please share your experience good and bad with Auction.com and also with the houses you brought?

1) Things to check before doing business with Auction.com?

2) Pro's and Con's of houses they sales, etc?

All your recommendation/suggestion would be greatly appreciated.

Thanks,

Hiren

Post: Lease or to buy

Hiren Patani
Pro Member
Posted
  • Investor
  • Houston, TX
  • Posts 50
  • Votes 10

Below are my questions whether to buy or lease a car? 

1) Let's say if one buy's a new car under his/her personal name or under company name (driving for business more than 50% but some personal use too), then they can show mileage driven for business and also vehicle depreciation under expenses when filing tax return. Correct?

2) If you are not using your new car for business purpose all the time. Should it be brought under your name or under company's name? What makes more sense?

3) Again, not using the vehicle for business purpose all the time. If you are leasing a car? Should it be under your name or company's name? Also can one show full monthly lease payment as a expenses when filing tax returns?

Thanks !!!

Post: car - lease vs buy

Hiren Patani
Pro Member
Posted
  • Investor
  • Houston, TX
  • Posts 50
  • Votes 10

1) Let's say if one buy's a new car under his/her personal name or under company name (driving for business more than 50% but some personal use too), then they can show mileage driven for business and also vehicle depreciation under expenses when filing tax return. Correct?

2) If you are not using our new car for business purpose all the time. Should it be brought under your name or under company's name? What makes more sense?

3) Again, not using the vehicle for business purpose all the time. If you are leasing a car? Should it be under your name or company's name? Also can one should full monthly lease payment as a expenses when filing tax returns?

@Pat L What type of farm? Please explain it? Because my understand is it needs to meet certain criteria to deduct lot of stuff?

Thanks!!!

Post: Setting up LLC to buy and hold real estate properties in TX?

Hiren Patani
Pro Member
Posted
  • Investor
  • Houston, TX
  • Posts 50
  • Votes 10

@Mohammad Akif, @Tamara Elliott-Deering @Rick Johnson Thanks a lot.

Could somebody explain what's series LLC is? It's pros and conc ?

Post: Setting up LLC to buy and hold real estate properties in TX?

Hiren Patani
Pro Member
Posted
  • Investor
  • Houston, TX
  • Posts 50
  • Votes 10

Hello,

I know I need to apply for LLC at Texas SOS office. But need assistance in setting up the structure, etc.

Thanks for your help.

Regards,

Hiren Patani