All Forum Posts by: Ricardo Diaz

I have a a tax question. I cashed out refi a property under my name into an llc for me and my partner. We took money out and left it into the account.  Now I took money out and my accounts tells me it will be taxed. I thought debt is not taxable.  

That’s awesome I will have to do that.  Thank you 

Yes that’s what I’m learning and learned from bigger pockets. How was I given the wrong info idk. But I was pretty sure I could do that and repeat process after two years. 

Hello just wanted some input on next steps. I bought a 3 family 2 years ago and it’s been great. Now I’ve been there two years and want to get into another multi family and rent the one I have now full. 
what strategies can I use. I was told I needed 20 percent but the higher costs of the houses makes it a little tough. I guess maybe use equity and scrape up the 20 percent or maybe a lender who can work with me.  

Hi just wanted to ask for a recommendations for a property manager for a two family I’ve had for a couple of years.

Bridgeport house market is high. Good thing I bought 5 years ago. Bought last year and it’s making money. But not like the first one. I suggest going to Waterbury. That’s my next stop dependS on the market 

Hi everyone and I have a question about selling a home and taxes. 

ii want to sell my investment house . I have another person on the title with me. 50/50 ownership. 

the mortgage is under my name . So I want to sell And.use my half of the proceeds to buy a home for myself and give the half to the other person. How does that function in my taxes since I claim the house on my taxes. I don't want to pay taxes on the other person's half. 

Looking to connect with Investors in the Philly area