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All Forum Posts by: Tristan Cortez

Tristan Cortez has started 21 posts and replied 264 times.

Post: Joint ownership 4 plex with adult child (18). TAX how to?

Tristan CortezPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 272
  • Votes 50
@Basit Siddiqi . Thank you for your help. We both are joint owners and have title but 18 yr old is primary and therefore ssn is listed on mortgage tax form. We both own it but dad is paying for mortgage bills mainly because son is a full time student and doesn't have income.

Post: Joint ownership 4 plex with adult child (18). TAX how to?

Tristan CortezPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 272
  • Votes 50

Thank you Jacob.  I appreciate it. 

Post: Joint ownership 4 plex with adult child (18). TAX how to?

Tristan CortezPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 272
  • Votes 50

2019 I purchased a 4 plex with 18 yr old son to get started real estate investing. Son is primary on the loan (so his ssn listed on 1098 but it is a joint ownership mortgage. he is full time student so not making much (any) income. we have not established a partnership or an LLC. Can I just add this to my taxes as a new rental property without a partnership or LLC or do I have to establish one by completing the irs form? How do i do this with his ssn on the 1098 Mort. form but I am paying for everything?

Post: What is the etiquette for using a realtor if they give us leads?

Tristan CortezPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 272
  • Votes 50

We are looking to set up a general criteria email to send to realtors whom we might meet and want to have them keep us in mind. Any tips would be appreciated.

Thanks,

Tristan

Post: 0-14 Doors in 16 Months!

Tristan CortezPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 272
  • Votes 50
Absolutely amazing! Congratulations @Joseph Cornwell!

Post: 0 to 18 units in two years

Tristan CortezPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 272
  • Votes 50
Awesome job @Jordan Moorhead!

Post: From 3 to 43 Units - I changed my life with one incredible deal!

Tristan CortezPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 272
  • Votes 50
Congrats @Justin Fraser ! Thanks for sharing, it really helped inspire me.

Post: Multifamily BRRR strategy that created 4.5m of value in 12 months

Tristan CortezPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 272
  • Votes 50
Awesome job! Thanks for sharing.

Post: My First Deal - $4.4 MILLION AND SELLER FINANCING

Tristan CortezPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 272
  • Votes 50
Awesome job Luke Chung ! Thanks for sharing your inspirational story.

Post: SOLD! $45,000 profit to start the New Year.

Tristan CortezPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 272
  • Votes 50

Awesome Job @Omid A. Congrats!