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11 November 2024 | 4 replies
I've been involved in two JV BRRRRs with Land Trust ownership structure, the one we still own happens to have Joe Seagle's company as trustee who replied above.
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11 November 2024 | 14 replies
Now she is interested in getting involved and is open to a career change.Question: Is there a job she could transition to where she would match her current salary and benefits?
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8 November 2024 | 21 replies
I was wondering if anyone has experience with real estate investing from a distance.
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11 November 2024 | 13 replies
It's a great area within walking distance (5 minutes) to shopping, grocery, coffee shops, and historic neighborhood, and about 5 minute drive to downtown.They are asking $695K for it.
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15 November 2024 | 18 replies
I'm a property owner on BP and a W2 employee (nothing involved with real estate).
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11 November 2024 | 14 replies
A resolution might involve a refinance or buyout agreement to remove her from the mortgage, aligning ownership and liability.This post does not create a CPA-Client relationship.
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12 November 2024 | 1 reply
If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.
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12 November 2024 | 11 replies
Probably 90% of sub to / seller financed transactions involve purchase price ABOVE what an investor would pay having to obtain new institutional financing or paying cash.
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14 November 2024 | 15 replies
It's definitely more intimating and involved than a rental could be, but you may be able to make a lump sum of cash in 6 months or so that you could use towards other investments!
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11 November 2024 | 8 replies
When you're on a temporary visa, especially without a clear path to permanent residency, the risk involved can be substantial—both financially and legally.