At first I didn't even recognize it after subsequent storms.

I didn't mention why they aren't applicable to most here as I thought it was obviously but I subsequently realized it might not be obvious to everyone.The idea that people can move to idyllic places part or full time and reduce or eliminate their tax burden could potentially work from pretty one, except for the citizens of the US and Eritrea.

Hi all,I am a new investor in the Denver metro area and am doing a bit of work for a home that I bought a few months back (demolition of a back area of the house and its subsequent reconstruction).

I had a family friend who was a former contractor inspect the home and he found no issues with the foundation, electrical, or plumbing (I still plan to get a subsequent inspection).

As long as your lender approves of the loan being taken out in your personal names and subsequently deeded into your LLC without any 'call for payment upon transfer', there is no issue signing both deeds the same day.

My question is whether or not I should start an LLC now and be ready upon my transfer, or if I should wait until I find a deal, and subsequently start an LLC in the same state as the property?  

We had a policy with NREIG on a property we took back from foreclosure recently that became vacant, which was then subsequently gutted by a major fire.  

A wholesaler’s role is to identify properties that may be good investments, contract them, and subsequently assign the contract (or double-close) to investors.

But even if you do generate significant passive losses with your rentals, you'll be able to carry them forward to subsequent years until you, as Michael Plaks mentioned, sell your properties or offset them against passive income.

Subsequent responses do seem to hone in on determining what your ACTUAL cost of the "$10k" would have been, and I would have hoped that "the book" would have made the same distinction - but, didn't?