I'm a rookie investor from NYC who just signed up for Pro membership.I'm looking for someone who can be a study buddy and meet-up info in NYC.A little bit about me:- CPA (not specialized in tax ;p), no professional advice but can help with basic accounting and finance knowledge sharing.- Have been listening to Real Estate Rookie (almost a year) podcast and On the Market (a couple of weeks).- Finished reading "Real Estate Rookie" book by Ashley.- Looking for out-of-state investments, currently looking into Philly.If anything clicks you, feel free to contact me.Thank you!

I never had any of my own funds tied up in the house.You should make sure to ask an accountant if that rule changed with the recent tax changes in the United States.

From Gold to White (don't use grey it's outdated)note I saved one gold chair on the left for 'ole times sake.Get some lines of credit set up after your loan is approved so you have room to pay everyone.

The latter will have higher interest rates whereas the former has a 2% interest at my local credit union. 

@Farris Roach III we definitely can, and also if you dont mind me asking how did you become an account manager for a bank?

Account Closed Thanks!

PS: He suggested me an FHA 203k, but I'm not open to that because I want to reserve my FHA loan to buy my primary residence home by the end of the year. that's why I'm interested in this deal, well done, it will not impact my credit score.So how will you go about this deal?

These rules restrict the amount of passive activity losses that can be deducted against other income for taxpayers with high incomes.Form 8582 is used to calculate and report passive activity losses and credits.

Some Type of partnership or a 50/50 LLC member ownership with his brother and can buy under that LLC because both of their credit scores are 700+, and3.

I can't speak for you, but we have decided to meet with our accountant to determine the tax consequences of a sale so that I can take as much capital out of it and move that into a better performing asset.