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18 February 2014 | 3 replies
The tax advantage of an LLC (as I see it) is if you were to have multiple non-married people as members of an individual LLC, the LLC returns (K1's on your tax returns) would allow all of the depreciation, profit, loss, etc to be spread depending on the membership of the LLC.Lastly, so long as you keep detailed records, I would think your tax professional should be able to set up your taxes to show the 'loss' from the improvements to the property.
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16 July 2014 | 2 replies
My own son bought his first property at 15.
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25 July 2014 | 5 replies
She and her teenage son are living with a friend, and have recently left an abusive relationship.
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14 March 2017 | 5 replies
My son did a similar journey, 2 years in Brooklyn and now a pediatric resident at El Paso Children's Hospital.
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17 March 2017 | 21 replies
I've worked through some very hot markets as a realtor (not as wholesaler) but I can't even conceive how wholesaling would work when sellers hear that they'll have 5 cash offers over asking price within a few hours of listing, and they have realtors to hash it all out for them.I'm probably wrong (my son tells me all the time) but licensed sales could be a better option especially if you're established in the area and have some leads
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18 January 2019 | 6 replies
A few examples are if one of your subcontractors brings a helper (think, their son or someone else off the books to help out one day) and that person gets hurt.
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2 May 2017 | 80 replies
I ordered a copy and sent the podcast link to my two sons (24,22).
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1 June 2017 | 4 replies
Hello BiggerPockets investors, I am currently looking in the Maine area for 4 units building for a house hack and I wanted to use FHA loan, I know that it can go as low as 3.5% down payment plus any closing costs associated but today my coworker told me that his son bought a house with FHA loan with a 0% down payment but he only paid $3,000 closing cost, is this really possible guys!??
20 October 2016 | 2 replies
I currently live in Gilbert, AZ and have a son due in January.
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21 September 2016 | 8 replies
Personally, I'd run the #'s on seller financing to determine if it's a viable alternate strategy.