Sandra Martin
How do y’ll start ?
1 May 2024 | 4 replies
Places where home prices are going up fast or where there are always people looking to rent and the income is good are often best.
Brandon Chung
When is the best time to establish a legal entity (LLC, S Corp, etc.) for REI?
1 May 2024 | 4 replies
Discuss any pros and cons with your attorney and CPA to weigh the advantages and disadvantages, particularly regarding liability protection and tax benefits.
Michael Crocker
Newbie in Conroe, TX - Eager to learn about REI!
2 May 2024 | 11 replies
Look at property tax sales.
Kirk M.
How to know when to Sell or Hold or Develop on property?
30 April 2024 | 1 reply
Once you know what’s possible then you’d likely want to evaluate affordable housing grants, tax credits, tax incentives, etc.
Lina Emory
DSCR, Line of Credit or something I haven't thought of?
30 April 2024 | 7 replies
I am good for a credit check and can provide the lease proving $1250/m income.
Brittany Allerdyce
Jill of All Trades - Master of some?
30 April 2024 | 2 replies
I hope to be able to apply what I learn here to building my own income-generating real estate portfolio and eventually creating passive income for myself so I can spend more time with my kiddo!
Mark Prather
Hello from the greater St Louis area
1 May 2024 | 7 replies
One thing to note, is that if you are doing flips in either Solo or SDIRA the IRS is likely to see that as running a business and you could be subject to UBIT (unrelated business tax) which scales up to 37% so it can be pretty hefty depending on the numbers.
Amir J Reichental
Which address to use when buying a property under LLC?
30 April 2024 | 9 replies
Hey @Amir J Reichental, There are small pros and cons to this: Home Address:Pros:Privacy: Providing your home address keeps your personal information private, as it's not tied directly to your business.Convenience: If you're already receiving mail and other communications at your home address, it may be more convenient to keep everything in one place.Cons:Risk: Using your home address exposes it to potential risks associated with the property owned by the LLC, such as lawsuits or creditors targeting your personal assets.Tax Implications: Depending on your jurisdiction, using your home address could have tax implications, especially if you're claiming any tax benefits or deductions related to the property.LLC Address:Pros:Asset Protection: Using your LLC address helps separate your personal assets from your business assets, providing an extra layer of liability protection.Business Image: Using the LLC address for business-related documents can help establish credibility and professionalism for your company.Cons:Public Record: LLC addresses are often part of public records, which means they may be more accessible to anyone who wants to find information about your business.Mail Handling: If you don't have a physical presence at the LLC address, you'll need to ensure mail forwarding or a reliable method of receiving important documents.Ultimately, the decision depends on your specific circumstances and priorities.
Jessica Carcamo
Investing $55K need help getting started!
30 April 2024 | 43 replies
Even if you're still paying for some of the expenses out of pocket, you've most likely drastically reduced your cost of living by eliminating most of if not all of your mortgage, property taxes, and/or insurance.
Candi Kham
Seeking Advice for First Rental Property Venture
29 April 2024 | 4 replies
Any tips or resources would be greatly appreciated.Tax Professionals: I'm in search of a strategic tax professional who specializes in real estate investments.