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Hi everyone, so what does buying and selling notes actually cost in terms of transaction fees? Certainly there are transaction fees... What do brokers usually charge for a buy or a sell? Also, what do note servicing ...
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Hi BP members; Formed an LLC registered in Colorado (state of residence) using self directed IRA (wife & I) in 2016. Finally purchased a residential single family home in Tucson, Arizona July 2019 using 50% mortga...
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I was just notified by my CPA that a 1031 exchange might not be the best way for me to take money from the sale of one property and buy another property. He said it could cost me more in leagal fees than it would sav...
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I currently have a condo in connecticut that i will be renting out in august. I am moving to a single family in texas. I am looking for advice on taxes from the basics. With this property going up for rent what are ta...
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Do any board members have experience with low income housing tax credits? I would love to get a run-down on them as well as some pointers to helpful resources to learn more about them.
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Hello fellow BP members. I live in Houston, Texas and are getting ready to open a new business bank account for my newly formed LLC. Are wondering which banks may be more friendly and convenient to us real estate rent...
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Dear all!Hope your tax season going well.I am using TurboTax Self-Employed online to file my day job's W-2 and rental business taxes. I manage my properties through single member LLC.When I am at the Schedule C the lo...
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Hey everyone!I'm sure this topic has been discussed many times but I'd like to revisit it now as I'm thinking about creating an LLC for future investment properties. I'm new to buy and hold investing this year so I'm ...
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Wondered if I could get some more experience REI eyes to look over my numbers. Something doesn't seem right—am I really not going to make any money?I'm looking to convert my current home (7 yrs old) into a rental.Curr...
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We own two rentals in a small town in Indiana. Property values have gone up approximately 40% in the last two years. We bought a 3bed 1 bath for 125k with a rent of 1,100. We also own a 4bed 2 bath for 137k with a ren...