Any BPers have experience with this?Considering transferring a property with no debt into a single-member LLC in California. It will be structured as a capital contribution, so no value will be exchanged and tax basi...
I have a W2 job that pays me well.I am considering selling my investment home using a Contract For Deed.I will own the home free and clear before I sell it.Payments I would receive from the CFD would be $600-$700 per ...
So, If I purchase a single family house (that I really like) and I rent it out for a few months (or years) then I move into it. How is that treated tax wise (IRS) and investment wise (I may put in an LLC). I obviously...
Hello BP, I've been approached about providing private lending (HML) for an acquaintances house flip. I wanted to know if the income from both the points and loan interest will be categorized as passive income (and s...
Innovative? Strategy
I'm following another investor who's completed somewhere in the range of 50-100 rehabs in a major metro market.
He will do major rehab work while the homes are under contract, BUT before he clos...
After calculating my business plan, I found out that taxation is quite killing for business.I wanted to set up an LLC to get more capital, to get around the 45% limitation for individuals. I'll then be able to get two...
Hi, all, I see in this forum many people are recommending form a LLC and use the LLC to hold rental for asset protection purpose. In doing so, one of the main step is keep all the funds separate from personal funds, w...
Hello, I became a small-time real estate investor/landlord (more by brute market force than by choice). I have been browsing this forum for many months and have learned so much. However, I cannot find the answer anywh...
This is a long shot: A few months ago I read a post from a BP member showing a letter sent to tenants at risk for eviction. In this letter all negative consequences for the non paying tenant are explained in an easy t...