Phillip Y.
Sold for $10
Hi folks, what does it mean when it says that a house sold for $10 on Zillow/Trulia/etc? I was watching a house listed for $59,000 that needs some love, but isn't that bad (I drove by it). Thanks in advance!
Leigh Ann Smith
LLC's and Irrevocable Trusts
An attorney told us that an LLC would be best protected if an irrevocable trust is a 10% owner of the LLC. We've decided not to retain the services of this attorney. I'm not asking for legal advice here, just your u...
Weng L.
Tax for rental incomes from properties under LLC or S Corp
Hi all, I have a question on how tax is reported for rental incomes from properties under LLC or S Corp
Fannie mae and freddie mac limits each borrower to have no more than 10 financed properties. I've seen people me...
Kyle Meyers
1099s
As I understand it, 1099s are required for anyone I pay $600 or more during the year for my rental property investing. I have a few questions about the exceptions though.
1. Do 1099s have to be sent to cities or coun...
Josh Oaten
What happens next in the economy - Change My Mind!
What happens next in the economy…- The Fed will loose control of inflation, as they never really had control of it.- Corporate debt service default will increase in droves, starting with pensions and retirement funds....
Kevin Leipsic
Just Starting Out in Real Estate Investing - Should I create an LLC? Or?
New to investing. About to start purchasing Section 8 homes in the next 60 to 90 days and wondering how and if I should set up a corporation of some type to own the properties to protect my assets and get the potentia...
Bill W
1099 contractors
Do I have to 1099 every contractor I use on a flip, or is my check receipt all I need.
Kim Wu
Buying investment property with personal income vs. corp $ in CA?
Newbie here.I run a small business and it's generating healthy revenue.Looking to invest in my first investment property and was wondering if I should purchase with my personal income or buying it through corp?I am co...
Demetria Sanchez
Wholesaling with a Trust
Hi everyone ,So I was curious as to the correct steps one would take when wholesaling using a trust. Here is my understanding :1. Establish a corporation 2. Establish a trust (this trust would be used to list my endbu...
Jessey Kwong
Where to start as a Canadian investing in USA?
First time poster here.
Being from Canada, and with properties out here in Vancouver, it just doesn’t make sense for me to be investing here and South of the border just seems to better deals, cash flow, and growth.
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