About 3 years ago my Wife's 85K IRA was making mediocre returns and we decided it was time to use it for real estate, which we understand far better than stocks. We converted it to a ROTH and took the tax hit in a ...
Crowdfunding has me really excited. The ability to invest small amounts of money in a lot of different deals is appealing.
Does anyone understand the tax implications of these deals? For example, I live in Te...
Hi there, I'm a 'newb' from Los Angeles, CA and I have a quick question for all of you out there. Here are the stats on a hypothetical Flip deal:Cost: $125K Sale Price: $220K Rehab total: $40K I'm planning on putting ...
Hello, I just purchased a fourplex in Inglewood CA. I'll be living in one, my mom in another, while the two others will be STR. I'm wondering if anyone has any advice on how to proceed from this point as we will be ...
Hi,My partner and I are looking to purchase a short term rental in Maine. We haven't zeroed in on a specific city/town yet but we're focusing our search on areas within 2 hours drive of Acadia National Park. We'd like...
So I was thinking with the luxury condo market slow down and the large inventory we have currently (some condos still under construction, I work on one) there will be deals on older condos next year. Do you think it w...
At what point is an LLC necessary? I read that the LLC requires a lot more attention to detail in order for it to protect any property. If I own two properties, would it be helpful to have an LLC or is it better to ...
In another thread, @Chris Seveny and @Tracy Z. Rewey mentioned that investing for passive income in notes (performing notes/monthly cash flow) isn't great from a tax perspective, and you should use that in a tax defer...
Who would you recommend as a real estate attorney to form a series LLC in Texas? I heard Texas has very good laws.Also, all attorneys would say I must name the LLC myself, they cannot name it for me. What are some t...
I am wondering whether there is an option to charge for the two taxes that exit in Maui (GET and TAT) on top of the nightly rate? I believe it is only possible to add a flat fee for cleaning but not a tax % to collect...