I am actively seeking investment properties (buy and hold) in the Raleigh, NC and surrounding areas (A & B neighborhoods predominantly) and need insight regarding how to structure an entity that is tax advantaged....
We rehab and wholesale properties, a couple times I have had my wholesale buyers ask about my contract price. Sometimes I disclose it, but most of the time I would prefer not too, as most of the time I think buyers d...
Hi all,
I have choice of move to Las Vegas or New York or California.
I own two LLC , for tax purposes which is the best state to live? I know califronia will charge a lot fee for owning LLC.
Why about Las Vegas or...
Hello All,Firstly I only deal in flips. On all of my previous flips I exclusively use cash (helps me get properties and avoids all of the mortgage related headaches that come along with closing).I am exploring two dif...
I've got my first deal underway. Monthly rent $1600 total for both units. ARV 130K. Picked it up for 62k, and it needs ~20K of rehab. We close in 1 month. I'm intending to do the interior painting myself so that shoul...
Hello!We were just hit with, what I feel is, an exorbitant tax prep bill of $1850. It's a new LLC with just one NNN rental income source. This cost equals 5.5% of our gross income for the year (nearly 2/3rds of one m...
Do these loans cover 'all' types of renovations OR just 'some' renovations. Example: Let's say I want to convert a 2bdrm into a 4bdrm by turning a porch and a dining room into legal bedrooms (they would meet legal...
Here in the state of Missouri you can become a broker after practicing as an agent for two years. My question is more in preparation of getting my brokers license.
What sort of things, expenses, etc must I have or d...
I found a nice tiny home that the present owner built on family land.. Guy is moving to Miami and needs the home moved off the family farm.
It's a raised foundation 1br 1ba built 2 years ago... Shingle roof, vinly s...
Hello All,I am a new Realtor located in Seattle, WA and my goal is to become a a landlord while I flip homes. I am putting in a lot of time into learning the real estate industry but I would also like to building my e...