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Results (1562)
Jack Lee Should I set up an LLC now or wait until after refinance?
2 October 2022 | 9 replies

Hi guys, I have recently closed on my first investment property ever. And just consuming as much information as I can, I initially planned on transferring my asset to an LLC (will reach out to lender before doing so a...

William Westfall Rental Property Flood Recovery
1 September 2017 | 17 replies

On 7/11/17 we had over 10 inches of rain in less than a 24 hour period. Needless to say our rental basement was flooded with the water line coming up about a 1' above the main level floor. 7/14/17 - Police finally all...

Brian Schmelzlen 2018 Tax Law Impact on 1031 Exchanges/Cost Segregation
22 June 2018 | 13 replies

The new tax law made it so that the gain on the sale of personal property can no longer be deferred through a 1031 exchange (1031s can now only be used for real property).Likewise, the new tax law made cost segregatio...

Tyler Baldwin IRS finalizes Cost Segregation Rules (and timeline)
25 September 2020 | 35 replies

The treasury dept and IRS just released the final set of regulations for the popular 100% bonus depreciation schedule. And great news for the Real Estate pros trying to avoid taxes... the “placed in service” date was ...

Andrew Poitras Becoming Licensed in NYC
1 January 2018 | 23 replies

Hey everyone, Andrew here from Brooklyn.Today I am reaching out because I have passed my Real Estate Licensing exam to become a licensed real estate salesperson within the state of New York. I have no initiated the li...

Account Closed SBA EIDL Loan went through!! Unlock credit files to verify ident
16 June 2020 | 33 replies

I applied for an SBA EIDL loan almost immediately after they announced it. A few days ago I got a note saying they still have my app and sit tight. I got a 2nd email yesterday saying they were going to process it, and...

Account Closed Self directed IRA/Checkbook IRA?????
10 September 2017 | 39 replies

I'm looking at a company called Safeguard Advisors who deal in self directed ira's and other investment. I would like to know if anyone has used these guys. If not can anyone offer advised on where to go to open a ...

Rita Temple FHA Loan and flipping first house
6 July 2015 | 11 replies

So please correct me if I'm wrong. But, I have to reside in the house for a year if it is a FHA loan?   What if I was to find a house and use the FHA plus 203k loan, then once I'm ready to sell convert to a convention...

Andrew P. Trouble getting a HELOC becasue of DTI (lenders using tax forms)
27 December 2021 | 13 replies

As the title says, I am struggling to get a HELOC right now. I have 3 properties, all cash flowing really well (yes, I am including vacancy, repairs, and funding a CAPEX account). However, as a result, of my tax forms...