Justin R.
Put primary residence into LLC in order to 1031 exchange it?
Hey fellas,One of the members of our LLC wants to contribute his personal residence so that we can 1031 exchange it up to a larger multi family. If he moves his personal residence into the LLC would that allow us to 1...
Darsh Kumar
Purchasing Parents Home as 1st Rental Property
I have been in talks with my parents about purchasing their current home and I'm renting at this time. Their mortgage is too high for them to afford but with my income/credit, I'd be able to purchase their property. T...
Elizabeth Jackson
Should we switch properties to LLC?
Hey all! I’m looking for some input. We currently own 3 rental properties across Texas, Virginia, and Washington State. They were all originally Owner occupied and then turned into rentals when we moved. I’m wondering...
Levi Stillman
RE Loan Qualifying Question
Hello all,
Wondering if anyone has ran into this situation personally or as a lender.
When submitting paystubs to qualify, do lenders look if I am "exempt" for taxes or not? Before qualifying, should I switch this ...
Account Closed
New to being a landlord
Hey! So we are new to being landlords. We have people renting our home but I’m not sure how to go about telling our Mortgage company that we have people renting. How do I switch it from a personal to a rental? Am I go...
Kerry M.
UBTI - Do these provisions apply?
After repairs, we plan to cash-out refi, repay the 401(K) and rent also. If UBTI on Debt-financed property applies, does it stop when we repay the loan? Or does it start when we've afterwards collected 1,000 in rent...
Rodney Miller
When does an investment become a security?
I was under the impression that when you pool together investors on a syndicated deal, you have essentially created a security. I was having lunch with a local syndicator with several deals going and he told me that ...
Marc C.
Easy Syndications in New Mexico via the 202N exemption
There had been some discussion on the issue of securities laws and how they apply to partnerships and investors in real estate projects. Well, worry no longer: The State of New Mexico will allow 10 investors to form a...
Austin Gallogly
International Retirement Programs
So while I was looking into Belize Real Estate, I noticed that Belize offers a retirement program. You can find the details here (http://www.century21belize.com/retirement-program/), but that isn't the purpose of this...
Trevor Fritz
Live-in Rent Tax implications
I am closing tomorrow on a condo property in Chicago. It needs a significant amount of work to rent it out, but mostly just the basic renovations (kitchen, bathroom, flooring, paint). I can do much of this work with m...