Wendy Vaidic
Transferring a Property From One Entity to Another
Hello!Due to a time crunch, I purchased a long-term hold property under my flip LLC, which is taxed as an S-Corp (I know it was a bad move, but it was the only one I had)We have renovated the property and are getting ...
Paul Gast
Pay off seller financing early?
Hello all!I'm new to BiggerPockets, but I've been doing rental properties for several years. I'm looking to add a 4th property to my portfolio and possibly using seller financing for a portion or all of the financing....
Forrest Faulconer
Using a HELOC for Down Payment onInvestment Properties
Hello! I am getting a HELOC in place worth around 90k. For now, this is my best resource to invest in a rental properties. That being said, I am having trouble analyzing the numbers and best refinancing strategies whe...
Christopher Wasowicz
Seller will not turn on the water for inspection or appraisal?
Foreclosure. Cash or construction loans only and the seller will not turn on the water. Period. I’m thinking burst pipes or concrete in the drains. In your experience is that common, what are your suspicions?
Jessica S.
Quick Tax Question About Flipping
I will be closing on a cash purchase for a fixer in 2013 which I will be flipping in 2014. How do I handle this tax-wise?
Is there any problem with deducting an expense incurred in 2013 on my 2014 return?
...
Jesse O.
Do YOU get paid?
So I tend to lean towards the do it myself side as far as maintenance break fix since I only have about 6 doors still. Trying to keep the profits as profits I guess. But I have been thinking, am I saving even less tha...
Sean B.
rental loan adjusting
Hello,
I have a rental condo that I have owned for almost 10 years that currently rents for $1700 mth. The rent covers mortgage, taxes, insurance, and HOA and leaves about $30 on the table at the end of the...
Laramie Hiebner
Appraisal higher than purchase price
So I'm buying my first triplex. We negotiated down to $105,000. And we are a few days out from closing and it got appraised at $117,000. What does that exactly mean because the bank told us that means instant equity. ...
David Morris
Interviewing potential accountants. What questions to ask?
Hi everyone! I am new to real estate investing (have bought many homes in the past but never for investing) but not new to business. I currently am a business owner and have had an accountant for years but with the...
Roger Gelpey
Redemption interest question
I wasn't sure how to search this, so I thought I'd just ask here...When figuring out an amount required for a taxpayer in AL to redeem directly from me is it customary to figure in interest for "use of money" on expen...