Carl Dieckmann
Tax Foreclosed Lot in Lago Vista TX
Investment Info:
Other other investment in Lago Vista.
Purchase price: $7,000
Cash invested: $7,000
Sale price: $17,000
This is an unimproved lot in Lago Vista which I bought from Travis County. ...
Allen Lopez
Building homes for a business
I’m just curious has anyone ever sold a loan to a bank? So I am thinking of starting a company where I would buy plot of land, build on it (probably with a loan) and the sell the property for a profit. I am guessing t...
Ran Iarovich
Creating a real estate LLC even though I already own an LLC
I want to use a company to hold my assets in real estate under an entity. One question that I have is if I need to create a real estate LLC entity if I already have a LLC that was not created for initially for real es...
Account Closed
Wholesaling as a foreigner
Hello Attorneys on BP!Is it legal to wholesale a deal (either assign the contract or double close) in the USA as a foreign country resident or is it a must to form a business entity first?I know buying and holding a p...
Andrew Laughlin
Quit claim property to LLC
My parents own a commercial property in Washington state. The property is recorded in their name. My father passed away recently and my mom has asked me to manage the property as a joint owner.
The property has tenan...
Mike V.
Deed's of Trust & Promissory Notes
Hello everyone,In the past 3 months, I started doing small loans with a couple of people and I wante to put a lean on their home when they went to sell it. I got my Deed of Trust and Promissory Note but I've realized ...
Matt Eade
Combining separately owned properties into LLC?
Hello, question... Is it possible to have an LLC partnership (my sister and I) that has a mix of property ownership? We would be co-owners of a 12 unit apt house and each receive a SFH separately through our father's ...
Steffen Vater
Benefiting from passive loss/cost seg without real-estate professional status
So I just found out that the loss ($9,500) I showed from last year's real estate syndication investment ($25k) was useless on my return due to the fact that the IRS disallows the use of this passive loss if AGI is >...
Michael Vilasi
Sending 1099 without formal registered business
Quick question and help needed from the tax pros/gurus in the audience. Thank you in advance. I have two long term rentals. I am not set up as an LLC. In 2023 I paid one contractor slightly more than $600 for HVAC w...
Brian Davison
Distressed MHP Fix and Hold in FL
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $1,200,000
Cash invested: $1,000,000
Distressed 28 units MHP purchased under consent order. Cleared legal iss...