Nolan Gottlieb
Lending Money as 1st Position tax question...
If I'm wanting to lend money to someone with my private money, for them to purchase or refinance and I'd be recorded as the 1st position lender, would that money be a tax write off? Obviously, the interest I earn from...
Eric Doud
Capital gains tax
several years ago my parent build a cabin in Montana that they estimate is worth and would sell for 750,000 to 800,000. This is there primary residence, and are married so they would be able to keep the first 500,000 ...
Jeremy Komer
Not Enough Money to do all 3, Have to pick 2 =( need help picking
Hello everyone, for once I actually have more good deals on my plate than I can actually finance.I feel safe doing 2 because I like to have a solid amount of money to deal with unexpected items like furnaces or water ...
Malik Welch
Doing multiple rehabs with revolving debt
Hey BP I have a scenario question for any rehabbers or Accountants.If I have a private lender lend me 100,000 for a year at 12% APR for me to use the money as many times as I'd like through out the 12 month period do...
Christopher Cole
Lurker emerging from Arlington, VA by way of Denver
I have been just reading in the background, but I figure I'll introduce myself now.When I lived in Denver, I bought a duplex, lived in one side and rented out the other. Some good and bad experiences, but generally a ...
Bruce Zhou
Need advice - buying my 1st investment property
Hey guys,I am new to real estate investment and have some questions. I have about 200K in the bank and I am hoping to use them to do some investment.1. My plan is to start looking for houses in cities that only cost 1...
Joshua Davis
LLC structure help needed
I am starting up my LLC with my wife and am wondering if we need separate LLC to manage the assets from the LLC as property investment?I have one property paid off and second property under a mortgage which I want to...
Ran Iarovich
What are the closing costs that buyers and sellers pay. Is it different per state?
I was wondering if you had any input as to the closing costs that you typically conduct deals with and charge buyers and sellers.Is it different based on the state that you operate in?
Ilona Kovacs
Self Directed IRA for Notes & Tax liens?
Hi Folks!I have decided to invest in notes and tax liens.Wanted to get advice on the best company that could help me transfer my Roth IRA into a self directed one, so that I can purchase notes and tax liens.I'm from N...
Jay Hurst
What goes into cash to close? What are closing costs and what are pre-paid items?
There is a lot of confusion about what comprises closing costs and prepaids and understandably so. I see a lot of posts on Bigger Pockets asking if I should refinance because my closing costs are XYZ. Often, these num...