Phillip S.
Indemnity deed of trust - is it a good idea?
Question for anyone who may know the ins and outs of this. I'm in the process of doing a blanket refi on two of my properties that are owned by my LLC. The bank is setting it up as a commercial loan where the LLC is...
George Leeman
Best lenders in florida? Mortgages and home equity loans.
The best I have found is quicken loans who will give me 75% cash on the appraised value of a property. I am hoping to be able to do 80% of the appraised value of a property, assuming the interest is the same. Anyone h...
Account Closed
Chicago Newbie looking for advice!!
Hello,
I am currently interested in buying my first small home. This one house I am very interested in unfortunately does not have a garage. This is somewhat of a big issue for me as I restore cars on the side. The h...
David Ramos
Tax Approach for Wholesaling
Good day BD Community!
I wanted to know what would be the best approach to minimize the tax implications on a wholesale deal. On previous forum posts I noticed that the 1031 Exchange does not apply for this t...
Max Emory
Bookkeeper / Real Estate Investor: Business Expenses
Unfortunately, the burden of proving and qualifying business transactions for the IRS is on us as the investors and small business owners. Most people think if the IRS can’t prove something wasn’t a business expense i...
Rod Borges
Interest Deduction 1098 INT Form
Hi there,I purchased a home to rehab in 2018. I'm still working on it to sell in this year (2019).I have received a 1098 Int for the interest paid for that property.Should interest be filed on Sch A or Sch E?The prope...
Chad Castanino
Just getting started. Should I form LLC right away
Just getting set up with necessary information to get started in the business and through educating myself I have decided that in order for my business to run and for personal protection we will need to form an LLC. ...
David Kirchhoff
NY eviction for nonpayment question
have a tenant in NY that is always paying late "checks in the mail" BS every month. Served her the 3 day notice to pay on July 7th. Her response to process server "I'm not worried about this". No call to me advising w...
Prashanth Ven
Seeking advice whether to sell
Have a property (new build) in North East SA, rented for a year & unable to rent for almost ~10 months now, selling in this market would incur > 100K loss as impossible to compete with builders. In unlikely sce...
Hamik Aghanian
Cost to attend HOA Meetings
I have a noisy tenant with a sensitive neighbor that just can't seem to get along. The neighbor keeps complaining to the HOA and I get called into board meetings. The problem is that I live 50 miles from the propert...