Hello,From what I have been given to understand from a CPA, he  mentions that Carried over Passive Losses from Real Estate Rental Activity cannot be utilized when you sell only one of your properties in your LLC. You ...

Hi,
Looking for some advice on a rental property I have, there are 2 brothers on lease and have been living there for years. Never any issues with them. This week one of the brothers came home and worried about the o...

Looking at purchasing rental property(s) in a Phoenix neighborhood.  Everything about the neighborhood is great, except the stray cat problem.  There is a cat colony there, not just one house, throughout the small nei...

THIS WILL BE OUR FIRST HOME PURCHASE (3 CO-OWNERS). WE ARE REMOTE BUYERS. THE SELLER HAS A REPAIR COUNTEROFFER.We're not sure how to proceed, any advice would be greatly appreciated.
About the house: It's in Tampa, a...

My husband and I just filed our Articles of Organization with the state of SC for our LLC and now I can apply for the EIN. I don’t know whether to do LLC, partnership or corporation. The business is for wholesaling an...

I’m trying to understand how to structure a 2 person partnership.Money and profit is split 50/50.But the loan will be in my name. We’re doing the first few purchases with an Operating Agreement only.Does anyone see an...

Would like to get the opinion of members on their experience using Roth IRA funds as a first time homeowner. Is it true that if you are a first time homeowner you can use money from a Roth IRA for a down payment? Can ...

Hello All! I am currently a residential real estate agent in the east valley of the Phoenix area. I am interested in finding a niche that I can really thrive in...just haven't found it yet haha, but I figured this wou...

Hello!
A friend is exploring a potential professional opportunity that would require her to be in NYC about 2 days a week. To lessen the commute burden, she is thinking about investing in a small property about 1hr b...