Li Tolentino
Tax consequences for IRA investing in Syndication
What are the tax consequences for investing in syndication project with a self directed IRA? I was told by a IRA company representative that I may need to pay UBIT (unrelated business income tax). Is that true? The pr...
Eka Linwood
HELP! Foreclosure due to Previous Owner not paying Tax
So I closed on this property (triplex) around Mid-Feb 2020. I just found out thru a letter from the county, that I am now in foreclosure because I'm apparently delinquent on my property tax. I thought this was weird o...
Heidi M.
What do you supply tenants?
Just wondering what everyone supplys tenants. For example, I give my tenants bug spray, instead of paying a professional to come out and spray. Does anyone supply weed killer or fertilizer? Heater and AC filters? W...
Rick C.
Best Practices for Maintaining the Corporate Veil of an LLC
I own several rental properties in an LLC. The LLC has its own bank account/credit card which are only used for those properties, any bills/contracts are always signed with "Manager XX LLC" next to my name, etc. Are t...
Besnik Kadriu
Private money for a
Hello everyone, My question is , let’s say I got 100k from a friend for my investing. Do I put this money in my bank account.? What do I tell my bank etc ? Or a separate account ? Some clarity would be very helpful? T...
Austin Davis
Wholesaling Washington State
So I've only just started my REI journey myself, but I've gotten reacquainted with an "uncle" (family friend) that has dabbelled on/off with real estate over many years. He came to visit us this past week, we got to ...
Brian Murphy
Rolling property into your LLC
Question:
Within 3 weeks of purchasing my new condo I rolled the title into my LLC. However, I was unaware that I was going to get a tax bill. I'm assuming I received the bill because my LLC "bought" the condo. Is...
Chuck Masters
Insurance for Properties in Florida Land Trust
I have 2 properties in Florida (live in Maryland) one is a long term rental and the other is a short term rental, both are in our personal names. Wanting to move these properties into an LLC but I find out we have to ...
Sumit Sehgal
Protest Property Tax
Hello all,I received my property tax bill for 2022 (Bexar county in San Antonio).My property tax is significantly higher this year than the last year which has now made the property's cashflow negative.Anyone know of ...
Terry Royce
Paying Transfer Taxes on a Wholesale
I was talking with a friend who works at a title company here in MD. I was asking him about assignment contracts and he said that alot of companies don't do them because it can get THEM in trouble. His reasoning was t...