Hi! I would like some help. Last year was my mums first year being a Landlord. Now we are both trying to figure out how she properly files taxes on her rental income. Initially I was telling her to treat it as a capit...
I'm trying to get a better understanding of how much of my rental profit I may be able to keep. If my AGI is $150,000 and my rental profit is $24,000 for the year, after paying the PITI and expenses, in a rough estim...
I am going to roll over my 401k money from my previous employer to a solo 401k account. The amount is beyond FDIC insured $250k. what can be done to get it fully insured?
Hello everybody,
I've found several (3) properties which interest me. They all are owned by the same LLC. The person who I've been negotiating with is the principal of the LLC.
She suggested that one a...
Can someone explain how personal guaranty works on a commercial investment? LTV is: 70/30 6 partners and each is ~16% ownerDo all partners have to sign a personal guaranty (PG)?If we sign a PG and the business can't m...
What prices are investors currently paying for a solid performing note with a decent loan to value, say 75% or so, for a house worth <$100k? Is it 90+ cents on the dollar, or is it lower for collateral worth <$...
Hello BPI need some quick advice. I am working on buying the property that has a previous judgement lien on it for around $18,500 and a past due mortgage with $16,900 in unpaid principal, $2,632 in unpaid interest, $1...
How do Chapter 13 or Chapter 7 effect a note you have purchased or about to purchase? What are the opportunities and procedures necessary to take advantage?Thanks in Advance
I've tapped into a family member for funding. It's my understanding that anything over $15,000 is taxable. Since 50>15, how can my donor avoid being taxed on this "gift".
Under current Costa Hawkins (CH) law if a tenant is not using a rent controlled property as his/her principal place of residence, the landlord can raise the rent to market rate. Doing so usually results in a tenant fi...