Hey all!
I hope all is well :)
When it comes to real estate investing, I've heard that many investors choose to form a two-member LLC with the default tax status as a partnership. However, I'm curious to know if it'...
It's my understanding that if there's a "partial exclusion", I'd use a Form 8949 with Code H...And if it's "fully excluded" and there's no 1099-S issued (which I indeed received no 1099-S), then I'd simply not mention...
My wife and I are looking to invest in a couple of quadriplexes and were wanting some tips and tricks that come along with this type of investment. This will be a new venture for us, as we have only ever owned single ...
Good Morning BP,I am John Walter and I am new to the Real Estate and BP forums. I am located in Minneapolis, MN and am looking to get into a multi-family home. I have done a fair amount of studying and learning over t...
My wife is in a short sale contract for a 3-unit multifamily with an FHA owner occupied loan. We do not know if or when the bank will approve this deal. I am not under this loan.We need housing soon, since our renta...
Hi AllI would like to generate financing ideas for properties beyond ten conforming loans. Lets imagine a scenario...10 x SFH average value $100k20% - 25% downTotal property portfolio value = $1 millionTotal Loan bala...
Hi all - I'm a relative novice on the subject of using an IRA to invest in Real Estate and am familiar with the basics.I am in partnership with my father in "XYZ" LLC. Our LLC presently owns 4 properties (1 duplex, 1...
Hello, Anyone has experience using REPS status via their wife or husband to offset W-2? MY 2024 W-2 will be more than $300K and this year (2024) I married a real state agent. I have been reading a lot and educating m...
So my partner and I plan on owning property later this year. Both of our spouses are on board. We’re just raising capital and educating ourselves. Not to mention I have a baby on the way. Right now I own a single fami...
Question: My 94-year-old father-in-law in Law is very well-balanced in assets . He has a home in WNY that is owned and was a marital primary residence until the demise of his wife. Now, if he were to sell he would owe...