Account Closed
Conventional Financing with Other People's Money
Been running into this issue, I am purchasing homes using funds from a partner, who is strictly providing cash and does not want to be hands on in the process. The issue is, conventional financing for investor homes d...
Nick B.
Final K-1 and TurboTax
Do we have CPAs familiar with K-1 forms and TurboTax? I got a final K-1 from one of my investments (it sold in 2018) and don't know how to figure out my basis and sales price from the information provided on that and ...
Peter Thielemann
The best tax advantage on cashing out the IRA if there is any.
I have a relitive that own's several rentals. He's suggested for some time now to invest in rentals. I have a few years left before I retire and I'm digging into withdrawing some money from an IRA. I'm looking into th...
Stephanie Windemuth
HELOC on primary to fund down payment for property in LLC
I've heard many people talk about using a HELOC to help fund properties. Although this sounds great, I'm wondering about how to use a HELOC (on a primary residence) to fund the down payment for a property held by my ...
Allen Magtibay
Strategy for ending an LLC
Hi I'm a novice real estate investor and wanted to pose a question to the RE veterans here on the strategy I should take regarding my situation. I'm in a LLC with 3 of my siblings and we are looking at closing the LLC...
Isaac Kissiva
Owner distribution recovery from property management company
I was working with a property management company, they suddenly stopped sending my distribution, stopped responding to my emails and phone calls. I decided to drive to their office, I found a note, The office is tempo...
Sylvia H.
Maintenance Co. Managers
Hi I was wondering if anyone knows about companies that do nothing but maintenance? I do all the renting myself and collecting of the rents. No issues there but I would love to have the maintenance under one roof so ...
Kevin K.
Signing over title deed vs. closing
Hi BP,I have a lengthy question regarding an estate. My grandfather passed away and the house is to be split between my mom and uncle 50/50. My uncle wants to sell the house, my mom wants to keep it so she'd like to ...
Dmitriy Fomichenko
Drawing salary from S-corporation
Looking for some feedback from tax experts. I'm asking this on behalf of a client. Client and a partner own an S-corporation. Client told me that they never took a salary from the corporation and simply take dividend ...
Andrew Lisi
Using IRA for Down Payment? Good idea?
We are looking to purchase our 1st investment property. As I'm learning more, I want it to be a 2-4 unit multifamily home that we would "house hack." We don't have enough savings for a down payment in Chicago (city pr...