Lyle Cooper
Real estate professional qualification
The real estate professional rule states:"A taxpayer will be considered a real estate professional if (1) more than one-half of the total personal services the taxpayer performs in trades or businesses are performed i...
Daniel A.
An alternative to the 1031 Exchange. Thoughts?
I am in the process of selling an older, somewhat run down Victorian-style house. I, of course, want to make the most that I can off the sale and while I am eager to invest in more properties, the town in which I live...
Account Closed
The Effects that Bitcoin Will Have on Homeowner Costs
Buying a home is one of the biggest investments most Americans will make in their lifetimes. However, despite major advancements in technology, there haven't been any notable attempts to reduce the cost and expedite t...
Douglas Peterson
Adding staff
To Fellow Investors,
At what point in your business did you or would you choose to add part or full-time staff instead of using independent contractors?
What position did you or would you hire first?
Thanks for you...
Patrick Rowe
What do you think about this deal
I have my first rehabb under contract for $62,000 it's a 3br/2ba 1531 living area. I have a local bank that will finance 90% of the deal. There are housing in the area selling for $90 per square foot. My banker had th...
Bennie Overton
Questions about forming LLC
Hey Everybody,First time poster. I'm almost about ready to start jumping into investing, but I wanted to get my LLC formed first. Had a couple questions:1) I know the whole purpose is to separate the individual from t...
Brittany P.
Buying First Note through Paperstac
Questions for all you seasoned note investors: does Paperstac's built-in auditing services furnish a title report?If not, what are we getting out of the auditing services on their platform? I'm just trying to figure ...
Julio Gonzalez
Does Your Property Qualify for a $2,000/unit Tax Credit?
If you are an owner, builder or developer of apartment buildings or residential homes, there is an opportunity to earn a tax credit of $2,000/unit or dwelling for energy efficiency. This credit is known as the 45L Tax...
Ravinder Mahal
Establishing REP status for purely NNN properties?
Has anyone successfully filed an tax return as a Real Estate Professional while managing a purely NNN portfolio?
If so, what activities did you document to prove that you materially participated in active managememt?
Jenine Kenna
LLC and bank accounts
Hello! I'm a real estate agent and an attorney (not practicing). My brother-in-law is a licensed contractor. We are ready to start investing and need some advice on starting an LLC and bank accounts. I know some in...