Brian Egr
How much do you pay in taxes on flip profits?
Here's my scenario, I just started flipping this year, I'm flipping under an LLC, I'm on my second flip - first one went well second one is going OK. I will own the second property for about 4 months (hopefully, its...
Alfred Green
Legal boundaries? Seeking private funding for tax lien properties
I found 2 different Craigslist ads recently proposing 20%-36% ROI, which are obviously tax lien properties in various states.
I've considered seeking private investors to fund this while making a small percen...
Ryan O.
Deal Structure with Partner
I have a partner willing to fund the purchase price and half the rehab/holding costs of a fix and flip. Is a shared appreciation mortgage the best way to protect his interest and make sure I'm not stuck with all the ...
Brian Garrett
Why do investors choose LLC's over S-Corp's?
I always see discussions where investors ask about creating an LLC for their business.How come people never discuss S-Corps? Are they not common in the World of REI?I currently own several S-Corps in other industries...
Brice Alef-Torrisi
New Renter First Month Rent and Security Deposit Handling
Hello Everyone,
I recently bought a 3-unit investment property in Michigan and have plans to rent out one of the units to the sister of one of the neighbors. I have her staying in the one br while we renovate the oth...
Gary Fox
Ownership by Contributed Capital vs by Tax Capital Accounts in small syndications
Found this site looking for a JD or CPA (or JD/CPA) to answer one question. Sole manager for these (small, < 2.5M in investor funds max) syndications has been convinced by his CPA that the only IRS-compliant metho...
Account Closed
401K Conversion to Roth
Last year I converted an old 401k of mine into a Self Directed 401k and used that to buy and refurbish a few properties and now the monthly income is very nice and I sleep at night knowing I'm not overly reliant on th...
Alex M.
Bank account for rental properties
So I am about to collect my first month's (plus last and security) rent on my first property - rental application in, background checks complete, initial deposit provided in the form of a check... but I don't have a b...
Mike Matern
HELOC as Down Payment on Duplex
I'm trying to purchase a duplex with my parents. They are considering getting a HELOC on their current home which is paid off in full. The duplex is for sale for $300k. Is it possible for me to get a conventiona...
Kevin Dong
Can I get cash out refinance for a fixed rate by profolio lending
Shopping around for fix rate cash out refinance by profolio lending. I don't know why couple local bank only do adjustble rate for profolio lending in florida