Chase Maglangit
Nevada corporate headquarters incorporated
I was just wondering if anyone worked with Nevada corporate headquarters? They work side by side with rent to retirement and seem like they are giving more than I really need in order to own one turnkey rental propert...
Chrissy Gray
Removing Interest of 1 Partner in Raw Land Partnership
2 years ago I purchased an acre of land in Arizona with a friend. Their father agreed to pay cash for it and my friend and I are now paying him back over the course of 6 years. All 3 of our names are currently on the ...
Anthony Angotti
Buying a Property In Foreclosure Process
Hello Everyone,I have a property that I am looking to buy that is a bit of a complicated one for me that I need some help with. I'm going to consult an attorney to be sure how to do things (if I even can), but I wante...
Shane H.
1031 Expert -- 1031 exchange using a related entity - plz help
Hello I presently have a duplex under contract and am hoping it will close sometime in December. I'm planning to 1031 the sale into another property.My ideal situation is to 1031 this duplex into a new construction ...
Kris L.
Personal Residence Shouldn’t be in LLC Right?
While it may be a good idea to put rentals or flips into an RE LLC I probably shouldn’t do that when buying my personal residence (not a house hack) correct? Otherwise I would lose out on mortgage interest deductions...
William McMullan
House Hack in college
Hey BP forum. I’m a college student in Arkansas and am current renting an apartment for around 900/mo (rent+all utilities). A 4b/2-3ba home can go for around the $100-$150 thousand range here.I have the credit and fin...
Paul Bogdan
First House Purchase Financing Questions(Live-In Flip)
I am buying my first property and have enough cash to cover the 20% DP but the property needs some rehab work to increase the value and I am taking a private loan to enable this. Hypothetically let's say I purchase th...
Kimothy Bynum
Is cash flow taxed? Let me know.
I was wondering if cash flow is taxed? Once I'm fully rented out I'll receive around 500 in cash flow. Should I save a percentage of that for taxes?
Anthony Wick
Hey CPA person, can I sell my duplex to my LLC?
I own a duplex in my name only. I also own other properties in my LLC, which is comprised of two other unrelated partners. Can I quit claim deed my duplex over to my LLC, and have my partners pay me directly for 2/3 v...
Paul B.
Land sale - seller finance or lease-option?
Hi BP,
Looking for some advice here. I have a buyer for two lots, but they are short on cash. We were considering seller-financing or lease-optioning. There are pros and cons to each of these, including all t...