I am about to acquire a property using cash so we can do a fast close. I am then going to finance it with standard mortgage. I thought I could deduct the mortgage interest from the loan but read somewhere I can't do...
I am an out of state investor looking to buy a home (preferably a condo) for turnkey/cash flow purpose in Cleveland or Columbus/Dayton area. Budget 80-90K, cash. Prefer newer constructions in easy to rent areas and pr...
We own several multi-families and I'm clear on the safe harbour ruling to allow those interests to be treated as a business for purposes of the Qualified Business Income Deduction. What I'm not clear about is whether...
I am looking at some land in Eastern Texas that I plan to put either a cabin, tiny home or a cargo home to be mainly used for an STR. I have never purchased land before and am not aware of how financing works? With ...
Hello all, First I would like say hi as I am new to this forum!I am extremely new to real estate investing and would like some help. I want to purchase an investment property but currently own my home so my debt-to-i...
New IRS guidance and proposed regulations were issued yesterday for Opportunity Zones!I'm going to take a stab at summarizing some of the main elements of the proposed regulations given to us by the IRS yesterday. If ...
Hi Tax Pro's, I'm a 'buy and hold' investor & developer with several rental properties, and I'm also considered RE Professional for tax purposes. I purchased a 4BR/2Bth SFR rental property in CA in March 2020. Thi...
Hi All,
I was hoping to get some perspective on how you have organized your businesses finances primarily when it comes to running a fix & flip business.
Generally I'm wondering what account types I should have,...
I am a successful mortgage loan officer and I had a very good 2021. I am closing on an investment property in the next week or so. I can either close late December or early January. Is there any benefit for me to c...
So I’ve read a lot on here about folks inquiring on LLC’s for their rental property’s to obtain asset protection. The main problem I see associated with this and the main reason people seem to shy away from it it the ...