David Garcia
Tax Treatment of Gain from Discounted Note Purchase
I own a First Mortgage Real Estate Note with a face value of $90K. I paid $72K for the note, which has a balloon payment in 2 years. Does anyone know the tax implications, if any, when I realize the $18K gain from t...
Account Closed
RE agent in Cleveland working w/ out of state investors
Hi there!
We're coming to Cleveland this coming weekend (6th through 8th of March). It will be our first visit. A realtor was supposed to take us around for the weekend but we have to switch because we understand aft...
Account Closed
Forming LLC to broker money to local investors?
Hello everyone,I have recently formed relationships with a number of real estate investors in my area (Akron / Cleveland, OH) via a law degree I started last August.I happen to have good relationships with people more...
Jordan Richter
Tips on Seller Financing
Hi everyone,I am an out of state investor and I plan on investing in multifamily in Ohio (Dayton, Cincinnatti, Columbus) here in the next 6 months. A type of strategy that I've been intrigued with and have been studyi...
Van Ngo
Commercial Construction Loan
Hi everyone, we are in the process of building a 7 units complex downtown area, San Diego. We are about a month away from getting the permit (2 years now) and we own the land (value at 650K), any guidance on commercia...
Felipe Lecaros
CPAs help! Form 2555 (Foreign Earned Income Exemption)
Hi all,
I am aligning everything to do my first REI in the U.S. and I am wondering if there is any CPA out there that can help with the following: I am a U.S. citizen living and working overseas (for 6 years now). I ...
TIM HUGHES
ALABAMA DEPT OF REVENUE ISSUES
Hello,My issue is that i have not had any feedback from the Alabama Dept of Revenue after requesting a tax deed quote directly from their website. I didnt receive a confirmation email of my request as the website says...
Cristina Santos
2nd mortgage question
Hi Everyone,I'm hoping for some guidance b/c I've called several mortgage companies and haven't been able to receive helpful info. I have a second mortgage on an investment property and want to refinance it. Seems t...
Tim Vest
Guidance on Contacting Bank About a Property
Good day all. Newbie here...been doing a ton of homework, reading forums daily, making connections, etc and am ready to start jumping in.I have a potential opportunity where I happen to have a connection to the former...
Russell Gaston
Long Time Viewer First Time Poster
I'm excited to launch my real estate career. I will be getting my real estate license this month and starting in 2016 my wife and I will be purchasing our first investment properties. I welcome any and all advice an...