Edi C.
Transfering Property to Company - Basic Questions
Hi Community,
I would like to ask about transferring a property from personal to a company to better protect on a personal level and the other assets. My main question is how it would be this process and if it’s doa...
Matthew Heffernan
Indiana, first rental property up/down
Hey all! I’ve finally pulled the trigger and now a few weeks from closing on a 2 unit in my “back yard”.While I’ve read about many tax / write off advantages to investment properties, I wasn’t planning on getting an ...
Michael Plaks
Refinanced interest - is it tax-deductible?
This post is meant for my accounting colleagues - an invitation to debate, basically.Let's consider scenarios.1. (clear) You buy a rental with a $100k loan. Two years later, you refi into a new $100k loan with better ...
Matthew G.
How To Cancel Contract...And Get Earnest Deposit Back
I have house under contract that I would like to cancel. We found out during the title search that the owner owes more in personal taxes than the purchase price of the house!
The title company is telling me t...
Account Closed
Hard money loan for my personal home as collateral??
I was wondering if anyone can help me out on a Hard money loan question in the Tucson Arizona area.Well like any real estate investors starting off I run into another roadblock..To keep my story short:
I want to focu...
Linda L.
Land Trust without LLC
I just start looking for my first rental property. At this point, LLC might be costly, so I don't consider to use LLC as my land trust beneficiary.
For the privacy purpose, can the land trust apply for one tax ID num...
Richard Yount
How to Set up Finances - First Property House Hack w/ in Law Ste
Hello All,Thank you in advance for the help. I'm reaching out as I'm getting ready to make my first purchase of a property. To give you the details on the property, it's a single family residence with two in law sui...
Mary Jay
Anybody have an out of state LLC operating in Pennsylvania?
Hi guys,Does anybody have a foreign LLC (an out of state LLC) holding ( owning/operating) a Pennsylvania property?
Lynn Anthony
Cash put refinance to BRRRR
I am doing a cash out refi on my personal property so we have the cash to buy a BRRRR. This is our first time doing this and after reviewing the refinance mortgage paperwork there is a page for the commercial purpose ...
Hiren Patani
Lease or to buy
Below are my questions whether to buy or lease a car? 1) Let's say if one buy's a new car under his/her personal name or under company name (driving for business more than 50% but some personal use too), then they can...