Yeshua Williams
Positive Income Issues do exist. Any advice would be great.
A little while back we acquired a property that was a real fixer-upper. Well, we did a good job and now have positive cash flow. In terms of positive cash flow, what do you do for taxes? We'd like to take some out...
N/A N/A
Interesting scenario...
I am working with a developer in purchasing builder close out units. The development is 180 units with 10 remaining. All 170 units were sold at market, I am receiving a 40% for taking down all ten.
Here is where it...
Perry Ivy
Self directed ira's and lawsuits
I was recently told by my financial advisor that retirement accounts are lawsuit proof, does the same apply for a self directed account that is invested in real estate, or will the type of investment open you up to li...
Tyler Blackwell
What to look for when buying raw land to possibly flip?
Hey all,
An out-of-town individual has a 1.75 acre parcel near me listed on CL. He's an investor that bought the property at a tax foreclosure auction for very little money. After a couple years sitting on it...
Chris Adams
LLC that holds rentals and flips
I hold my rental properties in my LLC, recently I flipped a house that purchased Oct 2013 and sold March 2014.
My Accountant as told me that if I flip a short term hold property that is held in the LLC that h...
Sudhakar Mv
Not able to get home insurance for new house due to claim history
Hello,
I am in escrow for new primary house in San Diego, CA. I am not able to get insurance based on my claim history on my rental properties in the past 2 years.
Please let me know if you have any inputs or agen...
Joe Splitrock
How Do I Collect From an Ex-Tenant
I have a tenant that left last October after being in the property for 5 years and there was damage in the property. I was very reasonable about assessing damage and made sure to prorate everything based on useful lif...
Dwaine Clarke
sub2 question - keeping the insurance
I am putting a subject to deal together and the seller is ready to go.
Seller has a HELOC. I will be taking this over sub2. Putting the house into a trust and(ex 123 main st trust) assigning my company as trustee
Th...
Account Closed
Sect 179 / Bonus Dep. against W2?
Hi all,
Topic isn't new, but I've searched for this specific situation and come up empty. I bought a truck (>6000 GVW) and a rental property in 2020, both of which were placed into service. I do not have an LLC se...
Debbie Mireles
Green as grass
Hello all. I just took the plunge and went pro, I'm ready to start learning and earning. I have my real estate license, but I have not done any kind of deals yet and I need to gain some experience. My goal is to do...