Hi BP!!!I am interested in getting into real estate and looking at a 6 unit multifamily for $250K.Before I proceed I was wondering which is the best option:1) Get a conventional loan with 20-25% down?2) Get a loan fro...
If I own an investment property titled in my name and my business partner owns a separate investment property titled in their name, is there any arrangement where we could each sell our investment property and pool th...
I started a side business this year with my mom as a mainly silent partner. We have tools, truck, trailer, insurance etc for the equipment for the business and are currently finishing up a house flip that we purcha...
I am trying to organize the purchase of an apartment building from a colleague. The building has doubled in value since he has owned it, and he does not want to take the huge tax hit from selling, but he does not want...
Nothing stresses out a host more than short-term rental taxes.A deduction is an expense you spend on your short-term rental business that can lower your taxable income. This is a good thing! The more deductions you re...
I'll cut to the chase:3b/2ba each unit (built as a duplex so mirror images of each other)Listed for 80kPurchase price- 70k (seller paid closing costs) with 20%down ($14k)Rent- 650/unitPITI- approx $500/monthNeighborho...
Hi all!I'm new here, but not new to real estate investing by any means. I have been discussing wholesaling in depth with several local investment associates and the question I always come back to is: What are the lega...
I'm a total newb to real estate and would appreciate feedback. I own free and clear a 5.25 acre piece of farmground, nice n flat, frontage to well paved road,good school district, in country about 5 miles from a town ...
I recently talked with a lot of people and they told me i don't really need citizenship to start investing in the U.S? So I'm wondering is it really possible cause if I invest there I need to live there and I even ne...
Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...