Ryan Parsley
Using my LLC or my personal name dilemma
Hi all, maybe not so much a dilemma but i'm having trouble finding answers and cannot get an appointment with my attorney for another week or so. Background- Just starting out, have a fix and flip in sight. I have cre...
Daniel Paloscio
What Instruments Other than a Mortgage Can Secure a Hard Money Loan
Hey Guys,
I'm using a hard money lender that's requiring me to record a mortgage at closing. The mortgage tax on that isn't cheap. On the house i closed on yesterday it was over $800. Doing several of these per year ...
Dimitri Paspalaris
Bank Account for investment properties
I am getting ready to close on my first property should I set up a business bank account to put my cash reserves and for the rent checks to deposit into? Thanks for all of the help.
Jacques Cyr
Selling stock - Capital Gains tax deferral if investing in Real Estate / RE?
Noticed a few post related to 401K and access as a line of credit for funding REI: http://www.biggerpockets.com/forums/49/topics/7460...; however, I happen to also have some stock options I'd like to leverage. Concern...
Brian V.
How does the government look at income from real estate?
If someone bought a property today and rented it out, they would declare the income on their taxes. The income would be passive. There for based on my understanding is someone who collects Social Security Disability ...
John Corey
Achieving USA accredited investor status?
I am familiar with the tests that involve one's annual income or one's net worth.While researching the topic, I saw the following in Investopedia. In 2016, the U.S. Congress modified the definition of an accredited in...
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?
Olga Merino
Does Owning Rental Properties affect your Social Security Income?
My dad is close to hitting his retirement age and has heard that he needs to either sell his rental properties or pass them down to his children in order for his social security income to not be affected. Is this true...
Account Closed
Help creating a note for a friend loosing property to taxes
Hey guys,I have a friend of a friend who is desperate because he's about to lose his property because of unpaid taxes (2yrs of unpaid taxes, Texas). I would like to help him and maybe invest my cash in creating a note...
Sathiya Deva
Planning to invest in multifamily unit...
I live in Thousand Oaks California. I have one single family rental unit(zillow estimate $650000). I have a equity of $250,000. I don't have positive cash flow in this property. I have one rental condo unit in Simi Va...