Account Closed
REFI money to pay TAXES
I am currently in the process of refinancing my two rental properties. This should be net me approximately $45,000. Should I pay off my backed taxes or should I buy two more rental properties?Backed Taxes currently ...
Kevin Darrell
Partnership using Self Directed IRA.
If I were to convert my 401k to a Self Directed IRA would it be possible to use those funds to partner with someone and If possible how would that work?
Davidson Francois
What’s the purpose of an LLC???
I’m still learning the financing part of the real estate business but can anyone help me understand the llc aspect of real estate? What’s the person of having a llc when from my understanding you won’t be able to appl...
Kares Waters-Polk
Should I take a sales job to market myself?
Hi All, My husband and I are looking for quick ways to increase our income so that we can reach our goal to be able to purchase our first property. Earned income isn’t exactly our favorite option but for me it seems t...
Bilal A.
Can self storage facility owner/operator qualify for REP status?
Can a self storage facility owner/operator qualify as a real estate professional if it is their full time occupation, and meet the 750 hour material participation and greater than 500 hour rental real estate activity ...
John Richardson
40k Cash but no proof of income. Been working abroad for past 5 years
Well I'm moving back to the USA soon and would like to buy a fourplex for around 200k with a 20% down payment. However I have been living and working abroad for the past 5 years and have no proof of income in the USA...
Levi Koskan
LLC for tax purposes, W2 employee with RE, how to maximize
Would love some thoughts and help with my situation,
My wife and I make decent W2 income as our main source of money but we have two properties. 1 that is a rental, I have a property management company handling it,...
Michael Morrongiello
Can You Deduct Payments PAID on a Principal Only Note?
Can You Deduct Payments Paid on a Principal Only Note?
Situation; Elderly Seller bought their Triplex home for
around $350K Many Many Years ago. She lives in One unit and rents out
the other two Un...
Lamon Woods
Was this an great investment for my first property at 25 yr old
I bough my first property an 25 years old two years ago in 27 now the property was an double wide mobile home 1580 sq ft 3br 2bath I was renting for an year for 550$ an month an I knew my dream an passion was to own r...
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Is this a capital gain?
I'm involved in an assignment or a double closing. Party A is selling her home ( personal not eligible for 1031 I dont think) for 375,000 to party B, then B will sell it or assign it to Party C for a FEE of $50,000.
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