Alice He
Tax Questions - from the First Time Homebuyer
With tax season around, I'm sure there are others scrambling for answers to their tax benefits. I have interviewed a few tax accountants and have one in mind. But, I'm trying to arm myself with some tax knowledge so I...
Bret N.
Full original chain VS Full Recorded Chain
I'm buying a 1st NPN via FCI Exchange. What is the difference between Full Original Chain VS Full Recorded Chain and how should I consider this in to the purchase?
Allison Morris
Turning Personally Owned Second Home into Business
I personally own a home with the mortgage in mine and my husband’s names, financed as a second home. The plan is to rent it out as short term vacation rental and have it pay for itself and generate income. Our bank sa...
Josh Thomas
Closing on a performing 1st note - process, legal, due diligence
Before I pull the trigger to sign a Purchase and Sale agreement for a performing 1st note from FCI, I'd like to understand the ideal closing process.Would you recommend I hire a local title company to preform a title ...
Mariah Jeffery
Cash out refy home purchased in LLC name w/ conventional
I have two single-family investment properties that were purchased in the name of my LLC. One was purchased in cash and the other was purchased with a mortgage through a local credit union @ 6.75% for 15 years.
Given...
John Acheson
How would you bring in a partner WITHOUT triggering 1031 deferred
Have a contact that has owned a six-plex for over a decade through a 1031and he has already written off $270K in depreciation so deferred taxesis the primary challenge in forming a LLC assuming that transferringthe si...
Angela W.
Transfer on Death Deed (TODD) vs Lady Bird Deed (LBD).
This may not exactly be a post investors expect to find on this forum but I figured is something to consider when purchasing properties, whether it's your own home or issues that may arise when purchasing residential ...
Tyler Williams
Wholesaling contracts in Texas
What contract do you use when doing a wholesale deal? I’m a rookie investor and would like to try the wholesaling side of it. Any tips and tricks would be awesome thank you!!!
Gabriel E. Galloza
Inherited Tenant on 1st Rental Property
I purchased a Duplex with an inherited tenant that signed a 7 year lease expiring October 2021. The property closes next week, and i find out today that the tenant is also purchasing a home, and he will be vacating th...
Steve G.
Collect rent under an LLC if I own the property personally?
Hey All,I am in the process of aquiring my next rental property and decided to finally put this one under an LLC. We have a dedicated bank account, insurance policy and the property will be held by the company.Now my ...