All,I'm planning on bidding on a property at Sheriff's sale in September that has the following liens:$540,000 senior mortgage$21,000 unpaid municipal taxes. There were several other tax sale liens, second mortgages,...
Hey Guys, quick question regarding the taxes I will pay on wholesale fees. I plan to have a separate SMLLC for my wholesale business. This LLC will be taxed as a sole proprietorship starting out. What are all the...
Howdy Bigger Pockets Community!I am a real estate broker in Colorado and have had a few marijuana shop owners chat with me about financing a home purchase. Obviously conventional financing will not fly do to the feder...
Hello,
I have a residential loan on a rental property that is in my name currently. I am planning on selling that property and 1031 into a larger apartment building which will be a commercial loan and held in an LLC....
I will be investing in apartment buildings. I think while reading a real estate book a few years back, I learned that you should possibly setup an LLC for each property that you invest in, to keep properties separate ...
I have read through many threads and get the idea that many people are under the impression that they can deduct their own time on federal taxes. By own time I am referring to completing required repairs, managing ren...
John Schaub talks about some ways he sources notes, including the following:---12. Major appliance, carpet salesman, etc.14. Home repair contractors15. Building supply16. Roofers17. Pool contractors18. The courthouse-...
Does anyone know how to do a title search. What should I look for and what should I watch out for. Is there a website or course that teaches you how to decipher docs that are recorded on a property? I've been track...
In 2005 I entered into a partnership with my brother and a couple of friends. We purchased a single family house to rent out. We (over)paid around $127,000 for the house. The property is titled in my brother's name...
Hopefully get some good response for my question. My mom is retiring soon and has a little money put away in a 401k. I have been trying to figure out the best way to re invest the money as well as the easiest way to l...