Wanting to understand how the interest part of our income (partnership LLC) for short term loans- mostly fix & flips, are considered for tax. One accountant said it’s not subject to self employment tax since it’s ...
Hello,I'm looking to understand the process for a seller financing transaction with the owner that is a relative.My understanding is that a Real Estate Attorney would draft a sales contract and a promissory note, and ...
Has anyone done this? For taxes purposes and to keep the money apportioned correctly, it is even possible? Thanks
I am interested in using my W-2 job salary to invest in multifamily apartment complexes. I would like to start out by being a passive investor in a few deals to learn the process. I would welcome your suggestions on...
Hi;
I'm planing to buy a rental property in Buffalo, NY. I was shown a "standard" contract of sale, that contains a clause stating that the seller would not be required to provide a Certificate of Occupancy (...
I’m new to BP and am venturing into buy and hold REI with a skeptical spouse. He supports me using my inheritance funds for investing, but chooses not to participate himself because he lacks confidence in and understa...
Is wholesaling really the easiest way to get into real estate investing?
Hi Everyone,I’m a rookie real estate investor involved in an off market deal ,where the seller would like to use seller financing . We are in middle of negotiating terms as well as a price for the property and I would...
I have two good friends- one a creative Realtor who I consider to be a mentor, and another trusted friend who is an investor looking for a first REI, being a self-described silent partner. My realtor friend has been ...
Greetings everyone. This is my first post :)! So I live in Contra Costa County, California and want to purchase my first property by house hacking a multifamily. My question is that I want to find investors that also ...