I recently ran into this question with my remote multi-family property so want to see whether people have any thoughts or what should be normal practice.I hired a local 3rd party property management company to help me...
1031 funds are not allowed to invest directly with a syndication as a LP. I've heard that one can use a Delaware Statutory Trust (DST) or Tenant In Common (TIC) to partner with a syndication. Anyone have experience w...
Hey guys, my dad had opened an LLC a few years back in 2021. We had opened the LLC in the state of PA. Can I use this same LLC in other states like Cleveland, Indiana .... An upcoming payment is due. The business will...
We just set up our LLC in Illinois to flip houses. I'm preparing to file for our EIN with the IRS and need to decide if we want to be taxed as an S-corp or partnership. I'm all for S-corp except for the requirement ...
I purchased a home in 2019 to flip. Rehab began in 2019 and ended in 2020 and the home will likely sell later this year. In regards to year end taxes, what, if any, expenses from the purchase, rehab or carrying cost...
Good Evening Investor’s,
I am a 24-year-old college graduate of business administration with my focus on accounting. I have had serious interest in real estate for the past 6 months. I have educated myself throu...
Here is my situation. My conventional loan is 172,900 - it appraised for $190k and "off the record phone call from the appraiser to my broker" the appraiser mentioned that all the houses in the area are going f...
got a question. lets say you purchase a tax lien, and before the property is redeemed or you acquire it thru quiet title, what happens if the house is burned down or damaged by the current owner or someone else?? ...
I have a vacation home in the hands of an administrator, but I really wanted to learn how to manage, as I am getting two new properties for vacation season. Does anyone tell me a first-time course? books? I need what ...
I am looking to purchase a multi family in my area, ideally 4 units with an FHA loan at 8-10% down. I’m 18 years old and going to school for business administration. I have 2 major connects in real estate, one is a po...