Thomas Visaggio
Buying a 2 Family Asset w/ only $2,500 Out of Pocket
The seller agreed to do a quitclaim sale into an LLC and then sell the LLC to my/my partner. I only have to pay $10,000 (over the course of 1 year with $2,500 being paid upfront) in order to obtain the ownership of th...
Ryan Chaw
Where do you belong? Buy/Hold or Fix/Flip? Perspectives please.
Hello BP members,Please post here which strategy you prefer and why. Are you fix/flip or buy/hold? What are the pros and cons of your strategy?What are some of your personal investments you are most proud of?What kind...
Tim A.
Primary Residence Clause
Hello,I just got the SFH that I live in refinanced about six months ago. I would like to purchase a duplex and move into that property as my primary residence, which I have been approved for financing. After reviewi...
Eli Jerman
Taxes for 2024 - First rental property purchases in August 2024
So I am wondering if I can still use Turbo Tax to do my taxes this year. I am a single individual, no dependents, only live and work in PA. My thought was that I would need a tax guy/accountant to file for this year n...
Steven J.
Vacant land purchase and then lease option it back to troubled owner
I've received a call from a tax delinquent owner with 9 acres of wooded land zoned for 1-3 res. The owner has filed for confession of judgement here in MN (meaning he can have 10 years to pay it back at 10% interes...
Samuel Hailai
Can you check my calculation , how to take deductible for mortage
Hi All, I am buying a property to use it as house hack ( using one room and renting the others), the property is 360K worth, I want to calculate how much tax deductible I can get, whether that deductible offset, the 7...
Get to know enough CPAs, and you'll hear the "light bulb" story.
"I was helping this real estate investor with her taxes... and thought, 'Why am I not doing this?!'"
Yes, there are POWERFUL tax breaks available ...
Arthur Banks
Owner occupied duplex
Looking at a 2 unit 3BD, 1BA, full shared basement that can be sectioned off for secure storage, 2 car garage, separate utilities that I am looking to owner occupy. It's a HUD property in which they are giving $30...
Jeremy Clark
Am I missing something?
I’ve been analyzing deals and everything in my area seems to have such a low profit per door once I factor all the expenses and the mortgage and I feel like I could potentially be more conservative but dont want to ta...
Tony F.
ways to get a property out of corporate ownership
Found an off market property in up and coming area. Owners are open to selling, but just came out that the property is owned by their corporation. Their CPA says they will pay cap gains when the Corp sells, then they ...