Michael W.
Building your portfolio as Business
My wife & I are going to build our portfolio together. I would like to buy and hold and have rental properties. Start with single family, than multi followed by apartments over time. I would like this to become a ...
Jonathan G.
where to incoporate
I live in California and currently acquiring an apartment complex with friends in Texas. Where would it make the more sense to incorporate the holding LLC, Delaware, California or Texas?
Menachem Krasnjanski
LLC for a Syndication
I'm investing in a syndication and I'm wondering if people set up an LLC as a LP in each deal they invest in
George P.
Selling fully depreciated free-n-clear rental - minimize tax
Is there a way to sell the fully depreciated free-n-clear rental property and minimize the tax liability? Except for 1031 exchange - are there any loopholes?
Maybe if the seller finances the purchase, the tax liabil...
Christina Williams
Beginner investor working as a silent partner
Hi BP!I'm new to REI and I'm working with a seasoned investor on a SFR flip so I can learn more. I am putting up about $50k into the flip as a silent partner and he said he's putting up about $30k into the flip. The o...
Ibrahim Hughes
Seller's 1099 Concern Prohibiting Her From Doing A Short Sale
Hi All. I have a seller who doesn't want to go through the process of short selling two abandoned investment properties because they don't want to get a 1099 from the lender and pay taxes on the forgiven debt.
...
Keith Hoffman II
Tax Deduction for Rental Property Mortgage Interest
My accountant told me that b/c my income is over 150K, the interest paid on my rental property mortgages are not deductible. I would only be able to claim these ductions if my income falls below 150K or when I sell ...
Mauricio Ramos
Tax advantage on interest only?
Hello BP,I am working on a deal with a seller willing to owner finance a 6plex. As part of my terms, i am asking for 12 months interest only at first and then start paying off the loan to the seller with interest. The...
John Payne
Tricky question about a 1031 with immediate seller financing
Scenario: John is an older investor looking to fund his passive cash flow while getting out of his real estate investments and Susie is a young energetic investor that is just getting started with all the knowledge sh...
Fillipe Silvas
Do I have an asset or a liability??
I recently bought my first home and live in it with 2 tenants. With their rents, I have enough to cover the mortgage and am left just with taxes and insurance each month. After reading Rich Dad Poor Dad, I am not sure...