Andre Bias
What does scrubbing list mean
Ok so I pulled list for absentee from list source and list from water company and power company how do i cross reference the list so that I don’t get duplicate addresses
Suzanne B.
Help - Lien in County Attaches to Real Estate?
My lender just discovered a lien filed in 2019 against my husband in the county where I reside. When I applied to consolidate my first and second mortgages with a new mortgage through a new lender, I applied alone bu...
James Sudarsono
Can only one member of a multiple member LLC change to an S-corp?
I am a part of an LLC with 3 individuals in the partnership. Can I somehow swap only MY portion of the LLC to an S-corp that I solely own, or do all 3 partners now have to be S-corps?Current structure:We <3 Real Es...
Patricia Vildozo
Taxes for flipping schedule C vs investment
Hello Community,I opened an LLC, purchased a flip with it in 2018, had a bunch of issues while rehabbing it, when we were done with it, it didn’t sell quickly, we try to refinance it, bank made me quit claim deed it ...
Zhi Li
OOS investors, does your rental income get double taxed?
Hi all,I am a newbie investor living in CA and I am just about to close my first rental purchase in IL. But, my CPA told me that since I live in CA and the rent is coming from IL, the rental income will be double taxe...
Austin N.
No Passive Loss Difference for Single or Married
From my research, it appears that a single individual can write-off $25k in passive losses for non-real estate professionals if their AGI is less than $100k. This benefit is phased out to 0 as income reaches $150k. I ...
Steven Gesis
Tenant moved out and so did the mechanical equipment... more....
Recent tenant eviction, although they are rare in my world, they do occur once in a while, this one was like no other one before, tenants of (3) years, stopped paying the rent, we had to evict the tenant, the tenant m...
George Bry
I need a Fix and Flip Property Worksheet
Can anyone point me in the direction as to where, I can find a good excel fix and flip worksheet?It would be greatly appreciated something that I can enter in:Purchase PricePurchase Cost Est Repair CostLoan DetailsMo...
Thomas O'Donnell
Refinancing: What is Actually Required and How Does it Work?
Whenever we hear about investing in real estate, the topic of refinancing at a later date always comes up. Now this can be for a BRRRR, if rates fall and you're trying to obtain a lower rate, or for some other reasons...
Ashly B.
Tax question: Owner financed payments
I am hoping to do my own taxes this year but got a little stuck as I was finalizing my books. I purchased a SFH in Oct. 2021 with owner financing that is still under renovation. I understand that any renovation expens...