Justin Summers
Dealer vs INvestor IRS classification
I own a Real Estate C Corp that Flips properties. I also own a construction/ design company that gets paid from the C-corp through a 1099 each year when I do construction or design services for the C Corp.
Averagi...
Account Closed
start date for long term / short term capital gain determination
what is the reference date to determine long term / short term capital gains for a real property?Is it the actual payment date? the sale contract date? or the vesting date?I tried to look it up but found nothing concl...
Aaron Hays
Refinancing Question or Clarification
Hi all,I just recently joined this forum, and want to say that it's an amazing resource. I wish I'd found it earlier. I do have a general question about refinancing, and I'm sorry if it's been asked before, I searched...
Seamus Garvey
LLC or partnership question
HI all...looking for a little guidance. My wife & I, along with her sister & husband, are looking to purchase a lake property together. We will use primarily as a vacation home for ourselves, but may at times...
Andy Madden
Sales price won't cover seller's debt obligations
Hi all,
I'm a real estate investor in Pittsburgh, PA with 7 units under ownership. I'm currently under contract on another duplex, and have been since mid-November. The closing on this contract has been extended seve...
Todd Powell
HELP! Do I pay rental HELOC debt or acquire more units ?
I am new here today everyone. I have flipped 25 or more units until I saved and now have many off market buy and hold rentals, four 4 plexes, and 50/50 ownership with my son @Jason Powell on a 5 plex and 8 plex. I als...
Eric Upchurch
House paid off, want to take out cash to invest - help?
Thinking about taking $250k out of a house I just inherited (with two siblings) in the SF Bay Area to invest in RE. Can anyone tell me what strategy I should/could use? HELOC? Cash out refinance? Other?Any issues I sh...
Christopher Kerby
Structuring partnerships with investors
I have investors wanting to partner with us because we are gaining some attention in our real estate LLC. I just wanted to hear some ideas of how investors are structuring deals with partners. Keep in mind I own the c...
Shawn Blake
Do I need a title company for this?
Looking to purchase land directly from a seller and they have assured me that they own the land outright and also advised me that I can confirm their ownership with the local county. However, is it normal practice to...
Puran Patel
Changing my name to LLC name in lease
I recently bought a single family house (for renting purpose) and I have applied for an LLC last week and waiting for certificate to arrive (should receive by this coming week).
I found a tenant yesterday and did ...