Hi All. I am planning to purchase a 2nd home. It will need renovations, after which I would like to refi. I also want to put the home in an LLC. Should I assign the contract to the LLC when I purchase or when I refina...
My friend is non-resident alien, who will invest a lot on Rental Properties, he wants to avoid 30% withholding on the rental income, and get protection for his personal assets, which business entity or business struct...
Can somebody @Ann Bellamy please explain why hard money lenders only lend to business entities and not people? I'd specifically like to hear about any Massachusetts laws/regulations. Thank you.
I am new to this forum but have seen some really great posts, advice and experiences shared on this forum. I am new to real estate investing and thinking of starting off by doing a "house hack" via renting out the unu...
I'm getting a HELOC on a rental property I own and I'm wondering if I'll be able to deduct the interest on my taxes. I plan to use the funds exclusively for the purchase of rental properties and/or flips and related ...
Hey expert investors.
I have a primary resident in California and a investment property in New York. I am putting my investment property under an LLC + land trust. my question to you guys is does it make sense to also...
It's my understanding that if there's a "partial exclusion", I'd use a Form 8949 with Code H...And if it's "fully excluded" and there's no 1099-S issued (which I indeed received no 1099-S), then I'd simply not mention...
Based on the proposed Tax Reform with the substantial increase of the Standard deduction would it make more sense to refinance my investment properties as a cash out and payoff the mortgage on my primary residence. It...
Need some advice here:
- Primary residence was paid off (265k of equity)
- Purchased a 260k duplex for 227k and put 80k of our own cash into it and the rest from an interest only HELOC on primary residence.
- Duplex ...
Greetings all,As you know, the 2-Out-Of-5 year rule says: you must have lived in your home for a minimum of two out of the last five years before the date of sale in order to take an exclusion from capital gains upon ...