Patrick Snoke
Note business legal structure
I am undecided on the best legal structure to invest in notes as a side business. I have 3 options and each has their own things to consider. I have personal investment fund and an IRA of equal value1. Sole propriet...
Derrell Barton
Direct Mail Companies?
Hi, I see that this question has been asked before but I can't view it unless I upgrade my account :/ Pretty dumb right. So here it is. I'm a newbie mortgage banker and I'm trying to generate leads so I plan on sendin...
Will Barnard
Another Milestone . . . 10,000 Forum Posts
This is my 10,000th forum post on BP Nation!
As a long time member and contributor to the site, I am quite proud of this accomplishment and I have seen this site grow tremendously over the years, particularly this yea...
Devin Keener
How does the $150k AGI rule work for real estate tax deductions against w-2 income?
I'm new to real estate investing and own one rental and a primary residence. I recently found out about the separation between passive and active incomes and that there are rules about crossing the line on how you can...
Account Closed
Prohibited from owning another property for 3 years
Under the Good Neighbor Next Door (for teachers, police, firefighters, and EMTs) program from HUD, you take on a second "silent" mortgage for the 50% discount off the appraised value, and must OO for 3 years to receiv...
Mike Dawson
Dissolve LLC or change name?
Hi all. I have a Wyoming LLC I created to buy a specific property. I ultimately did not close. I want to use this LLC but I do not want to keep the name. It will still be doing real estate activities. I have a D&am...
Juan Figueroa
New Investor Tax Help
Hello, I am a new investor. Purchased a property in Vegas with a partner. I created a LLC prior to the purchase. Need help / advice on how take advantage of my using LLC for tax purposes. I am completely lost. I...
Blake Russell
Corporate Structure & Privacy
In regards of privacy and taxation what value can a Wyoming LLC holding company provide to a RE business that buys & holds/BRRRR and has an attorney at law conduct Wyoming LLC annual reports for me?Let's say I hav...
Andreas W.
Rental condo, 100% of value depreciable?
The tax records of my rental condo shows 0 for assessed land value and the assessed building value as the total assessed value. So far I was convinced that even a condo has some land value based on the shared common g...
Frank Closer
Newbie from the DMV
Hello everyone, I'm still in my 20's, I'm an experienced HVAC/R contractor whose been in the real estate game for a quite some time, however primarily aa a spectator. My mother and step mother are both licensed real e...