Bang Tran
2014 tax for flips
Hello everyone, I have a capital gains tax question. I purchased and flipped a house April 2014 and sold it in September for a profit. I turned around and bought another house in December and sold it in January 2015. ...
Dinesh T.
How to get Tax ID?
My attorney created an LLC for me. When I went to the bank to create an account, I was advised that they would need a tax ID for my LLC. I called the IRS, but could not get through. Please let me know what my next ste...
Byron Stoddard
Any good CPA's willing to answer a few questions?
I'm working a cash paid job (1099), and wanting to start investing in real estate very soon. I am currently filling taxes myself via turbotax. I file as self employed. I have spoken to a few different CPA's. They have...
Kyle Scholnick
Pay Yourself Rent? The Battle of Schedule C vs E
Are there any rules and regulations from IRS on paying yourself rent if you own an office building and your unrelated business uses that location? By doing that, it would put passive income on schedule E as opposed to...
Frederick Hawkins
Tax Question - Passive Real Estate Investment Income
Hey BP,Looking at starting an LLC to manage future investment properties. Anyone have experience operating an LLC and not having to pay self-employment taxes? Here's my understanding of the IRS code on this question...
Dawna Willis
Purchasing Real Estate with a Solo 401K loan
I would like to roll over funds from a 401K with a previous employer to a solo 401K with the intent to take a personal loan of 50% of the funds. I would take the $20K and add it with personal cash from my husband to...
Grant Anderson
Loan Broker Recommendations for Personal Residence
Hi everyone,I recently purchased a duplex, rehabbed it, and then moved into one of the units. I am looking for recommendations on a loan broker to do a cash out refinance on the property. It is in Indianapolis. We nee...
Taylor Haywood
How do you approach a lender?
My mother got contact information for a lender from a real estate agent she has worked with before. The agent said she could call him and see how much of a loan she qualified for. The real estate agent knows that I am...
Jeremiah Alado
What are some tips on getting a rental @ age 20
What qualifications should I have to get a loan for a 3 unit rental property? First time buyer!
John C.
Rental agreement for on-site maintenance.
I own a small apartment community in Georgia. I am considering giving one of the units to a maintenance person in exchange for rent. I want to give them a "rental agreement" like a weekly rental facility, rooming hous...