Paul Hutton
borrowing cash from my corp.for rental purchases tax implications
I borrowed cash from my canadian corp to buy rentals all cash in the florida market. I will wright up a loan to myself from the corp to an interest rate that will completely offset any tax owing at years end from the ...
William Coet
Deed Restriciton to Prevent Competition
Hello,When selling a piece of land can a deed restriciton be used to prevent the buyer from developing a certain type of asset on the land (commercial, multifamily, etc)? Can the deed restriction be lifted by future o...
Justin Thorpe
Defeated in round 1 of Covid-19
June is over and it seems to me that in the battle royals between the United States and Covid-19, the latter has prevailed in this first round. To me this phase and especially the last 3 weeks were critical. Coming o...
Tim Siocheng
New planned tax laws
Now that we will be having a new president soon, i came across an article from marketwatch about the new real estate taxes.
https://www.marketwatch.com/story/10-biden-tax-proposals-that-will-sail-through-a-democrat...
Brittany Wilkerson
TAX CERTIFICATE STRUCTURE BEING DEMOLISHED. HOW TO HANDLE?
Hi, everyone. Just looking for some advice. I purchased a tax certificate for a property that sold to the state of Alabama in 2019. Yesterday I received a notice from the county saying the property is a nuisance and w...
Jean Norton
Armando Montelongo Faces Civil RICO Law Suit
Armando Montelongo Faces Civil RICO Law Suit under the federal Racketeering Influenced and Corrupt Organizations Act ("RICO") on behalf of 164 former students of "Flip This House" star Armando Montelongo and his compa...
Benjamin Sulka
FHA Loan vs. Conventional Loan
Hope everyone is living their dream.Regarding financing for a multifamily home, I would love to hear some recommendations from anyone. Would it make more sense to get an FHA loan at 3.5% down but have to pay PMI or to...
JJ Mayer
Lending to the Individual vs the LLC/Inc.
Question - would love to get a lender's perspective on this...We have 3 partners that each own a 1/3 interest in our "rental business", but we do not have a formal partnership agreement or an LLC or a Corp set up. So...
Daniel Sherman
First Time Flippers in South Tampa
Good evening BP community,We are under contract on a home in South Tampa and are trying to leap over every hurtle that comes our way. Since this is our first real investment and there are so many things to learn, we’...
Wei Xie
Can I offset capital gain with rental operating loss?
Dear fellow BPers,
I am wondering if I can use accumulated rental operating loss to offset capital gains:
1. Gains from sales of rental properties, either related to the operating loss or not.
2. Gains from sales ...