Hi Amazing Investors! I am in the process of negotiating an installment sale contract for 3 houses, one of which will be my primary residence. The houses are not currently mortgagable but those issues are resolvable...
I am a new real estate investor, I have been reading every book, blog, you-tube video and forum post I can absorb. The question is in Rich Dad, Robert states that owning your home is not an investment, but rather a l...
Hello BPocketters! I came from Mexico 10 months ago and I'm living in WA state since then. I'm under a tourist visa in process of adjustment of status. I'm very excited to start this endeavor and I'd like to go out an...
To anyone that has an LLC for flipping, can I operate as a single member LLC and still hire general/independent contractors? Or do I need to change the structure of my LLC and put the contractors I hire as employees?
I have been self-employed in healthcare for 3 years, but in the industry for 15. My business deductions greatly reduce my tax burden, but also my income on paper. However, my actual take-home income is much higher tha...
I am looking at forming, a Series LLC in Illinois, with my wife for our rental properties. After doing some research, I am only more confused. It seems like there are very different outlooks, strategies and methods. I...
So, I'm active duty military with rentals held under my name and an umbrella. I'm going to start flipping. I was going to start an LLC because I was told that it will limit my taxes to 15%. Currently I'm in the 25%...
If I use a HELOC on my primary residence to rehab houses that I don’t live in, is the interest still deductible in 2018? I understand that it is not. Any thoughts?
I'm a new investor and looking to start out with a couple flips a year to generate cash to fund purchases on rentals and duplexes. I live in California and have owned one rental property in Texas a few years. I think ...
As I continue researching the world of real estate investing and with the IRS April 15th date still fresh, I thought I would share this great article by Raleigh-Durham CPA, Kevin Bassett, who specializes in real estat...