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So the main definition of net worth to my knowledge is, after selling all assets minus liabilities you get your net worth. I believe a lot of times when we try and do a quick net worth calculation for an investment pr...
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I was wondering if I could start an LLC with my self directed IRA. I was considering purchasing property with the LLC and loaning money to purchase property in the LLC. Does anyone know if this can be done? If so d...
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Hello All,
Need your help….I am selling my rental property in FL on Monday. I am moving the money to 1031 intermediary till I decide what is the best option. House is selling for 660K with 300K in outstanding loan.
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Up late last night listing to one of the podcasts and began feel like I found a way to make my next deal work through a HELOC on my primary residence. I would be targeting access to $100K.I am currently holding 2 prop...
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I presently have a property in NJ that is in an LLC and I would like to sell it and buy investment properties in NC. I'm unsure as to what the first steps are that I should take OR if having the property in an LLC aff...
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Hi all! I am interested in partnering with a contractor but not sure exactly what makes sense. Here's the scenario:My agent (or the contractor) finds the deals. I fund the purchase price of the home and the contrac...
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From my understanding, in order to take advantage of the opportunity zones you need three things. One is you need a capital gain to is you need to put that capital gain into an opportunity zone fund or some kind. And ...
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Hello everyone,I recently purchased a SFR as an investment property and started rehab this week. Trying to decide whether to flip or rent. I had originally thought I would rent for year and do a 1031 to avoid cap ga...
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So...if one receives a large insurance claim and decides to pocket it initially to pay off a mortgage and later does the property repairs what are the tax consequences? Using the dollars to pay off the mortgage initi...
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Hi everyone , I purchased two homes cash last year, and the homes need full rehabs. I do not have the funds to complete the rehabs , and all the lenders I’ve researched will not fund the rehab money. They are only wil...