Hi all, I’m new to real estate investing. I might have the possibility of partnering with a local acquaintance of mine, to structure a part commercial, part residential project. My main interest, in this discussion, w...
Hello all. Hoping some folks can give their two cents on the spreadsheet I built out and advise on any errors. The specific section of concern is the 10-year holding period summary.
This example is demonstrating buyi...
My local bank offered the following refi deal on my first couple of properties. I would like the opinion of others who have refinanced recently on the rates:
Properties: 2 properties held in an LLC, no current loans,...
Someone I know bought a property in the 70s to use as a second home. They did this and then turned it in to a rental, self-managed, after a number of years. They never took depreciation on the property for whatever re...
Im hearing that I have to use a 1031 exchange agent to handle the money inbetween sale and purchase of the next property. Im hearing $1k+ to handle the process. I'm in TX. Does anyone know anything about this and is i...
What amount is considered income on house flipping for tax purposes?I purchased a home for cash-no mortgage for 25k put 25k in repairs in and sold for 79k, net 71k. How can I defer or decrease the taxation on income. ...
Hi,I am on the road to investing in my first multi-family property. I am going to use the house-hacking route and purchase with an FHA loan and live in one of the units. My questions are:1. Can I purchase the property...
For instance, for my first purchase, if I wanted to buy a duplex would I then, at any point, be able to transfer that duplex to an LLC if purchased with a mortgage? And how soon?If not, what would be the best way to p...
Hi there, my brother and I have just formed an LLC with the goal to flip a property. This will be our first investment and have found that we cannot get a loan under the LLC without 2 years of P&L statements.
We...
We've been using Vacasa for a property that is held through a self-directed IRA which stipulates we are not supposed to be doing the "property management".
We were considering using Evolve and I wondered if anyone ha...