Shawn Blake
House Hack Multi-Family in LA or NJ?
I'm looking to make my first real estate investment using an FHA loan, and wondering whether Los Angeles or New Jersey (Central) would be a better investment. I will be eventually locating to Los Angeles but have conc...
Julie Fishman
Commercial Loans 101 Discussion
Does anyone have any questions about how commercial loans work?
Peter J Donaldson
Yet another 2 out of 5 year Primary/Rental Ratio question (sorry)
Ok, I have read all the IRS publications and seen many forum answers on this basic subject and I THINK I now have an answer from IRS publication 523 but would like confirmation if possible as I think I have a quite ra...
Mary Jay
What is the proper way to
Can you guys help me out with this?I know that the rents deposited into my LLC bank account can not be just transferred into my personal bank account (Because if I do it then it pierces the corporate veil) 1) But what...
Matthew L.
Lessons from My First Purchase
I just wrapped up a busy (and cold!) week in Owings Mills (outside of Baltimore), where I was rehabbing my first rental property. Being my first real estate purchase ever, it was exciting and intimidating to go throug...
Erik Kubec
Fund Home Depot account with Self Directed IRA funds?
Hey folks,
I have a SDIRA through Equity Trust Company. Just purchased a condo that need renovation.
I want to issue a single check from the SDIRA to Home Depot and then have my contractor or myself make purchases ...
Michael Mastantuono
taxes due to selling a house you flip
I am constantly warned about tax penalties due to selling a house you flip. I created an LLC that I'm going to use to invest in and flip houses. I was under the impression that only the money taken out as a draw would...
Teri Feeney Styers
Can I partner with my S.D. Roth IRA to build on land I own?
So I am already partnering with my SDRIRA on a flip - so I know how it works when investing. And I'm sure on Monday my accountant and my custodian could answer this question. But there are so many of you out there who...
Jesse Bull
Upstate New York Investment Property Turnaround
I bought a house in Woodstock, NY about 5 years ago. It was always meant to be a weekend home whose costs I could partly cover through AirBnB...I wasn't as thoughtful or concerned about the annual loss in the early y...
Steven Straughn
Create LLC for family-owned rental?
Hi BiggerPockets. I'm looking for some advice regarding the transfer of property from my in-laws to their 3 adult daughters. I will, of course, seek advice from a legal/tax professional, but recall from time that I pr...