Several questions to CPA, lawyers or just those who might have better knowledge. For perspective, the property is located in San Diego, CA where I live also. 1. I was told and read that the property MUST be owned by t...
Hi Everyone,
My wife and I are looking to begin our real estate adventure over the next few months in multi family homes . One thing I keep wondering about is if we should for an LLC or a corporation of some sort to ...
I have about 2.5mm in liquid assets I can loan out, might be closer to 3.5 or 4 in the next couple years. I want to work alone (not run a consortium/partnership). My background is in banking, finance, analytics, and c...
Hey guys!I am getting pre-qualified for a loan, we are planning to do a 1031 exchange.The realtor referred me to 3 lenders, 2 of which never done 1031 exchanges. Does the loan officer need to be knowledgeable about 10...
I used Bill Bartmann's 9-Step Goal Setting plan he wrote about in 'Secret's to Success.' What is interesting is that the 9th step is 'Taking Action.' This is where most folks drop off when looking to become note inv...
I saw earlier posts about the new law, SB 978, investor suitability requirements for trust deed investments.
California now requires that when selling or brokering all of, or an interest in trust deed investments, ha...
I went to tenant/possession court today. My goal was to determine if it is a good method of finding disillusioned landlords who would want to sell their properties and get out of being a landlord. I had some time to...
This is not intended to be a doom and gloom thread about any potential economic downturn some time in the future, but rather discussion regarding the proper position oneself to benefit resulting from such an event.I w...
Hi all,any thoughts on whether LLC or S-Corp for Airbnb income? I'm thinking of an LLC taxed as an S-Corp.Also, I'm looking to buy my first rental property with my father. We'd both put up half of the equity-- woul...