Hey ya'll I'm new to the community and based on all of the posts that I've seen so far I've seen I'm glad to have found a community as supporting and inspiring as this one. As the title mentions me and two of my close...
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So I have a fix and flip that I bought roughly 8 months ago. I now have it under contract. I've been talking with my accountant to try to figure out tax implications or deferring taxes through a 1031. Needless to...
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I've been talking to friends and relatives, even co-workers and acquaintances. I've mailed some yellow letters and post cards. I've got a web-site, business cards, and UPS Store PMB. I've done 3 assignment deals th...
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Hi All!I am looking into transferring title of a REI property I just purchased into a yet-to-be-created LLC. Since I'm planning on scaling up to many homes in different markets, I'm wondering if there is a legal servi...
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Hey guys, me and a buddy are looking into get started into investing in rentals, as 50/50 partners.
My friend owns a house. I do not. If we were to find a duplex/triplex/fourplex that met our criteria, I was thinking...
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If you bought an REO property (to be used as a rental) that needed substantial repairs and the market value is higher than what you paid for it, how do you determine the basis for federal taxes?
I have been told vari...
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For some reason most hard money lenders require having an LLC or business entity. What do you guys think about that? Up till now I haven’t felt the need to form an LLC because I haven’t even bought one investment prop...
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We're looking at a tape consisting mostly of defaulted reverse mortgages. The borrowers have passed away and no heirs have showed up to take care of the estates. Most are underwater but some have equity. All are vaca...
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So, Im house hacking. In August I bought a 6 bedroom house in Tacoma. My intentions from the get-go were to rent 5 rooms and live in one until my 1 year seasoning period is over, then rent my room and move into the ...