Hello BP, I had someone interested lending me money, but I'm not sure how to go about it.If someone wants to give me money do the bank or government need to see where it is coming from, is there any track record that ...
It seems like every other day I pick up on another little tidbit of information or rules regarding Fannie Mae rules, government rules, bank rules, tax rules etc when it comes to home ownership as an occupant or an inv...
I am having trouble finding article which discuss how taxes are handled when flipping properties under an LLC. If you could share an article or help with the below scenario, that would be greatly appreciated.
Our LLC ...
Over the weekend I heard third hand that, at least in Missouri, security deposits should be in a separate bank account than the main bank account. Supposedly it comes up if you're audited. I was told that you can use ...
Hi all,
I’ve been trying to read and learn as much as I can over the last 9-12mos or so, especially during this quarantine. I have invested on some crowdfunding websites and directly into syndications, however I am l...
What are your folks thought on this? I'm someone that wants my portfolio to be primarily RE, but I stuggle in how to allocate funds between Roth and traditional IRAs, SDIRA, and 401k. I have normally done Roth IRAs on...
hi - purchased my property in January 28th and just sold it and signed the contract on 10/21. Just spoke to a 1031 exchange lawyer and he said that this is not a good scenario and I cant do a 1031 exchange, that i di...
I bought a house in Costa Rica, using partially money from my 401k through a covid distribution, which meant I escaped the 10% penalty but still am liable for income tax.I'm 59, and took out approximately $200k. This...
I’m wandering if someone out there can talk to me about capital gains tax and how that would come into play when owning investment properties? Would there be a time to sell and a time to hold based on capital gains tax?
According to the latest article by the Wall Street Journal, governments are stepping up efforts to study and consider imposing rent control in at least 12 states. My belief is governments should not impose RENT contro...