Karac Davis
Llc structure and taxes
If every rental I have is it’s own llc what it the best way to structure things for taxes with losses? I know I can write off improvements and mortgage interest and landlord insurance. Does it many any sense to create...
Kyle Pagliaro
Investment vs Family - Personal Time & Finance Balancing
Hey All - I'm currently in my initial stages of my RE investing journey, but wanted to get opinions and advice on balancing my aspirations for the day to day real world time and financial commitments necessary. I'm cu...
Zachary Karczewski
My First Ever Flip/BRRR and My Whole Experience w/ Numbers
Investment Info:
Single-family residence buy & hold investment in Raleigh.
Purchase price: $95,000
Cash invested: $148,000
BRRR'd this one at 5401 Live Oak Trail Raleigh, NC 27613. Bought 10/20/2...
Elizabeth Zelaya
LLC? Please help!
Hi! I'm just starting out and recognize the importance of an LLC. Should I pay a tax professional to help me setup my first LLC, should I just do it myself (the form seems easy enough), or should I pay for online serv...
Account Closed
Hire Inspector or Just experienced walkthrough?
I am under contract for a house in Huntsville, my first purchase from a wholesaler - ever. I have a PM that I'm going to hire and he's very experienced in doing flips and managing properties, and when I brought up th...
Mark Forest
Where to keep security deposits
I have done a search in here and in Google to learn the Michigan rules on placing my tenant’s security deposit in a bank without results. I am a sole proprietor at this point. Can I just put it in my personal mone...
James Sullivan
SDIRA checkbook status and credit card
I have recently went through the process of setting up my SDIRA with checkbook status. The bank that is housing the LLC insisted that I have a credit card. Is it a prohibited transaction to use the LLC credit card to ...
Scott Po
LLC in Wyoming
I just bought my first property. I was given some advice to put the property under an LLC out of Wyoming as a liability precaution. Anyone hear about this? Pros vs cons? Thanks
Keith Sehi
LLC for properties different states
I currently have a llc in Illinois but will begin construction for a str on kentucky lake. Can I put the kentucky property in my illinois llc or form a new one in Kentucky. I currently don't have anything attached to ...
Tim Kaminski
HELOC Investment Strategies
BP,Have acquired my first property February of 2018. Recently got a soft appraisal from my realtor and banker who told me they feel comfortable that I can get $50K out of the home to use on a new property. I'm in Ta...