John Campbell
LLC vs Umbrella Insurance vs Other Options
New to renting, looking for advice.
Single family home valued around $1.1m. Roughly $510k owed. Converting it to a rental projected to rent @ $4500 monthly. Currently monthly is $2800 monthly on a 2.65%. Property Man...
Spencer Wetmore
How to report taxes on flip between tax years
Hi - I have a general question on taxes for flips. I purchased a house with a partner in 2017 that we rehabbed and will be selling in 2018. There were a decent amount of costs incurred in FY17, but I'm not sure if the...
Bill Cippola
Tax consequences. straight sale vs owne financing
WE are in the process of selling some land in Georgia we inherited back in 2014. We are Georgia residents. Without going into detail it was part of "gift" giving on a planned inheritance schedule below the max gift th...
Debi McBride
Scott Yancey Seminar and Extended Programs
Anyone have first hand experience w/the Scott Yancey seminars and or the follow up programs that are offered?What was your experience? Would You recommend the people and follow up programs for successful investing?
Mary El
Transferred title to my new LLC
I just moved my SFRs out of my name and into individual LLCs. For one property I want to do a 1031 exchange. Does my LLC have to hold the property for 366 days before I can do an exchange? I've own the property for 27...
Steven Webster
Moving out of my primary home to rent in a new area, sell or rent my primary home???
I live in Charlotte, NC and have rentals in a smaller market an hour and a half east of the Charlotte market. We have lived in our current home for over 7 years, and we are planning to move about 40 min away from our ...
Ven Bodavula
Development fees for small residential project
Hello everyone Need advice on what is a reasonable compensation to provide to a developer helping me Project is 2.5 acres of residential land - was developed for commercial office buildings , recently rezoned to resi...
Chad Coates
Refi Offer Comparison? Cash-Out or Not?
I guess I'm cutting my teeth on my own place. I've been in an FHA for five years and having bought a foreclosure we have plenty of equity. After reviewing a few offers its clear that I can take 20K out and still have ...
John Franczyk
Personal Matter - Selling My Mom's House in Western New York
My 88-year old mom just moved out of her house and into a retirement facility. My brother, sister, and I are discussing whether to list the house or to sell it to a neighbor who seems interested, albeit at a lower pri...
Matt M.
If I live-in my triplex, do I have to pay taxes on rental income earned?
To my understanding, actually living in the premises, especially being a 3-home or less, will put you into a different mortgage bracket, tax bracket, etc...
Do I need to claim my rental incomes and then pay taxes on ...