I am just starting out. I don’t own an investment properties yet. Every time I listen to BP and they are talking about having your LLC set up properly, come tax time, I never know what they are truly talking about. I’...
Hi- I have recently formed an LLC with my partner at the request of a hard money lender in order to get a loan, they also want to see my personal funds in an account under the LLC. If I transfer my personal funds into...
I’m wanting to get into the wholesaling industry in Chattanooga,TN. Are there any other wholesalers in the area that I can speak to and get advice?
If I purchase a Tax Lien or Certificate from another investor, are the fees and the actual cost associated with that purchase included in the principal upon which I may earn interest or am I only entitled to interest ...
This is a tad confusing, but I am hoping the explain and get some answers. My parents purchased a piece of property and placed a mobile home on the property in 2012 and I have been living on the property since 2013. T...
Ho all,
A friend wants to sell me a 1/1 condo for $105k -sale by owner. HOA is $351 monthly and includes 2 parkings, Gas, heat, a/c and free laundry in the basement. Tax is $3098, and $25 monthly insurance. Potentia...
Hey there everyone, I currently own a small business in an entirely different industry but I have been keeping my eyes on real estate for about a year now. I have no desire to put money down and I have been rebuilding...
Greetings all. I am currently attempting to purchase a short sale and have the property under contract. I am not a real estate investor, have never purchased a short sale and am making this purchase as a primary res...
NarrativeSo about 2.5 years ago we started our company. It was created for the purpose of performing in real estate investment. It was created as a C-corp (not an LLC which is oddly relevant) and well funded. The firs...
I’m in Dallas, Texas and just started renting my first Airbnb rental, I need CPA or legal advice on whether we need to form a LLC now or wait until we have more properties. Will it benefit for us to have income comin...