I am trying to understand the process of Sheriff Sale for Bergen County, NJ (judial foreclosure). After calling Sheriff's office and talking to real estate professionals, they state that all liens (excluding tax liens...
Looking to possibly set up a C Corp and have our IRA buy shares so that we would have available capital for fix and flip opportunities. Does anyone have this arrangement set up or had in the past that can give me advi...
One of the recent BP Podcasts I listened to made mention of a huge selling point that the guest used a lot. He said that when sellers say they want 2%, 5%, Etc, in interest on their seller financing, he reminds them t...
I have a seller whose house we are supposed to buy on Jan 3rd. Our title company just picked up on a tax lien that was from the sellers ex-husband who quitclaimed it to our seller X years ago. The lien is for 75k + an...
Thinking about listing my in-home apartment on airbnb and learned that airbnb income can be considered "active", not "passive" in the eyes of the IRS and results in the owner having to pay SE taxes on top of income ta...
Hi, my wife and I started an Airbnb in Sacramento, CA, this year and are new to real estate investing. According to our understanding:1) California does not recognize REP status, but we could claim it on our federal t...
Got the keys yesterday on a 600k IRS tax complication. Parents owed 600k to the IRS, passed the house to daughter. Negotiated for a reduce payoff with IRS using her own lawyer. Submitted my offer 6 months ago and s...
I'm super confused as to the pros and cons of each of these entities. I don't have money of my own to invest with so I am starting out by Wholesaling. I've taken a class and have been made aware of 3 options I can s...
I had my wood floors of my rental home owned in another state resanded and stained for $ 1,650.I paid in Cash and requested a paid receipt for the job to be emailed to me. I'm still trying to get him to do s...
Hello all,
As part of my Roth 401K plan I am able to use a portion of my account balance as a self directed investment account. I know I am able to invest that money directly in real estate with the caveat th...