Fred Kite
Self directed checkbook IRAs may be banned in latest tax bill
The current proposed bill has the following clause: "The bill also prevents investing in an entity in which the IRA owner is an officer." which is generally how the checkbook IRA is structured (IRA owner is the Manage...
Jonathan Farber
Is it possible to do owner financing on property with mortgage?
Pretty straight forward ask but the term "owner financing" is thrown around so much. I have heard some people say it's not possible if there is still a mortgage. I've heard other people talk about assuming the curre...
Tracy Thompson
Renting in the middle of the month?
So we cannot locate in The Book on Managing Rental Properties how to handle a tenant moving in a home in the middle of the month. Do we pro-rate and only charge for the remaining days of the month? Thanks!
Yuriy Skripnichenko
Philadelphia Home Demand Index, May 2022
Hi all, new report from Bright below:In April, demand was weakest for lower-priced single-family homes with Limited buyer interest. Buyer interest was strongest for higher-priced condos and higher-priced single-family...
Joe H.
Rehab & Sell, Rehab & Rent Out, or Just Sell?
Hey everyone, I'm completely new to the real estate game, but wanted some perspective on a piece of property that I have inherited with my two siblings, so I myself have a one-third share. It is half of a duplex, 1 BR...
Bryan Barry
Wholesaling involving cash deals.
I know a lot of wholesaling deals are mostly in cash, and I have been hearing a lot of "paying 70% of the houses value" or some other percentage. So lets say I have a potential seller and he is asking for 100,000 doll...
Gordon Middleton
Partnerships and Real Property Contributions
All business and properties are in the state of New York.My partners and I are figuring out the structure of our business and need some help. We each own real estate and/or assets that have near equal market value. We...
Harold Arnold
Multi-family Tax Question
We are working on our 2016 taxes. In December 2016, we entered an agreement of sale for a multi-family (Triplex). We did an FHA loan as we intend to owner occupy one unit and rent the other two units. We had a structu...
David Ivy
April 2017 Market Report
The April 2017 Central Texas Housing Market Report is out from the Austin Board of REALTORS®:
Brandy Guthrie, 2017 President of the Austin Board of REALTORS® commented, “After a slow beginning to the year, increases...
Ryan O.
SCorp Unequal Capital Contributions
I have an LLC with a partner that is currently being taxed as a partnership. We are considering electing sub-chapter S status for 2013 to help save SE tax, we are in the business of flipping.
Currently we have an ...