Brian C.
More Expensive Closing Day
I closed on a property a couple days ago... It was supposed to be a good day, but turned out to be quite frustrating, and a bit more expensive than it was supposed to be. I was working with a lender who promised to ...
Henrietta Lee
Tax pre-payment for rental sold
Hi, I sold a rental property that was rented for 16 years in CA this year. The net capital gain was $480,000. Depreciation taken was $100,000. Escrow already withheld CA State tax. I'm retired in FL with $25,000 socia...
Bienes Raices
Costs of transferring a property from personal name to LLC?
Does this sound about right?
--$100 to $200 -- county transfer tax
--$300 to reissue or write a new title policy in the LLC's name, since the old policy will be voided by the new quit claim or warranty deed.
--??? ...
Neems Y.
Texas 4 plex MFH 2 bed/1 bath each
Hello BP. I found this deal that seems promising and I wanted to run it by someone to see if I am missing anything. Note: The numbers listed are provided by the seller and haven't been verified yet. Some numbers are e...
Everyone tells you you’ll need millions to retire, let alone retire early. You hear it all over mainstream financial media, “You need FIVE million dollars” or “Three million dollars is enough, but you have to be fruga...
Roschelle McCoy
Rental Applicant Credit Report Interpretation
I have an three people wanting to split the rent on a house I own. Two of the applicants have outstanding credit, the other is on the low side (500's), which is obviously concerning. I'm struggling to interpret his ...
Michael Johnson
Claiming insurance premium
Hey guys, So I’m filing taxes myself and may end up having to go to someone if I can’t figure this out. Using turboI have two different 1098 forms one from the mortgage group and one from sun Trust The mortgage group ...
Can you start investing in real estate with just $15,000? Yep, and mobile home investing is how you do it. We know what you’re thinking, “I don’t want to own trailers! I want to invest in “real” houses where the “real...
Ty Moore
Newbie Tax Question
I am planning to purchase a foreclosure this week for $161,000 and put $20,000 into it with the hopes of it appraising around $250,000. My original plan was to flip the property and sell it for a quick $40,000 or so. ...
Connor Anderson
Newbie: Where do I go next?
Looking for advice on where I need to go next on my journey to financial freedom through real estate.Currently I am 23 years, make 50k a year plus bonuses, just moved to Denver, basically have 0 in savings, college de...