Elam Reins
Wholesale - business VS hobby for tax purpose
This may seem really dump to many of you, but as a starter I want to understand how to correctly setup the business to protect me from any violation with the law.Here is my situation: like many new investors out there...
Mike Amedeo
Multi-Family Property LLC name?
Im starting a new company with other investors involved.We are brainstorming for company names. Buying mostly multi-family properties for buy and hold, rental.Hoping some people on here can give ideas of good company ...
Eric S.
How Big of an Umbrella Policy???
Let's just say a real estate investor owns a number of properties in their personal name and is unable to move them to an LLC or some other entity due to some 1031 exchange considerations. All of these properties are...
Emin T.
Deed transfer from C-corp to personal
HiI want to move a property from my C-corp to my name. How to transfer deed? Any payments or consideration necessary from me to company? Any tax implications? What about depreciation and tax resulting from that (Will ...
Kelsey Pryor
Tenant has legal right to contact owner?
I am a property manager for my Dad's properties. None of my tenants know our relationship and all communication and maintenance requests go through me. I have an issue with a tenant, complaining that we aren't fixing ...
Brandon G.
-New IRS info today! - 20% QBI Deductions on rental income...
For those that are interested, see the new IRS Notice 2019-07 that was just released. After a quick skim (page 7), it looks like we finally have our guidance on possibly claiming the 20% QBI deduction on rental income...
Jodi-Ann Bennett
Financing a fix and flip through a traditional bank
Hello AllI am a Newbie looking to do my first fix and flip in the New Jersey area and I currently have a property under contract. I am thinking about getting a loan from a traditional bank since the interest rates are...
Nathan Frost
Subject to Purchase Agreement
Anyone have a solid Subto Purchase Agreeent that covers the part Pace Morby mentions. Looking for a solid Purchase Agreement Template that covers this.Basically saying - where I borrow $5,000 for the EMD, and it is f...
Charles Schmidt
Does a DSCR loan affect your personal credit and DTI ratio?
I have been shopping around for lenders for a 20% down DSCR loan for a new short term rental property. One of them told me that if I close the loan directly into an LLC (which he confirmed they can do), then it won't ...
Andrew Mathisen
Non-U.S. person wishing to invest in U.S. real estate.
Hello all, Non-U.S. person investor here. Asking for book suggestions for how to go about investing in the U.S.A. real estate market, probably FL. I assume, LLC for holding title, etc. But confused about legal restric...