Norman Scott Duncan
Sale of property within LLC
Three family members have owned a house for 10 years - always occupied by a family member. This year we placed it in a LLC (Limited Liability Company) in order to rent it for about 3 months of the year. Now we have ...
Mark Sacandy
Paying Off a Mortgage With An Inheritance
At great personal cost, it appears that my wife and I will be receiving an inheritance sufficient to pay off our house and possibly allow me to retire very soon. What are the tax implication of such a transaction? W...
Cole Shawd
Tax Savings on Commercial purchase
Buying my first commercial property in South Dakota. I talked to my CPA and he stated that there isn’t any tax benefits to purchasing this property INITIALLY. Is this true or is anyone aware of tax savings or reduct...
Austin Murphy
Sell an overpriced house that is finally cash flowing?
My nightmare entry into REI: I bought a personal house in a St Louis suburb with a friend (never ever do this btw) at the housing peak and then couldn't sell it when I had to relocate due to a military PCS. I bought ...
Michael Plaks
The so-called "STR loophole" - hype or real?
Buckle up. This is a long post addressing many myths around the current obsession with the "STR loophole." And the first of such myths is that it is a loophole. No, it is not. Loopholes are something UNintended. In co...
Nicole Tuffarelli
self directed IRA
hello friends, I have an old traditional IRA from my first job that is sitting in a local bank since early 2000s. it has about 40kI now have a W2 salaried job for 20yrs where I've participated in a employer run 401k i...
Anthony Freeman
Ending W-2 income
$10,000 seems to be a good amount of rental income (monthly) before quitting your W-2 job.
Gary Mendrin
Dayton economy. Where is it going?
Hello to Dayton, Ohio investors! I'm interested in the Dayton market and trying to understand what's been happening there since the Great Recession. I've read some of the Dayton CAFR and it says the Dayton Region expe...
Clare Cui
Co-signers? (skittish from bad experience)
Hello all,I do a rent by room strategy outside of Denver proper, and in the past have been burned a common denominator of two tenant that I allowed co-signers were not a good fit. One tenant in particular that was a n...
Bryan Greenwood
Construction Rehab Contract Terms and Clauses
I would like input from the group on how you might structure a real estate construction contract with your contractor to do a rehab project for you in the area of time management of the project. Specifically, what you...