Justin Silverio
Tax Impact on transferring from LLC to Trust
Does anyone know if there are tax implications with transferring a property out of an LLC and into a Realty Trust?
Julie Dib
Question about 1031 exchange property and who can rent from u?
Hi all, I just got my license and my father in law is about to sell an investment property in Cali. I’m trying to pitch the idea of purchasing an investment property with 1031 exchange here in houston, TX. He asked me...
George P.
Termite damage (listed property)
Looked at SFH in the rural area of Maryland and the sunroom appear to have a termite damage (not sure about the rest of the house) - can someone possibly explain the options in terms of treating/preventing from furthe...
Brandon Shewbridge
OK Tax Gurus - Here's One For You
ScenarioA 401K loan was for partial funding on a personal hard money loan. The loan was defaulted on and the result was a total loss. The 401K loan was converted to a distribution when switching jobs so prepayment pe...
Lisa H.
Lending snobbery - DSCR loans
Has anyone experienced a lender treat you differently after reviewing your financials? I am working with this lender who was so friendly and helpful. I was fist trying to qualify for a conventional but since I can’t v...
Justin Greiwe
Debate: does every LLC need a separate checking
I wanted to bring this debate to the forum that I am having with a friend who is also an investor.
The debate, if an owner has several llcs ( all single member) for holding rentals, and one additional LLC acting as m...
Veronica Ivy
When to form a Solo 401k: before, or after leaving a W2 job?
Hi y'all. I'm about to leave my W2 position and basically be a full time professional real estate investor. I am super sold on the benefits of rolling over my 401k into a Solo 401k and then buying rentals with it.
My...
Account Closed
Basis when purchasing subject-to
@Steven Hamilton II and @Dmitriy FomichenkoI read some threads recently where the info on basis when purchasing sub2 seemed conflicting. 2 years ago I bought a property subject-to the existing liens of $250K. Then f...
Arthur Neves
Canadian investing in US. Should I open a LLP?
Hi, my wife and I live in Canada. She is buying her first property in the US to be a rental one. She will probably buy more 2 in the short term and thinking in doing more of it in the future.
Now the question is: what...
Ruben Spretz
Emotional support animals; what’s the law in Nebraska?
I know that applicants who have a service animal are exempted from any no-pets policies and fees/extra charges.
However, what does the law say about emotional support animals? Are applicants who own them protected b...