If I raise private money from a co worker or family, Do I need to w9 them? Does any thing need to be done for taxes? My company is in a llc.
I wanted to help out and share a breakdown from a first time investor client of mine to show what can be done.
3 Unit Purchase Price: $289,000. Seller Credit: $8670. Down payment: 5% or $14,450 (home possible loan...
I'm looking for opinions. My good friend's dad filed bankruptcy and he had a triplex he lost in it, and the trustee doesn't want to deal with it because they just had to evict the last remaining tenant and he came bac...
What is the appropriate way to handle depreciation, tax destructibility of interest, taxes, closing cots, and utilities when you are house hacking a 3 family? Purchased in April 2018 and also understand there are som...
This company is a complete real estate and investment ponzi scheme. Run by Dutch Mendenhall and Amy Vaughn, they solicit hard money loans (which they do not pay back) and joint venture real estate deals which they al...
Hi BP Community!This is my first forum post so I hope I'm doing this correctly.My husband and I are closing on our first investment property on October 5th, a multifamily property with 4 units, one of which we will be...
I'm finding a lot of people can't come up with three months deposit; plus I'm wondering if they have a good background check; verify job;no evictions; or criminal background; is it OK only to charge first and last mon...
I am buying a house from another investor where the elderly tenant couple has been there since 1970's. They are NOT going to be leaving. Here's the problem. They have NO security deposit on record at this time. Th...
I own an 18 unit C class apartment in Killeen, Tx. When I purchased the complex from a mom and pop owner operator it had good occupancy and many long term tenants. I carefully selected a PM company that is off site ...
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...