**Looking for advice/guidance before going to my CPA/Attorney and I know that’s not you.**I own two SFRs in my name. One is in MD and the other in FL where I’m a resident. I want to establish a LLC for asset protectio...
I have been reading about investing in Real Estate and I want to get a good handle on the terms before I start investing. I have seen many investors promote "cash deals" in their direct marketing pieces. If I were ...
Hello. I am currently on a waiting list with a turnkey provider located in Memphis, TN. Looking to purchase my first investment turnkey/passive real estate property. I'm both excited and nervous. Guess I"m looking for...
Hi BP, What are the advantages/disadvantages of buying a note versus buying a turnkey (or vice versa) in terms of cash on cash return, depreciation, deductions etc.? How much depreciation do I get from 1 property/year...
I own five single family homes in the Twin Cities area (Minnesota) and am trying to learn if creating an LLC and transfering these five houses to the LLC is a good decision and worth the time and money for such a smal...
I'm a license contractor and have been doing all my own rehabs. But am considering getting my real estate lic. Wonder if it's worth my time and effort. Thanks
People keep mentioning the tax advantages of real estate and asking me about how that must be a huge benefit to my family. I also just read a whole book about tax "loopholes" (written in 2005 by the way). That was re...
Looking to take advantage of tax breaks in my properties, have 3 single family homes that are rented out and my primary residence is being house hacked with two tenants. What's the best way to go about putting my home...
I had this property with a partner and loan and deed was on his name. We were filing the tax in the LLC 1065.I bought this property from him through escrow in LLC.Like to take advantage of depreciation for this proper...
I created an S Corp several years ago for a business venture that never took off. I believe the Employer Identification Number that I was assigned by the IRS is still valid. I'm new to REI and will be purchasing my ...